Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: QFEX against OKX+0.108%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.108%, 7d avg −0.024%

Together, before fees−0.183%−$18 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: QFEX is 0.132% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX US100-USDT-SWAP	30,548	0	get 0.0000% / 8h	5h 50m	$263K	$379K	20x
Short	QFEX US100-USD	30,581	0.0004	get 0.0000% / 1h	50m 47s	$1.4M	$1.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0.82
Price spread: +0.108% → −0.024%: $13.24
Slippage, 4 orders: −$10.05
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$15.99
Costs to cover: 0.301%
Break-even: 143.0 days

Slippage from OKX: live order book, 10 min ago; QFEX: live order book, 1 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, 10 min ago	1.64 bp	7.2 bp −$7	16.8 bp −$168	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	0.82 bp	8.7 bp −$9	8.8 bp −$88	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	−0.0214%	8h	30,570.3	+0.073%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,536.4	−0.038%	$1.8M	$3.6M	100x	as long as short
MEXC NAS100_USDT	−0.0094%	8h	30,583	+0.115%	$23.7M	$19.3M	200x	as long as short
OKX US100-USDT-SWAPlong	0.0000%	8h	30,548	long leg	$263K	$379K	20x
Bitget NDX100USDT	0.0000%	8h	30,548	0.000%	$3.5M	$620K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,581.9	+0.111%	$3K	$89K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,563.9	+0.052%	$1.4M	$177K	10x	as long as short
QFEX US100-USDshort	+0.0004%	1h	30,581	+0.108%	$1.4M	$1.1M	30x
Lighter US100	+0.0032%	1h	30,578	+0.098%	$3.9M	$93.9M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,581.6	+0.110%	$2.2M	$5.4M	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	30,866.9	+1.044%	—	$193.6M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,575.9	+0.091%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,580	+0.105%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0174%	1h	30,590.4	+0.139%	$6.0M	$8.6M	25x	as long as short
Kraken Futures PF_US100USD	+0.2811%	1h	30,644.1	+0.315%	$131K	$127K	20x	as long as short