Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1694%/8h= −185.5% APRpaid last 24h −0.690%

Price spread now: OKX against Kraken Futures−0.195%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$338as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$630.626% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−2.756%−$276 on $10k

Price spread, last 4 days (all we have)+0.853%+$85 · spread now −0.195%, 7d avg −0.034%

Together, before fees−1.904%−$190 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$51 a day on $10k at the current rate, and OKX is 0.162% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_US100USD	30,512.5	0.1694	pay 0.0212% / 1h	24m 06s	$137K	$137K	20x
Short	OKX US100-USDT-SWAP	30,453	0	get 0.0000% / 8h	2h 24m	$262K	$374K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee OKXbpOrdersPrice spread, now −0.195%Rate

Funding earned: −$355.68
Price spread: −0.195% → −0.034%: −$16.15
Slippage, 4 orders: −$42.63
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$434.46
Costs to cover: 0.626%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 23 min ago; OKX: live order book, 21 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 23 min ago	19.00 bp	24.0 bp −$24	47.8 bp −$478	doesn't fit	doesn't fit
Sell OKX live order book, 21 min ago	0.33 bp	5.9 bp −$6	doesn't fit	doesn't fit	doesn't fit

NAS100 on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NAS100_USDC	−0.0247%	8h	30,484.1	−0.093%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,457.4	−0.181%	$1.9M	$3.6M	100x	as long as short
MEXC NAS100_USDT	−0.0069%	8h	30,496	−0.054%	$25.6M	$20.3M	200x	as long as short
OKX US100-USDT-SWAPshort	0.0000%	8h	30,453	−0.195%	$262K	$374K	20x
Bitget NDX100USDT	0.0000%	8h	30,513	+0.002%	$3.5M	$636K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,493	−0.064%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,456.2	−0.185%	$1.4M	$190K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,489	−0.077%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,491	−0.070%	$3.8M	$97.2M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,496.7	−0.052%	$2.0M	$5.9M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NDX-USD-PERP	+0.0046%	1h	30,788.9	+0.906%	—	$203.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,484.9	−0.091%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,495	−0.057%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0103%	1h	30,500	−0.041%	$5.9M	$8.4M	25x	as long as short
Kraken Futures PF_US100USDlong	+0.1694%	1h	30,512.5	long leg	$137K	$137K	20x