Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h −0.050%

Price spread now: Gate against QFEX−0.051%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$630.626% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.209%−$21 on $10k

Price spread, last 7 days+0.185%+$18 · spread now −0.051%, 7d avg +0.028%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.079% cheaper against QFEX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX US100-USD	30,459	0.0003	pay 0.0000% / 1h	54m 04s	$1.2M	$1.5M	30x
Short	Gate NAS100_USDT	30,443.5	−0.0200	pay 0.0200% / 8h	6h 54m	$1.8M	$2.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against QFEX. 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 QFEXbpFee GatebpOrdersPrice spread, now −0.051%Rate

Funding earned: −$42.54
Price spread: −0.051% → +0.028%: −$7.88
Slippage, 4 orders: −$37.62
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$113.04
Costs to cover: 0.626%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 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 QFEX live order book, 3 min ago	0.49 bp	7.1 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.22 bp	13.7 bp −$14	87.6 bp −$876	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	−0.0280%	8h	30,449	−0.033%	$100K	$38K	20x	as long as short
Gate NAS100_USDTshort	−0.0200%	8h	30,443.5	−0.051%	$1.8M	$2.5M	100x
MEXC NAS100_USDT	−0.0069%	8h	30,462	+0.010%	$21.2M	$22.1M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,454	−0.016%	$266K	$389K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,510	+0.167%	$3.5M	$555K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,461	+0.007%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,450.9	−0.026%	$1.4M	$196K	10x	as long as short
QFEX US100-USDlong	+0.0003%	1h	30,459	long leg	$1.2M	$1.5M	30x
Lighter US100	+0.0032%	1h	30,456	−0.010%	$3.8M	$95.3M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,460.2	+0.004%	$1.9M	$5.2M	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	30,754	+0.969%	—	$210.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,450.2	−0.029%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,461	+0.007%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,460.4	+0.004%	$6.0M	$9.8M	25x	as long as short
Kraken Futures PF_US100USD	+0.0810%	1h	30,438.7	−0.067%	$141K	$128K	20x	as long as short