Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.2628%/8h= +287.7% APRpaid last 24h +0.746%

Price spread now: Kraken Futures against Gate+0.328%7-day average +0.141% · you sell dearer than you buy

Net, funding: paid 7d − costs+$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$950.955% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.982%+$298 on $10k

Price spread, last 3 days (all we have)−0.567%−$57 · spread now +0.328%, 7d avg +0.141%

Together, before fees+2.415%+$242 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$79 a day on $10k at the current rate, and Kraken Futures is 0.186% dearer against Gate than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.141%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NAS100_USDT	30,548.6	−0.0200	get 0.0200% / 8h	6h 37m	$1.8M	$3.7M	100x
Short	Kraken Futures PF_US100USD	30,648.7	0.2428	get 0.0303% / 1h	37m 32s	$128K	$125K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.328%Rate

Funding earned: $551.84
Price spread: +0.328% → +0.141%: $18.64
Slippage, 4 orders: −$70.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $475.02
Costs to cover: 0.955%
Break-even: 1.0 days

Slippage from Gate: live order book, 6 min ago; Kraken Futures: live order book, 30 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 Gate live order book, 6 min ago	5.99 bp	18.9 bp −$19	49.7 bp −$497	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 30 min ago	5.06 bp	30.3 bp −$30	82.5 bp −$825	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	30,561.4	+0.042%	$102K	$38K	20x	as long as short
Gate NAS100_USDTlong	−0.0200%	8h	30,548.6	long leg	$1.8M	$3.7M	100x
MEXC NAS100_USDT	−0.0093%	8h	30,575	+0.086%	$23.8M	$19.7M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,562	+0.044%	$261K	$353K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,548	−0.002%	$3.5M	$620K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,573	+0.080%	$3K	$89K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,460.7	−0.288%	$1.4M	$172K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,572	+0.077%	$1.4M	$1.1M	30x	as long as short
Lighter US100	+0.0032%	1h	30,568	+0.064%	$3.9M	$93.2M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,571.2	+0.074%	$2.2M	$5.6M	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	30,854.9	+1.003%	—	$192.5M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,567.9	+0.063%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,568	+0.064%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0215%	1h	30,591	+0.139%	$6.0M	$8.6M	25x	as long as short
Kraken Futures PF_US100USDshort	+0.2428%	1h	30,648.7	+0.328%	$128K	$125K	20x