Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.001%

Price spread now: QFEX against OKX+0.118%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.205%−$21 · spread now +0.118%, 7d avg −0.018%

Together, before fees−0.212%−$21 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: QFEX is 0.136% dearer against OKX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX US100-USDT-SWAP	30,445	0	get 0.0000% / 8h	1h 25m	$263K	$374K	20x
Short	QFEX US100-USD	30,481	0.0001	get 0.0000% / 1h	25m 05s	$1.3M	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0.25
Price spread: +0.118% → −0.018%: $13.59
Slippage, 4 orders: −$4.88
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$11.04
Costs to cover: 0.249%
Break-even: 313.8 days

Slippage from OKX: live order book, 15 min ago; QFEX: live order book, 6 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, 15 min ago	0.16 bp	5.2 bp −$5	13.9 bp −$139	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	0.66 bp	7.0 bp −$7	7.1 bp −$71	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	30,465.4	+0.067%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,426.4	−0.061%	$2.0M	$3.6M	100x	as long as short
MEXC NAS100_USDT	−0.0064%	8h	30,478	+0.108%	$24.5M	$20.5M	200x	as long as short
OKX US100-USDT-SWAPlong	0.0000%	8h	30,445	long leg	$263K	$374K	20x
Bitget NDX100USDT	0.0000%	8h	30,497	+0.171%	$3.5M	$603K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,479	+0.112%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,415.3	−0.097%	$1.4M	$192K	10x	as long as short
QFEX US100-USDshort	+0.0001%	1h	30,481	+0.118%	$1.3M	$1.3M	30x
Lighter US100	+0.0032%	1h	30,473	+0.092%	$3.9M	$98.0M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,479.7	+0.114%	$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	30,777	+1.090%	—	$202.8M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,475.9	+0.101%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,480	+0.115%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,479	+0.112%	$6.0M	$8.8M	25x	as long as short
Kraken Futures PF_US100USD	+0.1148%	1h	30,495.3	+0.165%	$137K	$137K	20x	as long as short