Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.044%

Price spread now: Polymarket Perps against MEXC+0.007%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$100.097% of the position

Long on MEXC Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 7 days+0.029%+$3 · spread now +0.007%, 7d avg +0.037%

Together, before fees+0.102%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.030% cheaper against MEXC than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.037%). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.073% in total) that is about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NAS100_USDT	30,516	−0.0075	get 0.0075% / 8h	3h 04m	$26.3M	$20.0M	200x
Short	Polymarket Perps NAS100-USD	30,518	0.0050	get 0.0006% / 1h	4m 02s	$7.2M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against MEXC. 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 MEXCbpFee Polymarket PerpsbpOrdersPrice spread, now +0.007%Rate

Funding earned: $26.25
Price spread: +0.007% → +0.037%: −$3.05
Slippage, 4 orders: −$1.72
Fee MEXC: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $13.49
Costs to cover: 0.097%
Break-even: 3.4 days

Slippage from MEXC: live order book, 5 min ago; Polymarket Perps: 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 MEXC live order book, 5 min ago	0.16 bp	0.2 bp $0	0.8 bp −$8	26.6 bp −$2,656	119.2 bp −$59.6K
Sell Polymarket Perps live order book, 5 min ago	0.16 bp	4.3 bp −$4	4.8 bp −$48	5.5 bp −$547	10.1 bp −$5,034

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	30,505.5	−0.034%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,497.8	−0.060%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDTlong	−0.0075%	8h	30,516	long leg	$26.3M	$20.0M	200x
OKX US100-USDT-SWAP	0.0000%	8h	30,488	−0.092%	$262K	$375K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,531	+0.049%	$3.5M	$635K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,513	−0.010%	$4K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,496.9	−0.063%	$1.4M	$190K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,516	0.000%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,514	−0.007%	$3.8M	$99.3M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,517.9	+0.006%	$2.0M	$5.8M	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	30,811	+0.967%	—	$202.9M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,510.9	−0.017%	—	—	5x	as long as short
Polymarket Perps NAS100-USDshort	+0.0050%	1h	30,518	+0.007%	$7.2M	$1.9M	50x
Ondo Perps US100-USD.P	+0.0123%	1h	30,528.3	+0.040%	$6.0M	$8.4M	25x	as long as short
Kraken Futures PF_US100USD	+0.2683%	1h	30,539.1	+0.076%	$137K	$137K	20x	as long as short