Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: OKX against QFEX−0.118%7-day average +0.016% · 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−$38as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.118%, 7d avg +0.016%

Together, before fees+0.193%+$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: OKX is 0.134% 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 +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX US100-USD	30,474	0.0000	pay 0.0000% / 1h	49m 05s	$1.3M	$1.4M	30x
Short	OKX US100-USDT-SWAP	30,438	0	get 0.0000% / 8h	49m 05s	$268K	$380K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$0.02
Price spread: −0.118% → +0.016%: −$13.41
Slippage, 4 orders: −$4.88
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$38.31
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; OKX: live order book, 51 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, 2 min ago	0.16 bp	6.8 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell OKX live order book, 51 min ago	0.16 bp	7.1 bp −$7	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	−0.0281%	8h	30,468.3	−0.019%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,426.7	−0.155%	$2.0M	$3.3M	100x	as long as short
MEXC NAS100_USDT	−0.0072%	8h	30,479	+0.016%	$23.9M	$20.6M	200x	as long as short
OKX US100-USDT-SWAPshort	0.0000%	8h	30,438	−0.118%	$268K	$380K	20x
Bitget NDX100USDT	0.0000%	8h	30,492	+0.059%	$3.5M	$630K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,474	0.000%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,434.8	−0.129%	$1.4M	$194K	10x	as long as short
QFEX US100-USDlong	0.0000%	1h	30,474	long leg	$1.3M	$1.4M	30x
Lighter US100	+0.0032%	1h	30,476	+0.007%	$3.9M	$94.0M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,483.9	+0.032%	$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	30,774.6	+0.987%	—	$203.2M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,470.6	−0.011%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,476	+0.007%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,476.9	+0.010%	$6.0M	$8.9M	25x	as long as short
Kraken Futures PF_US100USD	+0.1160%	1h	30,497.2	+0.076%	$141K	$141K	20x	as long as short