Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.050%

Price spread now: QFEX against Gate+0.226%7-day average −0.036% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.189%+$19 on $10k

Price spread, last 7 days−0.365%−$36 · spread now +0.226%, 7d avg −0.036%

Together, before fees−0.176%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and QFEX is 0.262% dearer against Gate than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NAS100_USDT	30,518.9	−0.0200	get 0.0200% / 8h	4h 36m	$1.9M	$3.7M	100x
Short	QFEX US100-USD	30,588	0.0001	get 0.0000% / 1h	36m 06s	$1.3M	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now +0.226%Rate

Funding earned: $42.24
Price spread: +0.226% → −0.036%: $26.22
Slippage, 4 orders: −$24.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: $18.77
Costs to cover: 0.497%
Break-even: 3.9 days

Slippage from Gate: live order book, 2 min ago; QFEX: live order book, 10 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 Gate live order book, 2 min ago	3.34 bp	26.1 bp −$26	55.0 bp −$550	doesn't fit	doesn't fit
Sell QFEX live order book, 10 min ago	0.82 bp	6.8 bp −$7	6.8 bp −$68	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	30,575.1	+0.184%	$102K	$38K	20x	as long as short
Gate NAS100_USDTlong	−0.0200%	8h	30,518.9	long leg	$1.9M	$3.7M	100x
MEXC NAS100_USDT	−0.0105%	8h	30,588	+0.226%	$24.8M	$19.7M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,555	+0.118%	$262K	$381K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,556	+0.121%	$3.5M	$633K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,589.6	+0.232%	$3K	$89K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,503.1	−0.052%	$1.4M	$182K	10x	as long as short
QFEX US100-USDshort	+0.0001%	1h	30,588	+0.226%	$1.3M	$1.3M	30x
Lighter US100	+0.0032%	1h	30,582	+0.207%	$3.9M	$95.4M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,588.2	+0.227%	$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	30,877.5	+1.175%	—	$198.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,581.9	+0.206%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,588	+0.226%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0129%	1h	30,599.1	+0.263%	$6.0M	$8.5M	25x	as long as short
Kraken Futures PF_US100USD	+0.2793%	1h	30,654	+0.443%	$131K	$127K	20x	as long as short