Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.030%

Price spread now: QFEX against MEXC−0.013%55s7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.165% of the position

Long on MEXC Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.068%−$7 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.013%, 7d avg +0.010%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.023% cheaper against MEXC than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.010%). If the spread goes back, that is −$2 on $10k: about 28 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 4 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NAS100_USDT	30,489	−0.0064	get 0.0064% / 8h	1h 17m	$24.5M	$20.5M	200x
Short	QFEX US100-USD	30,485	0.0001	get 0.0000% / 1h	17m 45s	$1.3M	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $13.69
Price spread: −0.013% → +0.010%: −$2.27
Slippage, 4 orders: −$6.51
Fee MEXC: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$5.09
Costs to cover: 0.165%
Break-even: 9.6 days

Slippage from MEXC: live order book, 1 min ago; QFEX: 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, 1 min ago	0.16 bp	0.2 bp $0	0.9 bp −$9	29.5 bp −$2,950	125.1 bp −$62.6K
Sell QFEX live order book, 4 min ago	1.31 bp	6.6 bp −$7	6.9 bp −$69	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	−0.0283%	8h	30,477.2	−0.039%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,428.2	−0.199%	$2.0M	$3.6M	100x	as long as short
MEXC NAS100_USDTlong	−0.0064%	8h	30,489	long leg	$24.5M	$20.5M	200x
OKX US100-USDT-SWAP	0.0000%	8h	30,445	−0.144%	$263K	$374K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,501	+0.039%	$3.5M	$603K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,485	−0.013%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,425.4	−0.209%	$1.4M	$192K	10x	as long as short
QFEX US100-USDshort	+0.0001%	1h	30,485	−0.013%	$1.3M	$1.3M	30x
Lighter US100	+0.0032%	1h	30,486	−0.010%	$4.0M	$98.4M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,492.1	+0.010%	$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	30,783.4	+0.966%	—	$202.8M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,487.9	−0.004%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,486	−0.010%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,493.2	+0.014%	$6.0M	$8.8M	25x	as long as short
Kraken Futures PF_US100USD	+0.1148%	1h	30,495.9	+0.023%	$141K	$141K	20x	as long as short