Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.029%

Price spread now: Ondo Perps against OKX+0.128%7-day average +0.021% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.155%−$16 · spread now +0.128%, 7d avg +0.021%

Together, before fees−0.102%+ Points / potential airdropOndo Perps: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.107% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX US100-USDT-SWAP	30,438	0	get 0.0000% / 8h	49m 03s	$268K	$380K	20x
Short	Ondo Perps US100-USD.P	30,476.9	0.0050	get 0.0006% / 1h	49m 03s	$6.0M	$8.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.128%Rate

Funding earned: $10.58
Price spread: +0.128% → +0.021%: $10.69
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $6.27
Costs to cover: 0.150%
Break-even: 2.9 days

Slippage unknown: OKX: live order book, 51 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 51 min ago	0.16 bp	5.2 bp −$5	13.9 bp −$139	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0281%	8h	30,468.3	+0.100%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,426.7	−0.037%	$2.0M	$3.3M	100x	as long as short
MEXC NAS100_USDT	−0.0072%	8h	30,479	+0.135%	$23.9M	$20.6M	200x	as long as short
OKX US100-USDT-SWAPlong	0.0000%	8h	30,438	long leg	$268K	$380K	20x
Bitget NDX100USDT	0.0000%	8h	30,492	+0.177%	$3.5M	$630K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,474	+0.118%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,434.8	−0.010%	$1.4M	$194K	10x	as long as short
QFEX US100-USD	0.0000%	1h	30,474	+0.118%	$1.3M	$1.4M	30x	as long as short
Lighter US100	+0.0032%	1h	30,476	+0.125%	$3.9M	$94.0M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,483.9	+0.151%	$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	30,774.6	+1.106%	—	$203.2M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,470.6	+0.107%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,476	+0.125%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.Pshort	+0.0050%	1h	30,476.9	+0.128%	$6.0M	$8.9M	25x
Kraken Futures PF_US100USD	+0.1160%	1h	30,497.2	+0.194%	$141K	$141K	20x	as long as short