Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0392%/8h= −42.9% APRpaid last 24h −0.072%

Price spread now: Gate against Ondo Perps−0.243%7-day average +0.008% · you buy dearer than you sell

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

Long on Ondo Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.284%−$28 on $10k

Price spread, last 7 days+0.441%+$44 · spread now −0.243%, 7d avg +0.008%

Together, before fees+0.156%+ Points / potential airdropOndo Perps: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Gate is 0.250% cheaper against Ondo Perps than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps US100-USD.P	30,584	0.0192	pay 0.0024% / 1h	53m 20s	$6.0M	$8.8M	25x
Short	Gate NAS100_USDT	30,509.7	−0.0200	pay 0.0200% / 8h	7h 53m	$1.8M	$3.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.243%Rate

Funding earned: −$82.32
Price spread: −0.243% → +0.008%: −$25.03
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$127.35
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Gate: 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 Gate live order book, 5 min ago	8.03 bp	15.5 bp −$16	37.4 bp −$374	doesn't fit	doesn't fit

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	−0.0216%	8h	30,554	−0.098%	$102K	$38K	20x	as long as short
Gate NAS100_USDTshort	−0.0200%	8h	30,509.7	−0.243%	$1.8M	$3.6M	100x
MEXC NAS100_USDT	−0.0105%	8h	30,564	−0.065%	$22.6M	$19.3M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,525	−0.193%	$261K	$358K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,537	−0.154%	$3.5M	$669K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,566.1	−0.059%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,485.8	−0.321%	$1.4M	$174K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,566	−0.059%	$1.4M	$975K	30x	as long as short
Lighter US100	+0.0032%	1h	30,559	−0.082%	$3.9M	$92.1M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,566	−0.059%	$2.1M	$5.5M	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	30,849.8	+0.869%	—	$194.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,556.9	−0.089%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,564	−0.065%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.Plong	+0.0192%	1h	30,584	long leg	$6.0M	$8.8M	25x
Kraken Futures PF_US100USD	+0.2935%	1h	30,621.4	+0.122%	$124K	$122K	20x	as long as short