Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.028%

Price spread now: MEXC against Phemex+0.274%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 3 days (all we have)−0.187%−$19 · spread now +0.274%, 7d avg +0.137%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.137% dearer against Phemex than usual: you sell high and buy low (spread +0.274% now, against its 7-day average of +0.137%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NAS100USDT	30,464.6	0	get 0.0000% / 4h	14m 53s	$1.4M	$177K	10x
Short	MEXC NAS100_USDT	30,548	−0.0113	pay 0.0113% / 8h	14m 53s	$22.9M	$19.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Phemex. 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 PhemexbpFee MEXCbpOrdersPrice spread, now +0.274%Rate

Funding earned: −$23.73
Price spread: +0.274% → +0.137%: $13.67
Slippage, 4 orders: −$35.75
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$57.81
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; MEXC: live order book, 4 min ago.

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 Phemex live order book, 3 min ago	1.54 bp	30.5 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.16 bp	0.2 bp $0	0.8 bp −$8	27.8 bp −$2,785	125.1 bp −$62.5K

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	−0.0217%	8h	30,537.5	+0.239%	$102K	$38K	20x	as long as short
MEXC NAS100_USDTshort	−0.0113%	8h	30,548	+0.274%	$22.9M	$19.6M	200x
Gate NAS100_USDT	−0.0063%	8h	30,498.6	+0.111%	$1.8M	$3.6M	100x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,509	+0.146%	$260K	$357K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,533	+0.224%	$3.5M	$669K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,549	+0.277%	$3K	$90K	10x	as long as short
Phemex NAS100USDTlong	0.0000%	4h	30,464.6	long leg	$1.4M	$177K	10x
QFEX US100-USD	+0.0001%	1h	30,549	+0.277%	$1.4M	$1.0M	30x	as long as short
Lighter US100	+0.0032%	1h	30,543	+0.257%	$3.8M	$93.8M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,549.2	+0.278%	$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	30,834.6	+1.215%	—	$194.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,542.9	+0.257%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,550	+0.280%	$7.2M	$1.8M	50x	as long as short
Ondo Perps US100-USD.P	+0.0213%	1h	30,567.7	+0.338%	$6.0M	$8.8M	25x	as long as short
Kraken Futures PF_US100USD	+0.1978%	1h	30,612.4	+0.485%	$124K	$122K	20x	as long as short