Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against OKX+0.069%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$150.153% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.258%−$26 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.069%, 7d avg −0.021%

Together, before fees−0.416%+ Points / potential airdropLighter: Season 3 · farm board−$42 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 Lighter is 0.090% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.258%, 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	OKX US100-USDT-SWAP	30,450	0	get 0.0000% / 8h	1h 40m	$263K	$373K	20x
Short	Lighter US100	30,471	0.0032	get 0.0004% / 1h	40m 39s	$4.0M	$96.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.069%Rate

Funding earned: $6.72
Price spread: +0.069% → −0.021%: $9.03
Slippage, 4 orders: −$5.3
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $0.45
Costs to cover: 0.153%
Break-even: 6.5 days

Slippage from OKX: live order book, 65 min ago; Lighter: live order book, 8 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, 65 min ago	0.33 bp	8.7 bp −$9	15.5 bp −$155	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	0.33 bp	0.3 bp $0	0.9 bp −$9	4.5 bp −$451	219.1 bp −$109.6K

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	30,462.6	+0.041%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,435.4	−0.048%	$2.0M	$3.6M	100x	as long as short
MEXC NAS100_USDT	−0.0069%	8h	30,473	+0.076%	$24.3M	$20.4M	200x	as long as short
OKX US100-USDT-SWAPlong	0.0000%	8h	30,450	long leg	$263K	$373K	20x
Bitget NDX100USDT	0.0000%	8h	30,515	+0.213%	$3.5M	$602K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,476	+0.085%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,429.9	−0.066%	$1.4M	$192K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,474	+0.079%	$1.3M	$1.3M	30x	as long as short
Lighter US100short	+0.0032%	1h	30,471	+0.069%	$4.0M	$96.4M	30x
Extended TECH100m-USD	+0.0032%	1h	30,476.2	+0.086%	$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	30,771.5	+1.056%	—	$202.8M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,470.9	+0.069%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,476	+0.085%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,480	+0.099%	$6.0M	$8.8M	25x	as long as short
Kraken Futures PF_US100USD	+0.1148%	1h	30,505.7	+0.183%	$137K	$137K	20x	as long as short