Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against OKX−0.037%53s7-day average −0.188% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.520% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.037%, 7d avg −0.188%

Together, before fees−0.147%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.152% dearer against OKX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.188%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX US100-USDT-SWAP	30,550	0	get 0.0000% / 8h	4h 07m	$263K	$380K	20x
Short	Phemex NAS100USDT	30,538.8	0	get 0.0000% / 4h	7m 20s	$1.4M	$183K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → −0.188%: $15.17
Slippage, 4 orders: −$29.96
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$36.8
Costs to cover: 0.520%
Break-even: never at this rate

Slippage from OKX: live order book, 48 min ago; Phemex: live order book, just now.

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, 48 min ago	0.16 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, just now	4.90 bp	20.9 bp −$21	doesn't fit	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	30,567.5	+0.057%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,544.7	−0.017%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0106%	8h	30,579	+0.095%	$24.8M	$19.8M	200x	as long as short
OKX US100-USDT-SWAPlong	0.0000%	8h	30,550	long leg	$263K	$380K	20x
Bitget NDX100USDT	0.0000%	8h	30,558	+0.026%	$3.5M	$633K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,579	+0.095%	$2K	$89K	10x	as long as short
Phemex NAS100USDTshort	0.0000%	4h	30,538.8	−0.037%	$1.4M	$183K	10x
QFEX US100-USD	+0.0001%	1h	30,579	+0.095%	$1.3M	$1.4M	30x	as long as short
Lighter US100	+0.0032%	1h	30,574	+0.079%	$3.8M	$96.6M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,579.2	+0.096%	$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	30,865	+1.031%	—	$199.6M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,572.9	+0.075%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,579	+0.095%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0118%	1h	30,595	+0.147%	$6.0M	$8.5M	25x	as long as short
Kraken Futures PF_US100USD	+0.2797%	1h	30,601.1	+0.167%	$131K	$129K	20x	as long as short