Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.034%

Price spread now: Orderly against Bullet−0.026%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 3 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 Orderly is 0.026% cheaper against Bullet than usual: you would sell low and buy high (−$3 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	30,577	0	get 0.0000% / 1h	9m 57s	$2K	$90K	10x
Short	Orderly PERP_NAS100_USDC	30,569.1	−0.0212	pay 0.0212% / 8h	4h 09m	$102K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.026%Rate

Funding earned: −$44.47
Price spread: −0.026% → 0.000%: −$2.58
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$61.05
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; 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 Bullet no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Bullet and 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 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_USDCshort	−0.0212%	8h	30,569.1	−0.026%	$102K	$38K	20x
Gate NAS100_USDT	−0.0200%	8h	30,544.7	−0.106%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0106%	8h	30,581	+0.013%	$24.8M	$19.7M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,534	−0.141%	$262K	$379K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,557	−0.065%	$3.5M	$633K	50x	as long as short
Bullet US100-USDlong	0.0000%	1h	30,577	long leg	$2K	$90K	10x
Phemex NAS100USDT	0.0000%	4h	30,544.7	−0.106%	$1.4M	$183K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,577	0.000%	$1.3M	$1.4M	30x	as long as short
Lighter US100	+0.0032%	1h	30,576	−0.003%	$3.9M	$96.3M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,580.6	+0.012%	$2.0M	$5.7M	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	30,869.9	+0.958%	—	$199.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,573.9	−0.010%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,580	+0.010%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0118%	1h	30,586.1	+0.030%	$6.0M	$8.5M	25x	as long as short
Kraken Futures PF_US100USD	+0.2792%	1h	30,654.4	+0.253%	$131K	$127K	20x	as long as short