Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.029%

Price spread now: OKX against Ondo Perps−0.106%7-day average −0.019% · you buy dearer than you sell

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.106%, 7d avg −0.019%

Together, before fees+0.104%+ Points / potential airdropOndo Perps: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX 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 −0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps US100-USD.P	30,477.3	0.0050	pay 0.0006% / 1h	24m 10s	$6.0M	$8.8M	25x
Short	OKX US100-USDT-SWAP	30,445	0	get 0.0000% / 8h	1h 24m	$263K	$374K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Ondo Perps. 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 Ondo PerpsbpFee OKXbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$10.58
Price spread: −0.106% → −0.019%: −$8.63
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$34.22
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 16 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 OKX live order book, 16 min ago	0.16 bp	7.1 bp −$7	doesn't fit	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	−0.0282%	8h	30,467.1	−0.033%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,429	−0.158%	$2.0M	$3.6M	100x	as long as short
MEXC NAS100_USDT	−0.0065%	8h	30,480	+0.009%	$24.5M	$20.5M	200x	as long as short
OKX US100-USDT-SWAPshort	0.0000%	8h	30,445	−0.106%	$263K	$374K	20x
Bitget NDX100USDT	0.0000%	8h	30,493	+0.052%	$3.5M	$603K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,476	−0.004%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,415.3	−0.203%	$1.4M	$192K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,476	−0.004%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,478	+0.002%	$3.9M	$98.0M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,484.9	+0.025%	$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	30,776.4	+0.981%	—	$202.8M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,472.9	−0.014%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,480	+0.009%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.Plong	+0.0050%	1h	30,477.3	long leg	$6.0M	$8.8M	25x
Kraken Futures PF_US100USD	+0.1148%	1h	30,495.1	+0.059%	$137K	$137K	20x	as long as short