Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.029%

Price spread now: Phemex against MEXC−0.109%7-day average −0.141% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$670.672% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.109%, 7d avg −0.141%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.032% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.141%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NAS100_USDT	30,578	−0.0105	get 0.0105% / 8h	4h 12m	$24.8M	$19.7M	200x
Short	Phemex NAS100USDT	30,544.7	0	get 0.0000% / 4h	12m 55s	$1.4M	$183K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.109%Rate

Funding earned: $22.05
Price spread: −0.109% → −0.141%: $3.22
Slippage, 4 orders: −$55.19
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$41.92
Costs to cover: 0.672%
Break-even: 20.3 days

Slippage from MEXC: live order book, 1 min ago; Phemex: live order book, 5 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, 1 min ago	0.16 bp	0.2 bp $0	0.8 bp −$8	22.8 bp −$2,278	122.8 bp −$61.4K
Sell Phemex live order book, 5 min ago	19.10 bp	34.4 bp −$34	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	−0.0212%	8h	30,567.1	−0.036%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,544.7	−0.109%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDTlong	−0.0105%	8h	30,578	long leg	$24.8M	$19.7M	200x
OKX US100-USDT-SWAP	0.0000%	8h	30,534	−0.144%	$262K	$379K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,557	−0.069%	$3.5M	$633K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,579	+0.003%	$2K	$90K	10x	as long as short
Phemex NAS100USDTshort	0.0000%	4h	30,544.7	−0.109%	$1.4M	$183K	10x
QFEX US100-USD	+0.0001%	1h	30,578	0.000%	$1.3M	$1.4M	30x	as long as short
Lighter US100	+0.0032%	1h	30,573	−0.016%	$3.9M	$96.2M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,578.8	+0.003%	$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	+0.950%	—	$199.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,572.9	−0.017%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,578	0.000%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0118%	1h	30,592.2	+0.046%	$6.0M	$8.5M	25x	as long as short
Kraken Futures PF_US100USD	+0.2793%	1h	30,653.6	+0.247%	$131K	$127K	20x	as long as short