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: QFEX against Bitget−0.052%7-day average −0.079% · 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−$610.613% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.026%−$3 on $10k

Price spread, last 7 days−0.010%−$1 · spread now −0.052%, 7d avg −0.079%

Together, before fees−0.036%−$4 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: QFEX is 0.027% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NDX100USDT	30,491	0	get 0.0000% / 8h	2m 08s	$3.5M	$633K	50x
Short	QFEX US100-USD	30,475	0.0000	get 0.0000% / 1h	2m 08s	$1.3M	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0.02
Price spread: −0.052% → −0.079%: $2.66
Slippage, 4 orders: −$39.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$58.62
Costs to cover: 0.613%
Break-even: 24430.2 days

Slippage from Bitget: live order book, 1 min ago; QFEX: 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 Bitget live order book, 1 min ago	2.13 bp	27.7 bp −$28	30.2 bp −$302	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	0.16 bp	7.4 bp −$7	7.6 bp −$76	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	−0.0282%	8h	30,462.9	−0.092%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,425	−0.216%	$2.0M	$3.3M	100x	as long as short
MEXC NAS100_USDT	−0.0065%	8h	30,473	−0.059%	$22.7M	$21.2M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,449	−0.138%	$266K	$387K	20x	as long as short
Bitget NDX100USDTlong	0.0000%	8h	30,491	long leg	$3.5M	$633K	50x
Bullet US100-USD	0.0000%	1h	30,474.4	−0.055%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,404.4	−0.284%	$1.4M	$195K	10x	as long as short
QFEX US100-USDshort	0.0000%	1h	30,475	−0.052%	$1.3M	$1.3M	30x
Lighter US100	+0.0032%	1h	30,469	−0.072%	$4.0M	$97.3M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,476	−0.049%	$1.9M	$5.3M	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	30,775.6	+0.933%	—	$203.3M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,471.1	−0.065%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,476	−0.049%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,474.7	−0.054%	$6.0M	$9.1M	25x	as long as short
Kraken Futures PF_US100USD	+0.1162%	1h	30,448.4	−0.140%	$141K	$128K	20x	as long as short