Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0280%/8h= +30.7% APRpaid last 24h +0.061%

Price spread now: Bullet against Orderly+0.049%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bullet is 0.049% dearer against Orderly than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NAS100_USDC	30,469.8	−0.0280	get 0.0280% / 8h	4h 29m	$100K	$36K	20x
Short	Bullet US100-USD	30,484.7	0	get 0.0000% / 1h	29m 15s	$3K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Orderly. 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 OrderlybpFee BulletbpOrdersPrice spread, now +0.049%Rate

Funding earned: $58.9
Price spread: +0.049% → 0.000%: $4.88
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bullet: 4 bp × 2 orders: −$8
Net: $49.78
Costs to cover: 0.140%
Break-even: 1.1 days

Slippage unknown: Orderly: no order-book sample; Bullet: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—
Sell Bullet no order-book sample	—	—	—	—	—

Orderly and Bullet: 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 exchanges

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_USDClong	−0.0280%	8h	30,469.8	long leg	$100K	$36K	20x
Gate NAS100_USDT	−0.0200%	8h	30,494.5	+0.081%	$1.8M	$2.5M	100x	as long as short
Kraken Futures PF_US100USD	−0.0086%	1h	30,480.6	+0.035%	$140K	$39K	20x	as long as short
MEXC NAS100_USDT	−0.0055%	8h	30,483	+0.043%	$22.7M	$21.9M	200x	as long as short
QFEX US100-USD	−0.0004%	1h	30,481	+0.037%	$1.6M	$1.8M	30x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,453	−0.055%	$265K	$425K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,516	+0.152%	$3.6M	$419K	50x	as long as short
Bullet US100-USDshort	0.0000%	1h	30,484.7	+0.049%	$3K	$90K	10x
Phemex NAS100USDT	0.0000%	4h	30,485.3	+0.051%	$1.4M	$193K	10x	as long as short
Lighter US100	+0.0032%	1h	30,477	+0.024%	$2.5M	$99.6M	30x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TECH100m-USD	+0.0032%	1h	30,479.1	+0.030%	$2.0M	$5.6M	20x	as long as short
Vest NDX-USD-PERP	+0.0046%	1h	30,776	+1.005%	—	$205.5M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,477.1	+0.024%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,483	+0.043%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0107%	1h	30,487.3	+0.057%	$5.9M	$11.3M	25x	as long as short