Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.039%

Price spread now: Lighter against MEXC−0.013%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$10.010% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 7 days−0.005%−$1 · spread now −0.013%, 7d avg +0.003%

Together, before fees−0.242%+ Points / potential airdropLighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.236%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NAS100_USDT	30,470	−0.0068	get 0.0068% / 8h	57m 00s	$24.1M	$20.6M	200x
Short	Lighter US100	30,466	0.0032	get 0.0004% / 1h	57m 00s	$3.9M	$93.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now −0.013%Rate

Funding earned: $21
Price spread: −0.013% → +0.003%: −$1.59
Slippage, 4 orders: −$0.98
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $18.43
Costs to cover: 0.010%
Break-even: 0.9 days

Slippage from MEXC: live order book, 2 min ago; Lighter: live order book, 7 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 MEXC live order book, 2 min ago	0.16 bp	0.2 bp $0	0.8 bp −$8	20.3 bp −$2,033	108.3 bp −$54.1K
Sell Lighter live order book, 7 min ago	0.33 bp	0.3 bp $0	0.3 bp −$3	6.3 bp −$628	224.2 bp −$112.1K

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	−0.0282%	8h	30,458.9	−0.036%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,415.3	−0.179%	$2.0M	$3.3M	100x	as long as short
MEXC NAS100_USDTlong	−0.0068%	8h	30,470	long leg	$24.1M	$20.6M	200x
OKX US100-USDT-SWAP	0.0000%	8h	30,440	−0.098%	$264K	$375K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,488	+0.059%	$3.5M	$631K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,471.1	+0.003%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,426.3	−0.143%	$1.4M	$193K	10x	as long as short
QFEX US100-USD	0.0000%	1h	30,467	−0.010%	$1.3M	$1.3M	30x	as long as short
Lighter US100short	+0.0032%	1h	30,466	−0.013%	$3.9M	$93.4M	30x
Extended TECH100m-USD	+0.0032%	1h	30,472.1	+0.007%	$2.0M	$5.9M	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	30,766.3	+0.972%	—	$203.2M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,465.6	−0.014%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,468	−0.007%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,471.3	+0.004%	$6.0M	$8.9M	25x	as long as short
Kraken Futures PF_US100USD	+0.1160%	1h	30,495	+0.082%	$141K	$141K	20x	as long as short