Funding arb · Price arb / RWA

NAS100

RWAAll NAS100 markets →

LONGPhemex▾Kraken Futures −0.0271%Orderly −0.0005%Bitget 0.0000%Bullet 0.0000%Phemex 0.0000%Lighter +0.0032%BingX +0.0044%Vest Markets +0.0046%Popdex +0.0048%Paradex +0.0050%MEXC +0.0050%Polymarket Perps +0.0050%SunX +0.0050%SoDEX +0.0050%HTX +0.0050%Ondo Perps +0.0050%QFEX +0.0066%Gate +0.0089%Extended +0.0576%AZverse +0.0783%OKX +0.1107%

⇄⇅

SHORTAftermath Perps▾OKX +0.1107%AZverse +0.0783%Extended +0.0576%Gate +0.0089%QFEX +0.0066%Ondo Perps +0.0050%MEXC +0.0050%Polymarket Perps +0.0050%SunX +0.0050%SoDEX +0.0050%HTX +0.0050%Paradex +0.0050%Popdex +0.0048%Vest Markets +0.0046%BingX +0.0044%Lighter +0.0032%Bitget 0.0000%Bullet 0.0000%Orderly −0.0005%Kraken Futures −0.0271%Aftermath Perps −0.0320%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexNAS100USDT	28,977.4	0	0.0000% / 4h	2h 48m	$1.5M	$212K	10x	Long Phemex
SHORT	Aftermath PerpsUS100USD	28,886.4	−0.0320	pay 0.0040% / 1h	48m 22s	$3K	$28K	15x	Short Aftermath Perps5% off

Price gap−0.314%

Funding gap−0.0320% /8h

Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.314% under zero (no 7-day history yet). Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.046% in total, about +0.0022%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.314%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

PhemexAftermath Perps

NAS100 on 22 exchanges

lowest funding first

Before you open

0 ok · 3 to watch

• i
  Note: Order book unknown—

  No order-book sample for Aftermath Perps: its slippage is not counted.
• i
  Note: Margin at max leverage$1,000 + $667

  Phemex 10x, Aftermath Perps 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ4h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long Phemex · 4h$0.00

  Short Aftermath Perps · 1h−$9.59

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$9.59Long Phemex: 6 payments, $0.00; short Aftermath Perps: 24 payments, −$9.59.
• i
  Note: No 7-day spread history−0.314%

  The gap cannot be compared with its average yet.
• !
  Watch: Short leg is thinner$3K vs $1.5M OI

  Aftermath Perps sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCPhemex Yes · Aftermath Perps No

  KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0022%/8h × 21 periods+$4.57

Price spread−0.314% → 0−$31.43

Slippage, 4 ordersno data for Aftermath Perps—

Fee Phemex bp × 2 orders−$12.00

Fee Aftermath Perps bp × 2 orders−$9.00

Net, fees only · 7 days · $10k−$47.86

Costs to cover0.210%Break-even80.4 days

Slippage: Phemex: live order book, 2 min ago; Aftermath Perps: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGPhemex2.5826.1 bp−$26102.4 bp−$1,024doesn’t fitdoesn’t fit

SELL · SHORTAftermath Perps—————

Closing costs about the same again.
Aftermath Perps: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

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NAS100 news

posts that mention NAS100 or Nasdaq-100, from every exchangeSearch all news →

10-28 17:49	Markets by Kinetiq	Other	China's AI stocks already crashed. $ZHIPU is down 80% from its high, $MINIMAX 74%. The Nasdaq-100 is down 5%. A China problem, or a preview? @Markets_xyz on X ↗
10-14 15:01	Variational Omni	Other	Yesterday, a trader on Variational executed a $2M US100 short with under 1 bip in execution costs. TradFi liquidity, now on-chain with swaps. @variational_io on X ↗
10-10 15:02	Ondo Perps	Other	The most in-demand markets trade 24/7 as perpetuals, weekends included: ▸ Intel ▸ XRP ▸ Gold ▸ AMD ▸ Meta ▸ Tesla ▸ Ondo ▸ Silver ▸ Circle ▸ Apple ▸ Zcash ▸ Netflix ▸ CXMT ▸ TSMC ▸ PURR ▸ DRAM ▸ Oracle ▸ Micron ▸ Bitcoin ▸ US100 ▸ US500 ▸ Nebius ▸ Solana ▸ Ethena ▸ Marvell ▸ Unitree ▸ Copper ▸ NVIDIA ▸ BitMine ▸ Alibaba ▸ Palantir ▸ Corning ▸ SpaceX ▸ Sandisk ▸ Amazon ▸ Zhipu AI ▸ MiniMax ▸ Strategy ▸ SK hynix ▸ Moderna ▸ Alphabet ▸ Microsoft ▸ Semis 3x ▸ Cerebras ▸ USD/JPY ▸ Samsung ▸ Coinbase ▸ Take-Two ▸ Ethereum ▸ Broadcom ▸ Lumentum ▸ BlackBerry ▸ Robinhood ▸ Hyperliquid ▸ CoreWeave ▸ Natural Gas ▸ Arm Holdings ▸ S&P 500 ETF ▸ WTI Crude Oil ▸ Brent Crude Oil ▸ South Korea 3x ▸ Nasdaq 100 ETF ▸ South Korea ETF ▸ Uranium Miners ETF Alongside always-on spot markets: ▸ Tesla ▸ Circle ▸ DRAM ▸ Micron ▸ NVIDIA ▸ SpaceX ▸ Sandisk ▸ Alphabet ▸ Gold ETF ▸ OPAIPon ▸ Silver ETF ▸ S&P 500 ETF ▸ Nasdaq 100 ETF All on a single platform. @OndoPerps on X ↗
10-04 20:17	Aftermath Perps	Listing	You can now long or short US100 (100 largest non-financial companies listed on Nasdaq) with up to 10x leverage. @AftermathFi on X ↗
10-04 18:00	Variational Omni	Other	Variational is the cheapest place to trade US500, US100, Gold, and many other traditional markets on-chain. Liquidity is aggregated from existing sources, instead of independently rebuilt on-chain. Swaps currently follow TradFi hours. As they move toward 24/7, so do swaps. @variational_io on X ↗
10-03 10:27	Paradex	Product	Crude oil $CL options are live on Paradex 🔥 24/7 Options on Everything Our 4th RWA options launch this week: Mon: US500 Wed: US100 Fri: GOLD Sat: CRUDE OIL Trade Oil options with zero fees on Paradex: @paradex on X ↗