Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Phemex−0.035%7-day average +0.188% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$800.804% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.035%, 7d avg +0.188%

Together, before fees+0.218%+$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.223% cheaper against Phemex than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.188%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NAS100USDT	30,544.7	0	get 0.0000% / 4h	12m 58s	$1.4M	$183K	10x
Short	OKX US100-USDT-SWAP	30,534	0	get 0.0000% / 8h	4h 12m	$262K	$379K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.188%: −$22.34
Slippage, 4 orders: −$58.4
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$102.74
Costs to cover: 0.804%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; OKX: live order book, 43 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, 5 min ago	19.10 bp	32.5 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 43 min ago	0.16 bp	5.2 bp −$5	doesn't fit	doesn't fit	doesn't fit

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	−0.0212%	8h	30,567.1	+0.073%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,544.7	0.000%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0105%	8h	30,578	+0.109%	$24.8M	$19.7M	200x	as long as short
OKX US100-USDT-SWAPshort	0.0000%	8h	30,534	−0.035%	$262K	$379K	20x
Bitget NDX100USDT	0.0000%	8h	30,557	+0.040%	$3.5M	$633K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,579	+0.112%	$2K	$90K	10x	as long as short
Phemex NAS100USDTlong	0.0000%	4h	30,544.7	long leg	$1.4M	$183K	10x
QFEX US100-USD	+0.0001%	1h	30,578	+0.109%	$1.3M	$1.4M	30x	as long as short
Lighter US100	+0.0032%	1h	30,573	+0.093%	$3.9M	$96.2M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,578.8	+0.112%	$2.0M	$5.7M	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	30,868.6	+1.060%	—	$199.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,572.9	+0.092%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,578	+0.109%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0118%	1h	30,592.2	+0.155%	$6.0M	$8.5M	25x	as long as short
Kraken Futures PF_US100USD	+0.2793%	1h	30,653.6	+0.356%	$131K	$127K	20x	as long as short