Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.3004%/8h= −329.0% APRpaid last 24h −0.758%

Price spread now: Orderly against Kraken Futures−0.282%7-day average −0.266% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−2.722%−$272 on $10k

Price spread, last 4 days (all we have)+1.165%+$116 · spread now −0.282%, 7d avg −0.266%

Together, before fees−1.557%−$156 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.266%, so right now this pair is about funding alone: −$90 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_US100USD	30,653.6	0.2793	pay 0.0349% / 1h	13m 07s	$131K	$127K	20x
Short	Orderly PERP_NAS100_USDC	30,567.1	−0.0212	pay 0.0212% / 8h	4h 13m	$102K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.282%Rate

Funding earned: −$630.88
Price spread: −0.282% → −0.266%: −$1.58
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$648.46
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 44 min ago; Orderly: no order-book sample. Net counts fees only.

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, 44 min ago	4.57 bp	14.6 bp −$15	48.8 bp −$488	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_USDCshort	−0.0212%	8h	30,567.1	−0.282%	$102K	$38K	20x
Gate NAS100_USDT	−0.0200%	8h	30,544.7	−0.355%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0105%	8h	30,579	−0.243%	$24.8M	$19.7M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,534	−0.390%	$262K	$379K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,557	−0.315%	$3.5M	$633K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,579	−0.243%	$2K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,544.7	−0.355%	$1.4M	$183K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,578	−0.247%	$1.3M	$1.4M	30x	as long as short
Lighter US100	+0.0032%	1h	30,573	−0.263%	$3.9M	$96.2M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,579.4	−0.242%	$2.0M	$5.7M	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	30,868.6	+0.702%	—	$199.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,572.9	−0.263%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,578	−0.247%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0118%	1h	30,592.2	−0.200%	$6.0M	$8.5M	25x	as long as short
Kraken Futures PF_US100USDlong	+0.2793%	1h	30,653.6	long leg	$131K	$127K	20x