Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: OKX against Polymarket Perps−0.056%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.056%, 7d avg +0.011%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.067% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NAS100-USD	30,566	0.0050	pay 0.0006% / 1h	25m 16s	$7.2M	$1.9M	50x
Short	OKX US100-USDT-SWAP	30,549	0	get 0.0000% / 8h	5h 25m	$263K	$379K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$10.5
Price spread: −0.056% → +0.011%: −$6.71
Slippage, 4 orders: −$5.09
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$40.3
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; OKX: live order book, 35 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, 4 min ago	0.16 bp	4.9 bp −$5	5.4 bp −$54	6.0 bp −$597	12.0 bp −$5,982
Sell OKX live order book, 35 min ago	1.64 bp	6.6 bp −$7	doesn't fit	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	30,553.7	−0.040%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,548.1	−0.058%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0090%	8h	30,566	0.000%	$24.2M	$19.5M	200x	as long as short
OKX US100-USDT-SWAPshort	0.0000%	8h	30,549	−0.056%	$263K	$379K	20x
Bitget NDX100USDT	0.0000%	8h	30,547	−0.062%	$3.5M	$621K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,566.4	+0.001%	$3K	$89K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,545.2	−0.068%	$1.4M	$175K	10x	as long as short
QFEX US100-USD	+0.0004%	1h	30,562	−0.013%	$1.4M	$1.1M	30x	as long as short
Lighter US100	+0.0032%	1h	30,560	−0.020%	$3.9M	$95.4M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,566.5	+0.002%	$2.2M	$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	30,858.5	+0.957%	—	$194.3M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,561.9	−0.014%	—	—	5x	as long as short
Polymarket Perps NAS100-USDlong	+0.0050%	1h	30,566	long leg	$7.2M	$1.9M	50x
Ondo Perps US100-USD.P	+0.0130%	1h	30,576.2	+0.033%	$6.0M	$8.5M	25x	as long as short
Kraken Futures PF_US100USD	+0.2811%	1h	30,644.2	+0.256%	$131K	$127K	20x	as long as short