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% APRpaid last 24h 0.000%

Price spread now: Bitget against Phemex+0.249%7-day average +0.211% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1061.057% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.249%, 7d avg +0.211%

Together, before fees+0.101%+$10 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: Bitget is 0.038% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.211%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NAS100USDT	30,415.3	0	get 0.0000% / 4h	48m 08s	$1.4M	$193K	10x
Short	Bitget NDX100USDT	30,491	0	get 0.0000% / 8h	48m 08s	$3.5M	$630K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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 PhemexbpFee BitgetbpOrdersPrice spread, now +0.249%Rate

Funding earned: $0
Price spread: +0.249% → +0.211%: $3.82
Slippage, 4 orders: −$81.65
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$101.83
Costs to cover: 1.057%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Bitget: live order book, 5 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 Phemex live order book, 5 min ago	11.82 bp	27.8 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.30 bp	20.8 bp −$21	22.2 bp −$222	28.2 bp −$2,816	68.0 bp −$34.0K

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	−0.0281%	8h	30,466.3	+0.168%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,424.1	+0.029%	$2.0M	$3.3M	100x	as long as short
MEXC NAS100_USDT	−0.0075%	8h	30,479	+0.209%	$23.9M	$20.6M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,438	+0.075%	$268K	$380K	20x	as long as short
Bitget NDX100USDTshort	0.0000%	8h	30,491	+0.249%	$3.5M	$630K	50x
Bullet US100-USD	0.0000%	1h	30,474	+0.193%	$4K	$91K	10x	as long as short
Phemex NAS100USDTlong	0.0000%	4h	30,415.3	long leg	$1.4M	$193K	10x
QFEX US100-USD	0.0000%	1h	30,477	+0.203%	$1.3M	$1.4M	30x	as long as short
Lighter US100	+0.0032%	1h	30,476	+0.199%	$3.9M	$94.2M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,481	+0.216%	$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	30,771.9	+1.172%	—	$203.2M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,472.5	+0.188%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,476	+0.199%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,483.1	+0.223%	$6.0M	$8.9M	25x	as long as short
Kraken Futures PF_US100USD	+0.1160%	1h	30,497.1	+0.269%	$141K	$141K	20x	as long as short