Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0032%/8hpaid last 24h −0.010%

Price spread now: Bitget against Lighter−0.134%7-day average +0.092% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.342%+$34 on $10k

Price spread, last 7 days+0.170%+$17 · spread now −0.134%, 7d avg +0.092%

Together, before fees+0.512%+ Points / potential airdropLighter: Season 3 · farm board+$51 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.226% cheaper against Lighter than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.092%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.342%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter US100	30,543	0.0032	pay 0.0004% / 1h	21m 47s	$4.2M	$88.8M	30x
Short	Bitget NDX100USDT	30,502	0	get 0.0000% / 8h	4h 21m	$3.6M	$631K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter. 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 LighterbpFee BitgetbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$6.72
Price spread: −0.134% → +0.092%: −$22.6
Slippage, 4 orders: −$36.82
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$78.15
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from Lighter: live order book, 11 min ago; Bitget: live order book, just now.

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 Lighter live order book, 11 min ago	0.16 bp	0.2 bp $0	0.2 bp −$2	6.7 bp −$667	229.4 bp −$114.7K
Sell Bitget live order book, just now	7.22 bp	13.2 bp −$13	13.2 bp −$132	21.5 bp −$2,147	93.3 bp −$46.6K

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	−0.0222%	8h	30,533.7	−0.030%	$103K	$36K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,477.5	−0.215%	$1.8M	$3.6M	100x	as long as short
MEXC NAS100_USDT	−0.0093%	8h	30,546	+0.010%	$22.4M	$19.0M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,527	−0.052%	$140K	$168K	20x	as long as short
Bitget NDX100USDTshort	0.0000%	8h	30,502	−0.134%	$3.6M	$631K	50x
Bullet US100-USD	0.0000%	1h	30,542	−0.003%	$2K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,425.7	−0.384%	$1.4M	$170K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,537	−0.020%	$1.3M	$980K	30x	as long as short
Lighter US100long	+0.0032%	1h	30,543	long leg	$4.2M	$88.8M	30x
Extended TECH100m-USD	+0.0032%	1h	30,546.2	+0.011%	$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	+0.925%	—	$186.2M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,531.2	−0.039%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,539	−0.013%	$6.1M	$632K	50x	as long as short
Ondo Perps US100-USD.P	+0.0058%	1h	30,538.1	−0.016%	$6.0M	$9.5M	25x	as long as short
Kraken Futures PF_US100USD	+0.2137%	1h	30,532.4	−0.035%	$120K	$120K	20x	as long as short