Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h +0.061%

Price spread now: QFEX against Orderly+0.043%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 QFEX

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 +$9 a day on $10k at the current rate, and QFEX is 0.043% dearer against Orderly than usual: you sell high and buy low: +$4 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	30,519.9	−0.0281	get 0.0281% / 8h	5h 06m	$100K	$36K	20x
Short	QFEX US100-USD	30,533	0.0003	get 0.0000% / 1h	6m 21s	$1.4M	$1.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.043%Rate

Funding earned: $59.78
Price spread: +0.043% → 0.000%: $4.29
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee QFEX: 5 bp × 2 orders: −$10
Net: $48.08
Costs to cover: 0.160%
Break-even: 1.4 days

Slippage unknown: Orderly: no order-book sample; QFEX: live order book, 3 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 Orderly no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	1.47 bp	8.4 bp −$8	8.4 bp −$84	doesn't fit	doesn't fit

Orderly: 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	−0.0281%	8h	30,519.9	long leg	$100K	$36K	20x
Kraken Futures PF_US100USD	−0.0233%	1h	30,509.5	−0.034%	$140K	$69K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,528.9	+0.030%	$1.8M	$2.6M	100x	as long as short
MEXC NAS100_USDT	−0.0064%	8h	30,536	+0.053%	$21.8M	$22.0M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,489	−0.101%	$266K	$425K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,548	+0.092%	$3.6M	$521K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,534	+0.046%	$2K	$89K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,518	−0.006%	$1.4M	$193K	10x	as long as short
QFEX US100-USDshort	+0.0003%	1h	30,533	+0.043%	$1.4M	$1.6M	30x
Lighter US100	+0.0032%	1h	30,525	+0.017%	$2.8M	$101.3M	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	30,526.2	+0.021%	$2.0M	$5.6M	20x	as long as short
Vest NDX-USD-PERP	+0.0046%	1h	30,825.6	+1.002%	—	$208.8M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,523.7	+0.012%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,532	+0.040%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0074%	1h	30,537.4	+0.057%	$6.0M	$10.2M	25x	as long as short