Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.058%

Price spread now: Gate against Extended−0.049%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$460.455% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$25 on $10k

Price spread, last 7 days+0.206%+$21 · spread now −0.049%, 7d avg +0.024%

Together, before fees−0.039%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.072% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TECH100m-USD	30,528.3	0.0032	pay 0.0004% / 1h	17m 53s	$2.0M	$5.8M	20x
Short	Gate NAS100_USDT	30,513.5	−0.0200	pay 0.0200% / 8h	3h 17m	$1.9M	$3.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now −0.049%Rate

Funding earned: −$48.72
Price spread: −0.049% → +0.024%: −$7.22
Slippage, 4 orders: −$25.53
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$101.47
Costs to cover: 0.455%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Gate: live order book, 5 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 Extended live order book, 1 min ago	1.15 bp	3.8 bp −$4	6.5 bp −$65	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.62 bp	24.7 bp −$25	57.0 bp −$570	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	30,512.1	−0.053%	$102K	$38K	20x	as long as short
Gate NAS100_USDTshort	−0.0200%	8h	30,513.5	−0.049%	$1.9M	$3.7M	100x
MEXC NAS100_USDT	−0.0064%	8h	30,526	−0.008%	$26.3M	$19.9M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,488	−0.132%	$262K	$375K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,541	+0.042%	$3.5M	$634K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,523.1	−0.017%	$4K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,513.5	−0.049%	$1.4M	$188K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,523	−0.017%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,520	−0.027%	$3.9M	$98.8M	30x	as long as short
Extended TECH100m-USDlong	+0.0032%	1h	30,528.3	long leg	$2.0M	$5.8M	20x

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	30,815.8	+0.941%	—	$202.9M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,518.9	−0.031%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,524	−0.014%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0114%	1h	30,538.5	+0.033%	$6.0M	$8.4M	25x	as long as short
Kraken Futures PF_US100USD	+0.2681%	1h	30,566.6	+0.125%	$137K	$137K	20x	as long as short