Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2681%/8h= +293.5% APRpaid last 24h +0.704%

Price spread now: Kraken Futures against OKX+0.263%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs+$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$700.696% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.760%+$276 on $10k

Price spread, last 4 days (all we have)−1.198%−$120 · spread now +0.263%, 7d avg +0.032%

Together, before fees+1.561%+$156 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$80 a day on $10k at the current rate, and Kraken Futures is 0.232% dearer against OKX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX US100-USDT-SWAP	30,488	0	get 0.0000% / 8h	3h 15m	$262K	$375K	20x
Short	Kraken Futures PF_US100USD	30,568.3	0.2681	get 0.0335% / 1h	15m 14s	$137K	$137K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.263%Rate

Funding earned: $562.92
Price spread: +0.263% → +0.032%: $23.15
Slippage, 4 orders: −$49.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $516.45
Costs to cover: 0.696%
Break-even: 0.6 days

Slippage from OKX: live order book, 35 min ago; Kraken Futures: live order book, 37 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, 35 min ago	0.98 bp	6.0 bp −$6	14.1 bp −$141	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 37 min ago	22.89 bp	28.2 bp −$28	74.2 bp −$742	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	30,520.7	+0.107%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,513.5	+0.084%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0068%	8h	30,533	+0.148%	$26.3M	$20.0M	200x	as long as short
OKX US100-USDT-SWAPlong	0.0000%	8h	30,488	long leg	$262K	$375K	20x
Bitget NDX100USDT	0.0000%	8h	30,541	+0.174%	$3.5M	$634K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,533.6	+0.149%	$4K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,513.5	+0.084%	$1.4M	$189K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,533	+0.148%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,526	+0.125%	$3.8M	$98.9M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,530.2	+0.138%	$2.0M	$5.8M	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	30,825.1	+1.106%	—	$202.9M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,528.9	+0.134%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,534	+0.151%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0116%	1h	30,538.5	+0.166%	$6.0M	$8.4M	25x	as long as short
Kraken Futures PF_US100USDshort	+0.2681%	1h	30,568.3	+0.263%	$137K	$137K	20x