Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.044%

Price spread now: MEXC against Polymarket Perps−0.003%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

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

costs, in and out, $10k−$100.101% of the position

Long on Polymarket Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 7 days−0.032%−$3 · spread now −0.003%, 7d avg −0.037%

Together, before fees−0.105%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.034% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.037%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.073% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NAS100-USD	30,530	0.0050	pay 0.0006% / 1h	19m 18s	$7.2M	$1.9M	50x
Short	MEXC NAS100_USDT	30,529	−0.0064	pay 0.0064% / 8h	3h 19m	$26.3M	$19.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Polymarket Perps. 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 Polymarket PerpsbpFee MEXCbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$23.94
Price spread: −0.003% → −0.037%: $3.38
Slippage, 4 orders: −$2.07
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$30.63
Costs to cover: 0.101%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 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 Polymarket Perps live order book, 5 min ago	0.16 bp	5.1 bp −$5	5.4 bp −$54	6.1 bp −$614	11.8 bp −$5,905
Sell MEXC live order book, 4 min ago	0.16 bp	0.2 bp $0	1.0 bp −$10	19.4 bp −$1,939	120.8 bp −$60.4K

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	30,518.3	−0.038%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,515.4	−0.048%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDTshort	−0.0064%	8h	30,529	−0.003%	$26.3M	$19.9M	200x
OKX US100-USDT-SWAP	0.0000%	8h	30,488	−0.138%	$262K	$375K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,541	+0.036%	$3.5M	$634K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,528	−0.007%	$4K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,518.2	−0.039%	$1.4M	$188K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,527	−0.010%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,525	−0.016%	$3.9M	$98.7M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,529.2	−0.003%	$2.0M	$5.8M	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	30,820.5	+0.952%	—	$202.9M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,522.9	−0.023%	—	—	5x	as long as short
Polymarket Perps NAS100-USDlong	+0.0050%	1h	30,530	long leg	$7.2M	$1.9M	50x
Ondo Perps US100-USD.P	+0.0112%	1h	30,542.8	+0.042%	$6.0M	$8.4M	25x	as long as short
Kraken Futures PF_US100USD	+0.2681%	1h	30,567.4	+0.122%	$137K	$137K	20x	as long as short