Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0250%/8hpaid last 24h +0.075%

Price spread now: Polymarket Perps against Gate+0.253%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.279%+$28 on $10k

Price spread, last 7 days−0.344%−$34 · spread now +0.253%, 7d avg −0.018%

Together, before fees−0.065%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Polymarket Perps is 0.272% dearer against Gate than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NAS100_USDT	30,461.9	−0.0200	get 0.0200% / 8h	4h 22m	$1.8M	$3.6M	100x
Short	Polymarket Perps NAS100-USD	30,539	0.0050	get 0.0006% / 1h	22m 36s	$6.1M	$632K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.253%Rate

Funding earned: $52.5
Price spread: +0.253% → −0.018%: $27.16
Slippage, 4 orders: −$19.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $37.03
Costs to cover: 0.426%
Break-even: 2.1 days

Slippage from Gate: live order book, 10 min ago; Polymarket Perps: live order book, 6 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, 10 min ago	6.10 bp	18.7 bp −$19	50.3 bp −$503	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	0.16 bp	4.2 bp −$4	4.2 bp −$42	4.7 bp −$467	10.9 bp −$5,474

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	−0.0221%	8h	30,522.2	+0.198%	$103K	$36K	20x	as long as short
Gate NAS100_USDTlong	−0.0200%	8h	30,461.9	long leg	$1.8M	$3.6M	100x
MEXC NAS100_USDT	−0.0093%	8h	30,536	+0.243%	$22.5M	$18.9M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,527	+0.214%	$140K	$168K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,505	+0.142%	$3.6M	$631K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,533	+0.234%	$2K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,425.7	−0.119%	$1.4M	$170K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,537	+0.247%	$1.3M	$980K	30x	as long as short
Lighter US100	+0.0032%	1h	30,531	+0.227%	$4.2M	$88.7M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,537.6	+0.249%	$2.4M	$5.1M	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	30,825.4	+1.193%	—	$186.2M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,531.2	+0.228%	—	—	5x	as long as short
Polymarket Perps NAS100-USDshort	+0.0050%	1h	30,539	+0.253%	$6.1M	$632K	50x
Ondo Perps US100-USD.P	+0.0058%	1h	30,538.1	+0.250%	$6.0M	$9.5M	25x	as long as short
Kraken Futures PF_US100USD	+0.2137%	1h	30,530.8	+0.226%	$120K	$120K	20x	as long as short