Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1160%/8h= +127.0% APRpaid last 24h +0.664%

Price spread now: Kraken Futures against OKX+0.181%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs+$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$650.647% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.734%+$273 on $10k

Price spread, last 4 days (all we have)−0.690%−$69 · spread now +0.181%, 7d avg +0.035%

Together, before fees+2.044%+$204 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Kraken Futures is 0.146% dearer against OKX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX US100-USDT-SWAP	30,440	0	get 0.0000% / 8h	57m 09s	$264K	$375K	20x
Short	Kraken Futures PF_US100USD	30,495	0.1160	get 0.0145% / 1h	57m 09s	$141K	$141K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.181%Rate

Funding earned: $243.64
Price spread: +0.181% → +0.035%: $14.56
Slippage, 4 orders: −$44.73
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $193.47
Costs to cover: 0.647%
Break-even: 1.4 days

Slippage from OKX: live order book, 43 min ago; Kraken Futures: live order book, 45 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 OKX live order book, 43 min ago	0.16 bp	5.2 bp −$5	13.9 bp −$139	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 45 min ago	19.18 bp	24.2 bp −$24	51.5 bp −$515	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	−0.0282%	8h	30,458.9	+0.062%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,415.3	−0.081%	$2.0M	$3.3M	100x	as long as short
MEXC NAS100_USDT	−0.0068%	8h	30,470	+0.099%	$24.1M	$20.6M	200x	as long as short
OKX US100-USDT-SWAPlong	0.0000%	8h	30,440	long leg	$264K	$375K	20x
Bitget NDX100USDT	0.0000%	8h	30,488	+0.158%	$3.5M	$631K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,471.1	+0.102%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,426.3	−0.045%	$1.4M	$193K	10x	as long as short
QFEX US100-USD	0.0000%	1h	30,467	+0.089%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,466	+0.085%	$3.9M	$93.4M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,472.1	+0.105%	$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	+1.072%	—	$203.2M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,465.6	+0.084%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,468	+0.092%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,471.3	+0.103%	$6.0M	$8.9M	25x	as long as short
Kraken Futures PF_US100USDshort	+0.1160%	1h	30,495	+0.181%	$141K	$141K	20x