Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0312%/8h= +34.2% APRpaid last 24h +0.070%

Price spread now: Lighter against Orderly+0.025%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.268%−$27 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.025% dearer against Orderly than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.268%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NAS100_USDC	30,475.5	−0.0280	get 0.0280% / 8h	4h 07m	$100K	$36K	20x
Short	Lighter US100	30,483	0.0032	get 0.0004% / 1h	7m 32s	$2.5M	$100.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now +0.025%Rate

Funding earned: $65.58
Price spread: +0.025% → 0.000%: $2.46
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $62.04
Costs to cover: 0.060%
Break-even: 0.4 days

Slippage unknown: Orderly: no order-book sample; Lighter: 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	0.16 bp	0.8 bp −$1	1.3 bp −$13	5.2 bp −$520	208.2 bp −$104.1K

Orderly: 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 exchanges

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_USDClong	−0.0280%	8h	30,475.5	long leg	$100K	$36K	20x
Gate NAS100_USDT	−0.0200%	8h	30,463.5	−0.040%	$1.8M	$2.5M	100x	as long as short
Kraken Futures PF_US100USD	−0.0086%	1h	30,483.8	+0.027%	$140K	$39K	20x	as long as short
MEXC NAS100_USDT	−0.0074%	8h	30,489	+0.044%	$22.6M	$22.1M	200x	as long as short
QFEX US100-USD	−0.0004%	1h	30,489	+0.044%	$1.6M	$1.8M	30x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,463	−0.041%	$266K	$426K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,515	+0.130%	$3.6M	$419K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,490	+0.048%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,422.5	−0.174%	$1.4M	$192K	10x	as long as short
Lighter US100short	+0.0032%	1h	30,483	+0.025%	$2.5M	$100.1M	30x

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TECH100m-USD	+0.0032%	1h	30,483.3	+0.026%	$2.0M	$5.6M	20x	as long as short
Vest NDX-USD-PERP	+0.0046%	1h	30,781.5	+1.004%	—	$205.7M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,481.7	+0.020%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,490	+0.048%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0073%	1h	30,488.7	+0.043%	$5.9M	$11.3M	25x	as long as short