Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h —

Price spread now: Paradex against Phemex+0.277%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.277% dearer against Phemex than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NAS100USDT	30,443.6	0	get 0.0000% / 4h	2h 07m	$1.4M	$192K	10x
Short	Paradex US100-USD-PERP	30,527.9	0.0050	get 0.0050% / 8h	2h 07m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.277%Rate

Funding earned: $10.5
Price spread: +0.277% → 0.000%: $27.68
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $22.18
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Phemex: live order book, 5 min ago; Paradex: no order-book sample. 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 Phemex live order book, 5 min ago	6.64 bp	18.6 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0264%	8h	30,518.4	+0.246%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,462.1	+0.061%	$1.9M	$3.6M	100x	as long as short
MEXC NAS100_USDT	−0.0067%	8h	30,532	+0.290%	$23.8M	$20.6M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,463	+0.064%	$262K	$372K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,515	+0.235%	$3.5M	$636K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,529	+0.281%	$3K	$90K	10x	as long as short
Phemex NAS100USDTlong	0.0000%	4h	30,443.6	long leg	$1.4M	$192K	10x
QFEX US100-USD	+0.0002%	1h	30,532	+0.290%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,528	+0.277%	$4.1M	$98.3M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,531.8	+0.290%	$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	30,822	+1.243%	—	$203.1M	50x	as long as short
Paradex US100-USD-PERPshort	+0.0050%	8h	30,527.9	+0.277%	—	—	5x
Polymarket Perps NAS100-USD	+0.0050%	1h	30,531	+0.287%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0098%	1h	30,537.9	+0.310%	$6.1M	$8.6M	25x	as long as short
Kraken Futures PF_US100USD	+0.1694%	1h	30,510.1	+0.218%	$137K	$137K	20x	as long as short