Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.002%

Price spread now: OKX against QFEX−0.105%7-day average +0.022% · 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−$39as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.191%+$19 · spread now −0.105%, 7d avg +0.022%

Together, before fees+0.198%+$20 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: OKX is 0.126% cheaper against QFEX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX US100-USD	30,587	0.0001	pay 0.0000% / 1h	34m 24s	$1.3M	$1.3M	30x
Short	OKX US100-USDT-SWAP	30,555	0	get 0.0000% / 8h	4h 34m	$262K	$381K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$0.24
Price spread: −0.105% → +0.022%: −$12.65
Slippage, 4 orders: −$6.48
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$39.36
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; OKX: live order book, 21 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, 2 min ago	0.65 bp	5.7 bp −$6	5.9 bp −$59	doesn't fit	doesn't fit
Sell OKX live order book, 21 min ago	0.16 bp	5.2 bp −$5	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	30,572.9	−0.046%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,525.4	−0.201%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0100%	8h	30,587	0.000%	$24.8M	$19.7M	200x	as long as short
OKX US100-USDT-SWAPshort	0.0000%	8h	30,555	−0.105%	$262K	$381K	20x
Bitget NDX100USDT	0.0000%	8h	30,556	−0.101%	$3.5M	$633K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,587	0.000%	$3K	$89K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,523.5	−0.208%	$1.4M	$182K	10x	as long as short
QFEX US100-USDlong	+0.0001%	1h	30,587	long leg	$1.3M	$1.3M	30x
Lighter US100	+0.0032%	1h	30,581	−0.020%	$3.9M	$95.4M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,586.6	−0.001%	$2.0M	$5.7M	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	30,875.9	+0.944%	—	$198.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,578.9	−0.027%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,586	−0.003%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0129%	1h	30,604.2	+0.056%	$6.0M	$8.5M	25x	as long as short
Kraken Futures PF_US100USD	+0.2793%	1h	30,653.9	+0.219%	$131K	$127K	20x	as long as short