Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: OKX against Polymarket Perps−0.085%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.085%, 7d avg +0.006%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.091% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NAS100-USD	30,476	0.0050	pay 0.0006% / 1h	41m 02s	$7.2M	$2.0M	50x
Short	OKX US100-USDT-SWAP	30,450	0	get 0.0000% / 8h	1h 41m	$263K	$373K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$10.5
Price spread: −0.085% → +0.006%: −$9.14
Slippage, 4 orders: −$5.17
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$42.81
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; OKX: live order book, 64 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, 3 min ago	0.16 bp	4.2 bp −$4	4.5 bp −$45	5.5 bp −$548	10.9 bp −$5,428
Sell OKX live order book, 64 min ago	0.33 bp	5.9 bp −$6	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	−0.0283%	8h	30,462.6	−0.044%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,437.2	−0.127%	$2.0M	$3.6M	100x	as long as short
MEXC NAS100_USDT	−0.0070%	8h	30,475	−0.003%	$24.3M	$20.4M	200x	as long as short
OKX US100-USDT-SWAPshort	0.0000%	8h	30,450	−0.085%	$263K	$373K	20x
Bitget NDX100USDT	0.0000%	8h	30,516	+0.131%	$3.5M	$602K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,476	0.000%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,429.9	−0.151%	$1.4M	$192K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,475	−0.003%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,472	−0.013%	$4.0M	$96.2M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,477.6	+0.005%	$2.0M	$5.9M	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	30,771.5	+0.970%	—	$202.8M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,472.9	−0.010%	—	—	5x	as long as short
Polymarket Perps NAS100-USDlong	+0.0050%	1h	30,476	long leg	$7.2M	$2.0M	50x
Ondo Perps US100-USD.P	+0.0050%	1h	30,480	+0.013%	$6.0M	$8.8M	25x	as long as short
Kraken Futures PF_US100USD	+0.1148%	1h	30,505.7	+0.097%	$137K	$137K	20x	as long as short