Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.2428%/8h= +265.9% APRpaid last 24h +0.697%

Price spread now: Kraken Futures against OKX+0.272%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs+$211as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$630.632% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.747%+$275 on $10k

Price spread, last 3 days (all we have)−0.688%−$69 · spread now +0.272%, 7d avg +0.022%

Together, before fees+2.059%+$206 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$73 a day on $10k at the current rate, and Kraken Futures is 0.249% dearer against OKX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX US100-USDT-SWAP	30,561	0	get 0.0000% / 8h	6h 14m	$263K	$379K	20x
Short	Kraken Futures PF_US100USD	30,644.1	0.2428	get 0.0304% / 1h	14m 17s	$128K	$124K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.272%Rate

Funding earned: $509.91
Price spread: +0.272% → +0.022%: $24.94
Slippage, 4 orders: −$43.22
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $471.63
Costs to cover: 0.632%
Break-even: 0.5 days

Slippage from OKX: live order book, 51 min ago; Kraken Futures: live order book, 53 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, 51 min ago	0.82 bp	5.8 bp −$6	16.1 bp −$161	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 53 min ago	5.06 bp	30.3 bp −$30	82.5 bp −$825	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	30,579.7	+0.061%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,560	−0.003%	$1.8M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0096%	8h	30,589	+0.092%	$23.7M	$19.8M	200x	as long as short
OKX US100-USDT-SWAPlong	0.0000%	8h	30,561	long leg	$263K	$379K	20x
Bitget NDX100USDT	0.0000%	8h	30,554	−0.023%	$3.5M	$620K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,589	+0.092%	$3K	$89K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,579.2	+0.059%	$1.4M	$175K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,589	+0.092%	$1.4M	$1.1M	30x	as long as short
Lighter US100	+0.0032%	1h	30,585	+0.079%	$3.9M	$94.8M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,590.3	+0.096%	$2.2M	$5.6M	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	30,871.8	+1.017%	—	$193.3M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,578.9	+0.058%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,588	+0.088%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0222%	1h	30,603.9	+0.140%	$6.0M	$8.6M	25x	as long as short
Kraken Futures PF_US100USDshort	+0.2428%	1h	30,644.1	+0.272%	$128K	$124K	20x