Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.049%

Price spread now: Gate against Bullet−0.142%7-day average — · you buy dearer than you sell

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

Long on Bullet Short on Gate

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 −$6 a day on $10k at the current rate, and Gate is 0.142% cheaper against Bullet than usual: you would sell low and buy high (−$14 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	Bullet US100-USD	30,469	0	get 0.0000% / 1h	7m 55s	$3K	$91K	10x
Short	Gate NAS100_USDT	30,425.7	−0.0200	pay 0.0200% / 8h	7m 55s	$2.0M	$3.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bullet. 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 BulletbpFee GatebpOrdersPrice spread, now −0.142%Rate

Funding earned: −$42
Price spread: −0.142% → 0.000%: −$14.2
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$79.2
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Gate: live order book, 5 min ago. 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 Bullet no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	3.35 bp	16.0 bp −$16	46.2 bp −$462	doesn't fit	doesn't fit

Bullet: 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 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	30,455.4	−0.045%	$101K	$38K	20x	as long as short
Gate NAS100_USDTshort	−0.0200%	8h	30,425.7	−0.142%	$2.0M	$3.3M	100x
MEXC NAS100_USDT	−0.0066%	8h	30,466	−0.010%	$22.9M	$21.2M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,438	−0.102%	$266K	$387K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,491	+0.072%	$3.5M	$630K	50x	as long as short
Bullet US100-USDlong	0.0000%	1h	30,469	long leg	$3K	$91K	10x
Phemex NAS100USDT	0.0000%	4h	30,422.2	−0.154%	$1.4M	$196K	10x	as long as short
QFEX US100-USD	0.0000%	1h	30,469	0.000%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,463	−0.020%	$3.8M	$96.6M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,470.1	+0.004%	$1.9M	$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	30,763.9	+0.968%	—	$202.9M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,463	−0.020%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,468	−0.003%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,461.9	−0.023%	$6.0M	$9.1M	25x	as long as short
Kraken Futures PF_US100USD	+0.1162%	1h	30,448.5	−0.067%	$141K	$128K	20x	as long as short