Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0079%/8h= −8.6% APRpaid last 24h —

Price spread now: Paradex against Ondo Perps−0.083%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Paradex is 0.083% cheaper against Ondo Perps than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps US100-USD.P	30,604.2	0.0129	pay 0.0016% / 1h	34m 05s	$6.0M	$8.5M	25x
Short	Paradex US100-USD-PERP	30,578.9	0.0050	get 0.0050% / 8h	4h 34m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Ondo Perps. 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 Ondo PerpsbpFee ParadexbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$16.55
Price spread: −0.083% → 0.000%: −$8.29
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$33.84
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Paradex: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Ondo Perps and Paradex: 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	−0.0212%	8h	30,574.2	−0.098%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,528.8	−0.246%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0100%	8h	30,587	−0.056%	$24.8M	$19.7M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,555	−0.161%	$262K	$381K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,556	−0.158%	$3.5M	$633K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,587	−0.056%	$3K	$89K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,523.5	−0.264%	$1.4M	$184K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,587	−0.056%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,582	−0.073%	$3.9M	$95.4M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,587.3	−0.055%	$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	30,875.9	+0.888%	—	$198.1M	50x	as long as short
Paradex US100-USD-PERPshort	+0.0050%	8h	30,578.9	−0.083%	—	—	5x
Polymarket Perps NAS100-USD	+0.0050%	1h	30,586	−0.060%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.Plong	+0.0129%	1h	30,604.2	long leg	$6.0M	$8.5M	25x
Kraken Futures PF_US100USD	+0.2793%	1h	30,653.8	+0.162%	$131K	$127K	20x	as long as short