Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: Polymarket Perps against Ondo Perps+0.007%7-day average −0.015% · you sell dearer than you buy

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

Long on Ondo Perps Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.007%, 7d avg −0.015%

Together, before fees−0.044%+ Points / potential airdropOndo Perps: Active · farm board−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.022% dearer against Ondo Perps than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps US100-USD.P	30,476	0.0050	pay 0.0006% / 1h	4m 17s	$6.0M	$9.1M	25x
Short	Polymarket Perps NAS100-USD	30,478	0.0050	get 0.0006% / 1h	4m 17s	$7.2M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$0.08
Price spread: +0.007% → −0.015%: $2.16
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$10.92
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Polymarket Perps: live order book, 5 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 Polymarket Perps live order book, 5 min ago	0.16 bp	4.2 bp −$4	4.5 bp −$45	5.3 bp −$530	10.6 bp −$5,305

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	30,465.1	−0.036%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,428.5	−0.156%	$2.0M	$3.3M	100x	as long as short
MEXC NAS100_USDT	−0.0065%	8h	30,475	−0.003%	$22.9M	$21.2M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,438	−0.125%	$266K	$387K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,491	+0.049%	$3.5M	$630K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,475	−0.003%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,404.4	−0.235%	$1.4M	$195K	10x	as long as short
QFEX US100-USD	0.0000%	1h	30,474	−0.006%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,472	−0.013%	$4.0M	$97.1M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,480	+0.013%	$1.9M	$5.3M	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	30,773.4	+0.976%	—	$202.9M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,470.6	−0.018%	—	—	5x	as long as short
Polymarket Perps NAS100-USDshort	+0.0050%	1h	30,478	+0.007%	$7.2M	$2.0M	50x
Ondo Perps US100-USD.Plong	+0.0050%	1h	30,476	long leg	$6.0M	$9.1M	25x
Kraken Futures PF_US100USD	+0.1162%	1h	30,449.2	−0.088%	$141K	$128K	20x	as long as short