Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against OKX+0.094%7-day average −0.186% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.260%−$26 · spread now +0.094%, 7d avg −0.186%

Together, before fees−0.326%−$33 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.280% dearer against OKX than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.186%.

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 18m	$262K	$375K	20x
Short	Phemex NAS100USDT	30,516.7	0	get 0.0000% / 4h	3h 18m	$1.4M	$188K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → −0.186%: $28.03
Slippage, 4 orders: −$30.24
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$24.21
Costs to cover: 0.522%
Break-even: never at this rate

Slippage from OKX: live order book, 32 min ago; Phemex: 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 OKX live order book, 32 min ago	0.98 bp	6.0 bp −$6	14.1 bp −$141	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	6.09 bp	18.6 bp −$19	doesn't fit	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	30,518.3	+0.099%	$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	−0.0064%	8h	30,525	+0.121%	$26.3M	$19.9M	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	30,528	+0.131%	$4K	$90K	10x	as long as short
Phemex NAS100USDTshort	0.0000%	4h	30,516.7	+0.094%	$1.4M	$188K	10x
QFEX US100-USD	+0.0002%	1h	30,527	+0.128%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,521	+0.108%	$3.9M	$98.8M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,524.3	+0.119%	$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	30,820.5	+1.091%	—	$202.9M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,522.9	+0.114%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,530	+0.138%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0112%	1h	30,542.8	+0.180%	$6.0M	$8.4M	25x	as long as short
Kraken Futures PF_US100USD	+0.2681%	1h	30,567	+0.259%	$137K	$137K	20x	as long as short