Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Extended against OKX+0.059%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.059%, 7d avg −0.011%

Together, before fees−0.085%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.070% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX US100-USDT-SWAP	30,453	0	get 0.0000% / 8h	12m 20s	$265K	$387K	20x
Short	Extended TECH100m-USD	30,471	0.0032	get 0.0004% / 1h	12m 20s	$2.0M	$5.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now +0.059%Rate

Funding earned: $6.72
Price spread: +0.059% → −0.011%: $6.99
Slippage, 4 orders: −$8.32
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$9.61
Costs to cover: 0.233%
Break-even: 17.0 days

Slippage from OKX: live order book, 23 min ago; Extended: live order book, 2 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 OKX live order book, 23 min ago	0.16 bp	10.1 bp −$10	21.4 bp −$214	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.82 bp	3.4 bp −$3	6.0 bp −$60	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	−0.0282%	8h	30,462.4	+0.031%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,425.5	−0.090%	$2.0M	$3.3M	100x	as long as short
MEXC NAS100_USDT	−0.0070%	8h	30,475	+0.072%	$23.0M	$21.1M	200x	as long as short
OKX US100-USDT-SWAPlong	0.0000%	8h	30,453	long leg	$265K	$387K	20x
Bitget NDX100USDT	0.0000%	8h	30,492	+0.128%	$3.5M	$630K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,475	+0.072%	$3K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,415.3	−0.124%	$1.4M	$197K	10x	as long as short
QFEX US100-USD	0.0000%	1h	30,476	+0.076%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,471	+0.059%	$3.9M	$96.3M	30x	as long as short
Extended TECH100m-USDshort	+0.0032%	1h	30,471	+0.059%	$2.0M	$5.7M	20x

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	30,771.6	+1.046%	—	$202.9M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,472	+0.062%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,475	+0.072%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,475.7	+0.075%	$6.0M	$9.1M	25x	as long as short
Kraken Futures PF_US100USD	+0.1162%	1h	30,447.9	−0.017%	$141K	$128K	20x	as long as short