Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.002%

Price spread now: Bitget against QFEX−0.072%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.168%+$17 · spread now −0.072%, 7d avg +0.053%

Together, before fees+0.194%+$19 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: Bitget is 0.125% cheaper against QFEX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX US100-USD	30,577	0.0002	pay 0.0000% / 1h	36m 05s	$1.4M	$977K	30x
Short	Bitget NDX100USDT	30,555	0	get 0.0000% / 8h	7h 36m	$3.5M	$668K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$0.42
Price spread: −0.072% → +0.053%: −$12.51
Slippage, 4 orders: −$18.07
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$53
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Bitget: live order book, 2 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 QFEX live order book, 5 min ago	1.14 bp	6.1 bp −$6	6.6 bp −$66	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.80 bp	16.2 bp −$16	16.9 bp −$169	24.7 bp −$2,470	81.3 bp −$40.6K

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	−0.0215%	8h	30,565.6	−0.037%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,518.8	−0.191%	$1.8M	$3.6M	100x	as long as short
MEXC NAS100_USDT	−0.0091%	8h	30,577	0.000%	$22.6M	$19.3M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,547	−0.098%	$261K	$357K	20x	as long as short
Bitget NDX100USDTshort	0.0000%	8h	30,555	−0.072%	$3.5M	$668K	50x
Bullet US100-USD	0.0000%	1h	30,577.7	+0.002%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,483.5	−0.306%	$1.4M	$171K	10x	as long as short
QFEX US100-USDlong	+0.0002%	1h	30,577	long leg	$1.4M	$977K	30x
Lighter US100	+0.0032%	1h	30,573	−0.013%	$3.8M	$93.3M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,578.2	+0.004%	$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	30,861.3	+0.930%	—	$194.7M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,571.9	−0.017%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,576	−0.003%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0178%	1h	30,586	+0.029%	$6.0M	$8.8M	25x	as long as short
Kraken Futures PF_US100USD	+0.2933%	1h	30,645	+0.222%	$127K	$125K	20x	as long as short