Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0314%/8h= +34.3% APRpaid last 24h +0.076%

Price spread now: Ondo Perps against Gate+0.164%7-day average +0.004% · you sell dearer than you buy

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.287%+$29 on $10k

Price spread, last 7 days−0.224%−$22 · spread now +0.164%, 7d avg +0.004%

Together, before fees+0.063%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Ondo Perps is 0.160% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NAS100_USDT	30,507.9	−0.0200	get 0.0200% / 8h	3h 40m	$1.9M	$3.7M	100x
Short	Ondo Perps US100-USD.P	30,557.8	0.0114	get 0.0014% / 1h	40m 16s	$6.0M	$8.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now +0.164%Rate

Funding earned: $65.86
Price spread: +0.164% → +0.004%: $15.97
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $61.83
Costs to cover: 0.200%
Break-even: 0.4 days

Slippage unknown: Gate: live order book, 3 min ago; Ondo Perps: 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, 3 min ago	3.13 bp	28.1 bp −$28	114.1 bp −$1,141	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0212%	8h	30,526.7	+0.062%	$102K	$38K	20x	as long as short
Gate NAS100_USDTlong	−0.0200%	8h	30,507.9	long leg	$1.9M	$3.7M	100x
MEXC NAS100_USDT	−0.0071%	8h	30,537	+0.096%	$25.6M	$19.7M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,512	+0.014%	$263K	$374K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,560	+0.171%	$3.5M	$633K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,539.2	+0.103%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,503.1	−0.016%	$1.4M	$183K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,538	+0.099%	$1.3M	$1.5M	30x	as long as short
Lighter US100	+0.0032%	1h	30,533	+0.082%	$3.9M	$97.0M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,539.1	+0.103%	$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	30,829.8	+1.055%	—	$202.7M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,535.9	+0.092%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,540	+0.105%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.Pshort	+0.0114%	1h	30,557.8	+0.164%	$6.0M	$8.4M	25x
Kraken Futures PF_US100USD	+0.2681%	1h	30,567.7	+0.196%	$137K	$136K	20x	as long as short