Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h —

Price spread now: Paradex against QFEX−0.005%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX US100-USD	30,467	0.0000	pay 0.0000% / 1h	57m 22s	$1.3M	$1.3M	30x
Short	Paradex US100-USD-PERP	30,465.6	0.0050	get 0.0050% / 8h	57m 22s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.005%Rate

Funding earned: $10.48
Price spread: −0.005% → 0.000%: −$0.45
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.97
Costs to cover: 0.140%
Break-even: 9.7 days

Slippage unknown: QFEX: live order book, 4 min ago; Paradex: 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 QFEX live order book, 4 min ago	0.33 bp	7.6 bp −$8	8.0 bp −$80	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	30,459.4	−0.025%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,415.6	−0.169%	$2.0M	$3.3M	100x	as long as short
MEXC NAS100_USDT	−0.0068%	8h	30,468	+0.003%	$24.1M	$20.6M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,440	−0.089%	$264K	$375K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,489	+0.072%	$3.5M	$631K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,471.1	+0.013%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,424.3	−0.140%	$1.4M	$193K	10x	as long as short
QFEX US100-USDlong	0.0000%	1h	30,467	long leg	$1.3M	$1.3M	30x
Lighter US100	+0.0032%	1h	30,468	+0.003%	$3.9M	$93.4M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,473.7	+0.022%	$2.0M	$5.9M	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	30,766.3	+0.982%	—	$203.2M	50x	as long as short
Paradex US100-USD-PERPshort	+0.0050%	8h	30,465.6	−0.005%	—	—	5x
Polymarket Perps NAS100-USD	+0.0050%	1h	30,468	+0.003%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,471.3	+0.014%	$6.0M	$8.9M	25x	as long as short
Kraken Futures PF_US100USD	+0.1160%	1h	30,495	+0.092%	$141K	$141K	20x	as long as short