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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: Ondo Perps against Polymarket Perps−0.008%7-day average +0.015% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.008%, 7d avg +0.015%

Together, before fees+0.045%+ Points / potential airdropOndo Perps: Active · farm board+$5 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: Ondo Perps is 0.023% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NAS100-USD	30,476	0.0050	pay 0.0006% / 1h	3m 22s	$7.2M	$2.0M	50x
Short	Ondo Perps US100-USD.P	30,473.5	0.0050	get 0.0006% / 1h	3m 22s	$6.0M	$9.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0.08
Price spread: −0.008% → +0.015%: −$2.31
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$15.23
Costs to cover: 0.130%
Break-even: 1275.8 days

Slippage unknown: Polymarket Perps: live order book, 6 min ago; Ondo Perps: 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 Polymarket Perps live order book, 6 min ago	0.16 bp	4.2 bp −$4	5.1 bp −$51	5.7 bp −$569	11.6 bp −$5,775
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0282%	8h	30,465.8	−0.033%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,427.3	−0.160%	$2.0M	$3.3M	100x	as long as short
MEXC NAS100_USDT	−0.0065%	8h	30,476	0.000%	$22.7M	$21.2M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,449	−0.089%	$266K	$387K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,491	+0.049%	$3.5M	$630K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,475.3	−0.002%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,404.4	−0.235%	$1.4M	$195K	10x	as long as short
QFEX US100-USD	0.0000%	1h	30,475	−0.003%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,472	−0.013%	$4.0M	$97.2M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,480.2	+0.014%	$1.9M	$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	30,776.1	+0.985%	—	$203.3M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,469.8	−0.020%	—	—	5x	as long as short
Polymarket Perps NAS100-USDlong	+0.0050%	1h	30,476	long leg	$7.2M	$2.0M	50x
Ondo Perps US100-USD.Pshort	+0.0050%	1h	30,473.5	−0.008%	$6.0M	$9.1M	25x
Kraken Futures PF_US100USD	+0.1162%	1h	30,448.8	−0.089%	$141K	$128K	20x	as long as short