Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0299%/8h= −32.8% APRpaid last 24h −0.077%

Price spread now: Gate against Ondo Perps−0.092%7-day average −0.006% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.288%−$29 on $10k

Price spread, last 7 days+0.107%+$11 · spread now −0.092%, 7d avg −0.006%

Together, before fees−0.182%+ Points / potential airdropOndo Perps: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.086% cheaper against Ondo Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps US100-USD.P	30,516.5	0.0099	pay 0.0012% / 1h	45m 53s	$6.0M	$8.4M	25x
Short	Gate NAS100_USDT	30,488.5	−0.0200	pay 0.0200% / 8h	2h 45m	$1.9M	$3.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee GatebpOrdersPrice spread, now −0.092%Rate

Funding earned: −$62.83
Price spread: −0.092% → −0.006%: −$8.56
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$91.4
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 2 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	1.09 bp	22.3 bp −$22	57.2 bp −$572	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0225%	8h	30,494.7	−0.071%	$102K	$38K	20x	as long as short
Gate NAS100_USDTshort	−0.0200%	8h	30,488.5	−0.092%	$1.9M	$3.6M	100x
MEXC NAS100_USDT	−0.0064%	8h	30,508	−0.028%	$26.4M	$20.1M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,488	−0.093%	$262K	$374K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,527	+0.035%	$3.5M	$635K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,506.2	−0.034%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,484.9	−0.103%	$1.4M	$191K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,506	−0.034%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,501	−0.051%	$3.8M	$95.4M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,509.2	−0.024%	$2.0M	$5.8M	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	30,799.4	+0.927%	—	$203.0M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,501.9	−0.048%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,507	−0.031%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.Plong	+0.0099%	1h	30,516.5	long leg	$6.0M	$8.4M	25x
Kraken Futures PF_US100USD	+0.1693%	1h	30,533.9	+0.057%	$137K	$137K	20x	as long as short