Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.049%

Price spread now: Bullet against Gate+0.133%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Bullet

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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bullet is 0.133% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NAS100_USDT	30,509.2	−0.0200	get 0.0200% / 8h	3h 41m	$1.9M	$3.7M	100x
Short	Bullet US100-USD	30,549.7	0	get 0.0000% / 1h	41m 57s	$3K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Gate. 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 GatebpFee BulletbpOrdersPrice spread, now +0.133%Rate

Funding earned: $42
Price spread: +0.133% → 0.000%: $13.27
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bullet: 4 bp × 2 orders: −$8
Net: $32.27
Costs to cover: 0.230%
Break-even: 1.6 days

Slippage unknown: Gate: live order book, 1 min ago; Bullet: 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 Gate live order book, 1 min ago	3.13 bp	28.1 bp −$28	114.1 bp −$1,141	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

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	−0.0213%	8h	30,537.6	+0.093%	$102K	$38K	20x	as long as short
Gate NAS100_USDTlong	−0.0200%	8h	30,509.2	long leg	$1.9M	$3.7M	100x
MEXC NAS100_USDT	−0.0068%	8h	30,548	+0.127%	$25.6M	$19.7M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,512	+0.009%	$263K	$374K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,562	+0.173%	$3.5M	$633K	50x	as long as short
Bullet US100-USDshort	0.0000%	1h	30,549.7	+0.133%	$3K	$90K	10x
Phemex NAS100USDT	0.0000%	4h	30,502.3	−0.023%	$1.4M	$182K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,550	+0.134%	$1.3M	$1.5M	30x	as long as short
Lighter US100	+0.0032%	1h	30,546	+0.121%	$3.9M	$96.9M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,549.6	+0.133%	$2.0M	$5.8M	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	30,840.4	+1.085%	—	$202.6M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,544.9	+0.117%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,550	+0.134%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0114%	1h	30,567.7	+0.192%	$6.0M	$8.4M	25x	as long as short
Kraken Futures PF_US100USD	+0.2680%	1h	30,570.8	+0.202%	$137K	$136K	20x	as long as short