Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Extended against OKX+0.023%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

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

costs, in and out, $10k−$200.197% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.023%, 7d avg −0.019%

Together, before fees−0.049%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.043% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX US100-USDT-SWAP	30,562	0	get 0.0000% / 8h	6h 37m	$261K	$353K	20x
Short	Extended TECH100m-USD	30,569.2	0.0032	get 0.0004% / 1h	37m 00s	$2.2M	$5.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now +0.023%Rate

Funding earned: $6.72
Price spread: +0.023% → −0.019%: $4.28
Slippage, 4 orders: −$4.71
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$8.71
Costs to cover: 0.197%
Break-even: 16.1 days

Slippage from OKX: live order book, 28 min ago; Extended: live order book, 2 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 OKX live order book, 28 min ago	0.82 bp	5.8 bp −$6	16.1 bp −$161	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	1.14 bp	3.9 bp −$4	7.7 bp −$77	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	30,556.5	−0.018%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,545.6	−0.054%	$1.8M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0093%	8h	30,567	+0.016%	$23.8M	$19.7M	200x	as long as short
OKX US100-USDT-SWAPlong	0.0000%	8h	30,562	long leg	$261K	$353K	20x
Bitget NDX100USDT	0.0000%	8h	30,547	−0.049%	$3.5M	$620K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,570	+0.026%	$3K	$89K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,460.7	−0.332%	$1.4M	$172K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,572	+0.033%	$1.4M	$1.1M	30x	as long as short
Lighter US100	+0.0032%	1h	30,561	−0.003%	$3.9M	$93.2M	30x	as long as short
Extended TECH100m-USDshort	+0.0032%	1h	30,569.2	+0.023%	$2.2M	$5.6M	20x

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	+0.958%	—	$192.5M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,567.9	+0.019%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,568	+0.020%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0215%	1h	30,591	+0.095%	$6.0M	$8.6M	25x	as long as short
Kraken Futures PF_US100USD	+0.2428%	1h	30,651.6	+0.293%	$128K	$125K	20x	as long as short