Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0110%/8h= −12.1% APRpaid last 24h −0.028%

Price spread now: Bitget against Ondo Perps+0.027%7-day average +0.041% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days−0.035%−$4 · spread now +0.027%, 7d avg +0.041%

Together, before fees−0.003%+ Points / potential airdropOndo Perps: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps US100-USD.P	30,552.8	0.0110	pay 0.0014% / 1h	27m 55s	$6.0M	$8.4M	25x
Short	Bitget NDX100USDT	30,561	0	get 0.0000% / 8h	3h 27m	$3.5M	$633K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee BitgetbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$23.18
Price spread: +0.027% → +0.041%: −$1.41
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$41.6
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 5 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	3.11 bp	19.4 bp −$19	20.2 bp −$202	23.3 bp −$2,331	74.2 bp −$37.1K

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	−0.0213%	8h	30,531.5	−0.070%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,517.5	−0.116%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0073%	8h	30,543	−0.032%	$26.3M	$19.8M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,503	−0.163%	$262K	$375K	20x	as long as short
Bitget NDX100USDTshort	0.0000%	8h	30,561	+0.027%	$3.5M	$633K	50x
Bullet US100-USD	0.0000%	1h	30,542.7	−0.033%	$4K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,513.1	−0.130%	$1.4M	$187K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,538	−0.048%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,540	−0.042%	$3.9M	$98.0M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,542.4	−0.034%	$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	30,834.6	+0.922%	—	$203.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,536.9	−0.052%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,544	−0.029%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.Plong	+0.0110%	1h	30,552.8	long leg	$6.0M	$8.4M	25x
Kraken Futures PF_US100USD	+0.2681%	1h	30,568.8	+0.052%	$137K	$136K	20x	as long as short