Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h —

Price spread now: Lighter against Paradex+0.002%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Lighter

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 airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex US100-USD-PERP	30,518.3	0.0050	pay 0.0050% / 8h	5h 43m	—	—	5x
Short	Lighter US100	30,519	0.0032	get 0.0004% / 1h	43m 16s	$3.1M	$99.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Paradex. 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 ParadexbpFee LighterbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$3.78
Price spread: +0.002% → 0.000%: $0.23
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$7.55
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 9 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter live order book, 9 min ago	0.16 bp	0.5 bp $0	0.7 bp −$7	10.6 bp −$1,062	235.3 bp −$117.7K

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 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	−0.014%	$100K	$36K	20x	as long as short
Kraken Futures PF_US100USD	−0.0234%	1h	30,481.7	−0.120%	$140K	$69K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,513.8	−0.015%	$1.8M	$2.6M	100x	as long as short
MEXC NAS100_USDT	−0.0052%	8h	30,526	+0.025%	$21.5M	$21.7M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,508	−0.034%	$267K	$427K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,537	+0.061%	$3.6M	$560K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,527	+0.029%	$2K	$89K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,513.8	−0.015%	$1.4M	$194K	10x	as long as short
QFEX US100-USD	+0.0003%	1h	30,526	+0.025%	$1.4M	$1.6M	30x	as long as short
Lighter US100short	+0.0032%	1h	30,519	+0.002%	$3.1M	$99.3M	30x

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	+0.010%	$2.1M	$5.5M	20x	as long as short
Vest NDX-USD-PERP	+0.0046%	1h	30,815.6	+0.974%	—	$209.1M	50x	as long as short
Paradex US100-USD-PERPlong	+0.0050%	8h	30,518.3	long leg	—	—	5x
Polymarket Perps NAS100-USD	+0.0050%	1h	30,520	+0.006%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0066%	1h	30,529	+0.035%	$6.0M	$10.3M	25x	as long as short