Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h −0.064%

Price spread now: Gate against Polymarket Perps−0.054%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 7 days+0.157%+$16 · spread now −0.054%, 7d avg +0.006%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.060% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NAS100-USD	30,530	0.0050	pay 0.0006% / 1h	14m 23s	$7.2M	$1.9M	50x
Short	Gate NAS100_USDT	30,513.5	−0.0200	pay 0.0200% / 8h	3h 14m	$1.9M	$3.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Polymarket 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 Polymarket PerpsbpFee GatebpOrdersPrice spread, now −0.054%Rate

Funding earned: −$52.5
Price spread: −0.054% → +0.006%: −$6.01
Slippage, 4 orders: −$22.8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$104.32
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Gate: live order book, 4 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 Polymarket Perps live order book, 5 min ago	0.16 bp	4.9 bp −$5	5.5 bp −$55	6.1 bp −$609	12.1 bp −$6,056
Sell Gate live order book, 4 min ago	1.70 bp	21.2 bp −$21	56.9 bp −$569	doesn't fit	doesn't fit

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	−0.0212%	8h	30,518.6	−0.037%	$102K	$38K	20x	as long as short
Gate NAS100_USDTshort	−0.0200%	8h	30,513.5	−0.054%	$1.9M	$3.7M	100x
MEXC NAS100_USDT	−0.0068%	8h	30,529	−0.003%	$26.3M	$20.0M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,488	−0.138%	$262K	$375K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,538	+0.026%	$3.5M	$634K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,528.5	−0.005%	$4K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,513.5	−0.054%	$1.4M	$189K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,528	−0.007%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,522	−0.026%	$3.8M	$98.9M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,529.4	−0.002%	$2.0M	$5.8M	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	30,821.8	+0.956%	—	$202.9M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,521.9	−0.027%	—	—	5x	as long as short
Polymarket Perps NAS100-USDlong	+0.0050%	1h	30,530	long leg	$7.2M	$1.9M	50x
Ondo Perps US100-USD.P	+0.0117%	1h	30,541.6	+0.038%	$6.0M	$8.4M	25x	as long as short
Kraken Futures PF_US100USD	+0.2681%	1h	30,568.3	+0.126%	$137K	$137K	20x	as long as short