Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h −0.062%

Price spread now: Gate against QFEX−0.180%7-day average −0.075% · 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−$59as in the Price arb table

costs, in and out, $10k−$490.485% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.180%−$18 on $10k

Price spread, last 4 days (all we have)+0.407%+$41 · spread now −0.180%, 7d avg −0.075%

Together, before fees+0.227%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.105% cheaper against QFEX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.075%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX US100-USD	30,563	0.0002	pay 0.0000% / 1h	54m 29s	$1.4M	$975K	30x
Short	Gate NAS100_USDT	30,508	−0.0200	pay 0.0200% / 8h	7h 54m	$1.8M	$3.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.180%Rate

Funding earned: −$42.42
Price spread: −0.180% → −0.075%: −$10.5
Slippage, 4 orders: −$23.52
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$101.44
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; Gate: 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 QFEX live order book, 7 min ago	0.49 bp	6.1 bp −$6	6.3 bp −$63	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	8.03 bp	15.5 bp −$16	37.4 bp −$374	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	−0.0216%	8h	30,547.8	−0.050%	$102K	$38K	20x	as long as short
Gate NAS100_USDTshort	−0.0200%	8h	30,508	−0.180%	$1.8M	$3.6M	100x
MEXC NAS100_USDT	−0.0105%	8h	30,566	+0.010%	$22.6M	$19.3M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,525	−0.124%	$261K	$358K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,537	−0.085%	$3.5M	$669K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,565.4	+0.008%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,487.4	−0.247%	$1.4M	$174K	10x	as long as short
QFEX US100-USDlong	+0.0002%	1h	30,563	long leg	$1.4M	$975K	30x
Lighter US100	+0.0032%	1h	30,558	−0.016%	$3.9M	$92.0M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,566	+0.010%	$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	30,849	+0.936%	—	$194.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,556.9	−0.020%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,562	−0.003%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0196%	1h	30,578.3	+0.050%	$6.0M	$8.8M	25x	as long as short
Kraken Futures PF_US100USD	+0.2935%	1h	30,620.9	+0.189%	$124K	$122K	20x	as long as short