Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h +0.037%

Price spread now: Lighter against MEXC−0.020%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$10.010% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.020%, 7d avg +0.002%

Together, before fees−0.259%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.022% cheaper against MEXC than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.002%). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.252%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NAS100_USDT	30,549	−0.0113	get 0.0113% / 8h	15m 12s	$22.9M	$19.6M	200x
Short	Lighter US100	30,543	0.0032	get 0.0004% / 1h	15m 12s	$3.8M	$93.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now −0.020%Rate

Funding earned: $30.45
Price spread: −0.020% → +0.002%: −$2.2
Slippage, 4 orders: −$0.98
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $27.27
Costs to cover: 0.010%
Break-even: 0.7 days

Slippage from MEXC: live order book, 3 min ago; Lighter: live order book, 4 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 MEXC live order book, 3 min ago	0.16 bp	0.2 bp $0	0.8 bp −$8	27.4 bp −$2,745	124.4 bp −$62.2K
Sell Lighter live order book, 4 min ago	0.33 bp	0.3 bp $0	0.7 bp −$7	5.2 bp −$520	211.0 bp −$105.5K

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	−0.0217%	8h	30,537.5	−0.038%	$102K	$38K	20x	as long as short
MEXC NAS100_USDTlong	−0.0113%	8h	30,549	long leg	$22.9M	$19.6M	200x
Gate NAS100_USDT	−0.0063%	8h	30,498.2	−0.166%	$1.8M	$3.6M	100x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,509	−0.131%	$260K	$357K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,532	−0.056%	$3.5M	$669K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,549	0.000%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,464.6	−0.276%	$1.4M	$177K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,549	0.000%	$1.4M	$1.0M	30x	as long as short
Lighter US100short	+0.0032%	1h	30,543	−0.020%	$3.8M	$93.8M	30x
Extended TECH100m-USD	+0.0032%	1h	30,549.5	+0.002%	$2.1M	$5.5M	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	30,834.6	+0.935%	—	$194.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,542.9	−0.020%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,550	+0.003%	$7.2M	$1.8M	50x	as long as short
Ondo Perps US100-USD.P	+0.0213%	1h	30,567.7	+0.061%	$6.0M	$8.8M	25x	as long as short
Kraken Futures PF_US100USD	+0.1978%	1h	30,612.4	+0.208%	$124K	$122K	20x	as long as short