Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.061%

Price spread now: Orderly against QFEX−0.043%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Orderly is 0.043% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX US100-USD	30,533	0.0003	pay 0.0000% / 1h	5m 59s	$1.4M	$1.6M	30x
Short	Orderly PERP_NAS100_USDC	30,519.9	−0.0281	pay 0.0281% / 8h	5h 05m	$100K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.043%Rate

Funding earned: −$59.78
Price spread: −0.043% → 0.000%: −$4.29
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$80.07
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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, 4 min ago	1.47 bp	6.5 bp −$6	6.6 bp −$66	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NAS100 on 15 exchanges

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_USDCshort	−0.0281%	8h	30,519.9	−0.043%	$100K	$36K	20x
Kraken Futures PF_US100USD	−0.0233%	1h	30,510.2	−0.075%	$140K	$69K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,528.9	−0.013%	$1.8M	$2.6M	100x	as long as short
MEXC NAS100_USDT	−0.0064%	8h	30,536	+0.010%	$21.8M	$22.0M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,489	−0.144%	$266K	$425K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,548	+0.049%	$3.6M	$521K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,534	+0.003%	$2K	$89K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,517.9	−0.050%	$1.4M	$193K	10x	as long as short
QFEX US100-USDlong	+0.0003%	1h	30,533	long leg	$1.4M	$1.6M	30x
Lighter US100	+0.0032%	1h	30,527	−0.020%	$2.8M	$101.3M	30x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TECH100m-USD	+0.0032%	1h	30,530	−0.010%	$2.0M	$5.6M	20x	as long as short
Vest NDX-USD-PERP	+0.0046%	1h	30,825.6	+0.958%	—	$208.8M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,523.7	−0.031%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,532	−0.003%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0074%	1h	30,537.4	+0.014%	$6.0M	$10.2M	25x	as long as short