Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against OKX−0.079%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,617as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,630as in the Price arb table

costs, in and out, $10k−$1,62316.226% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.079%, 7d avg −0.004%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.075% cheaper against OKX than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.004%). If the spread goes back, that is −$8 on $10k: about 5.0 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.052% in total) that is about 10 days.

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	7h 41m	$265K	$388K	20x
Short	Polymarket Perps NAS100-USD	30,414	0.0050	get 0.0006% / 1h	41m 22s	$7.2M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.079%Rate

Funding earned: $10.5
Price spread: −0.079% → −0.004%: −$7.53
Slippage, 4 orders: −$1,604.6
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$1,619.63
Costs to cover: 16.226%
Break-even: 1086.8 days

Slippage from OKX: live order book, 54 min ago; Polymarket Perps: live order book, 3 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, 54 min ago	0.16 bp	10.1 bp −$10	21.4 bp −$214	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	737.19 bp	789.2 bp −$789	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	−0.0282%	8h	30,403.8	−0.112%	$100K	$39K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,390.8	−0.155%	$1.9M	$3.2M	100x	as long as short
MEXC NAS100_USDT	−0.0063%	8h	30,417	−0.069%	$22.9M	$21.6M	200x	as long as short
OKX US100-USDT-SWAPlong	0.0000%	8h	30,438	long leg	$265K	$388K	20x
Bitget NDX100USDT	0.0000%	8h	30,439	+0.003%	$3.5M	$572K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,416.2	−0.072%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,390.8	−0.155%	$1.4M	$190K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,416	−0.072%	$1.3M	$1.5M	30x	as long as short
Lighter US100	+0.0032%	1h	30,409	−0.095%	$4.0M	$94.4M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,415.4	−0.074%	$1.9M	$5.2M	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	30,707.3	+0.885%	—	$205.7M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,408.9	−0.096%	—	—	5x	as long as short
Polymarket Perps NAS100-USDshort	+0.0050%	1h	30,414	−0.079%	$7.2M	$1.9M	50x
Ondo Perps US100-USD.P	+0.0050%	1h	30,418.5	−0.064%	$6.0M	$9.2M	25x	as long as short
Kraken Futures PF_US100USD	+0.0340%	1h	30,439.1	+0.004%	$141K	$128K	20x	as long as short