Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.049%

Price spread now: Gate against Phemex0.000%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$750.752% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now 0.000%, 7d avg +0.069%

Together, before fees−0.167%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.069% cheaper against Phemex than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NAS100USDT	30,513.5	0	get 0.0000% / 4h	3h 14m	$1.4M	$189K	10x
Short	Gate NAS100_USDT	30,513.5	−0.0200	pay 0.0200% / 8h	3h 14m	$1.9M	$3.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$42
Price spread: 0.000% → +0.069%: −$6.92
Slippage, 4 orders: −$48.24
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$124.16
Costs to cover: 0.752%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Gate: 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 Phemex live order book, 3 min ago	3.31 bp	22.9 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.70 bp	21.2 bp −$21	56.9 bp −$569	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	30,520.7	+0.024%	$102K	$38K	20x	as long as short
Gate NAS100_USDTshort	−0.0200%	8h	30,513.5	0.000%	$1.9M	$3.7M	100x
MEXC NAS100_USDT	−0.0068%	8h	30,529	+0.051%	$26.3M	$20.0M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,488	−0.083%	$262K	$375K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,541	+0.090%	$3.5M	$634K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,533.6	+0.066%	$4K	$90K	10x	as long as short
Phemex NAS100USDTlong	0.0000%	4h	30,513.5	long leg	$1.4M	$189K	10x
QFEX US100-USD	+0.0002%	1h	30,533	+0.064%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,522	+0.028%	$3.8M	$98.9M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,531.2	+0.058%	$2.0M	$5.8M	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	30,825.1	+1.021%	—	$202.9M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,521.9	+0.028%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,534	+0.067%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0116%	1h	30,538.5	+0.082%	$6.0M	$8.4M	25x	as long as short
Kraken Futures PF_US100USD	+0.2681%	1h	30,568.3	+0.180%	$137K	$137K	20x	as long as short