Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.058%

Price spread now: Gate against Extended−0.099%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$480.479% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$25 on $10k

Price spread, last 7 days+0.314%+$31 · spread now −0.099%, 7d avg +0.031%

Together, before fees+0.069%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.129% cheaper against Extended than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TECH100m-USD	30,590.1	0.0032	pay 0.0004% / 1h	13m 56s	$2.2M	$5.6M	20x
Short	Gate NAS100_USDT	30,560	−0.0200	pay 0.0200% / 8h	6h 13m	$1.8M	$3.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now −0.099%Rate

Funding earned: −$48.72
Price spread: −0.099% → +0.031%: −$12.93
Slippage, 4 orders: −$27.87
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$109.51
Costs to cover: 0.479%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Gate: 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 Extended live order book, 5 min ago	0.65 bp	3.3 bp −$3	7.6 bp −$76	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.52 bp	17.8 bp −$18	44.3 bp −$443	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	−0.0215%	8h	30,579.7	−0.034%	$102K	$38K	20x	as long as short
Gate NAS100_USDTshort	−0.0200%	8h	30,560	−0.099%	$1.8M	$3.7M	100x
MEXC NAS100_USDT	−0.0096%	8h	30,590	0.000%	$23.7M	$19.8M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,561	−0.095%	$263K	$379K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,554	−0.118%	$3.5M	$620K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,589	−0.004%	$3K	$89K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,579.2	−0.036%	$1.4M	$175K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,589	−0.004%	$1.4M	$1.1M	30x	as long as short
Lighter US100	+0.0032%	1h	30,585	−0.017%	$3.9M	$94.8M	30x	as long as short
Extended TECH100m-USDlong	+0.0032%	1h	30,590.1	long leg	$2.2M	$5.6M	20x

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	30,871.8	+0.921%	—	$193.3M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,578.9	−0.037%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,588	−0.007%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0222%	1h	30,603.9	+0.045%	$6.0M	$8.6M	25x	as long as short
Kraken Futures PF_US100USD	+0.2428%	1h	30,644.1	+0.176%	$128K	$124K	20x	as long as short