Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against OKX+0.039%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.039%, 7d avg −0.002%

Together, before fees−0.088%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.041% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX US100-USDT-SWAP	30,508	0	get 0.0000% / 8h	5h 43m	$267K	$427K	20x
Short	Polymarket Perps NAS100-USD	30,520	0.0050	get 0.0006% / 1h	43m 28s	$7.2M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.039%Rate

Funding earned: $10.5
Price spread: +0.039% → −0.002%: $4.14
Slippage, 4 orders: −$3.73
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$7.09
Costs to cover: 0.217%
Break-even: 11.7 days

Slippage from OKX: live order book, 65 min ago; Polymarket Perps: live order book, 4 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, 65 min ago	1.31 bp	6.3 bp −$6	13.0 bp −$130	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	0.16 bp	4.2 bp −$4	5.0 bp −$50	6.0 bp −$604	doesn't fit

NAS100 on 15 exchanges

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	−0.0280%	8h	30,514.1	+0.020%	$100K	$36K	20x	as long as short
Kraken Futures PF_US100USD	−0.0234%	1h	30,482.1	−0.085%	$140K	$69K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,513.8	+0.019%	$1.8M	$2.6M	100x	as long as short
MEXC NAS100_USDT	−0.0052%	8h	30,527	+0.062%	$21.5M	$21.7M	200x	as long as short
OKX US100-USDT-SWAPlong	0.0000%	8h	30,508	long leg	$267K	$427K	20x
Bitget NDX100USDT	0.0000%	8h	30,538	+0.098%	$3.6M	$560K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,527	+0.062%	$2K	$89K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,513.8	+0.019%	$1.4M	$194K	10x	as long as short
QFEX US100-USD	+0.0003%	1h	30,526	+0.059%	$1.4M	$1.6M	30x	as long as short
Lighter US100	+0.0032%	1h	30,519	+0.036%	$3.1M	$99.3M	30x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TECH100m-USD	+0.0032%	1h	30,521.4	+0.044%	$2.1M	$5.5M	20x	as long as short
Vest NDX-USD-PERP	+0.0046%	1h	30,815.6	+1.008%	—	$209.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,518.3	+0.034%	—	—	5x	as long as short
Polymarket Perps NAS100-USDshort	+0.0050%	1h	30,520	+0.039%	$7.2M	$1.9M	50x
Ondo Perps US100-USD.P	+0.0066%	1h	30,529	+0.069%	$6.0M	$10.3M	25x	as long as short