Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.028%

Price spread now: Ondo Perps against OKX+0.246%7-day average +0.017% · you sell dearer than you buy

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

Long on OKX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.306%−$31 · spread now +0.246%, 7d avg +0.017%

Together, before fees−0.253%+ Points / potential airdropOndo Perps: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Ondo Perps is 0.228% dearer against OKX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX US100-USDT-SWAP	30,463	0	get 0.0000% / 8h	2h 07m	$262K	$372K	20x
Short	Ondo Perps US100-USD.P	30,537.9	0.0098	get 0.0012% / 1h	7m 59s	$6.1M	$8.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.246%Rate

Funding earned: $20.66
Price spread: +0.246% → +0.017%: $22.84
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $28.5
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: OKX: live order book, 38 min ago; Ondo Perps: 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 OKX live order book, 38 min ago	0.33 bp	8.7 bp −$9	15.5 bp −$155	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0264%	8h	30,518.4	+0.182%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,460.7	−0.008%	$1.9M	$3.6M	100x	as long as short
MEXC NAS100_USDT	−0.0068%	8h	30,531	+0.223%	$23.8M	$20.6M	200x	as long as short
OKX US100-USDT-SWAPlong	0.0000%	8h	30,463	long leg	$262K	$372K	20x
Bitget NDX100USDT	0.0000%	8h	30,515	+0.171%	$3.5M	$636K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,529	+0.217%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,443.6	−0.064%	$1.4M	$192K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,530	+0.220%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,524	+0.200%	$4.0M	$98.2M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,530.6	+0.222%	$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	30,822	+1.178%	—	$203.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,523.9	+0.200%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,531	+0.223%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.Pshort	+0.0098%	1h	30,537.9	+0.246%	$6.1M	$8.6M	25x
Kraken Futures PF_US100USD	+0.1694%	1h	30,510.1	+0.155%	$137K	$137K	20x	as long as short