Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Phemex+0.052%7-day average +0.181% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$660.661% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now +0.052%, 7d avg +0.181%

Together, before fees+0.197%+$20 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: OKX is 0.129% cheaper against Phemex than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.181%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NAS100USDT	30,424.3	0	get 0.0000% / 4h	57m 27s	$1.4M	$193K	10x
Short	OKX US100-USDT-SWAP	30,440	0	get 0.0000% / 8h	57m 27s	$264K	$375K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.181%: −$12.94
Slippage, 4 orders: −$44.12
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$79.07
Costs to cover: 0.661%
Break-even: never at this rate

Slippage from Phemex: live order book, just now; OKX: live order book, 43 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, just now	12.04 bp	28.9 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 43 min ago	0.16 bp	7.1 bp −$7	doesn't fit	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	−0.0282%	8h	30,459.4	+0.115%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,415.6	−0.029%	$2.0M	$3.3M	100x	as long as short
MEXC NAS100_USDT	−0.0068%	8h	30,468	+0.144%	$24.1M	$20.6M	200x	as long as short
OKX US100-USDT-SWAPshort	0.0000%	8h	30,440	+0.052%	$264K	$375K	20x
Bitget NDX100USDT	0.0000%	8h	30,489	+0.213%	$3.5M	$631K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,471.1	+0.154%	$4K	$91K	10x	as long as short
Phemex NAS100USDTlong	0.0000%	4h	30,424.3	long leg	$1.4M	$193K	10x
QFEX US100-USD	0.0000%	1h	30,467	+0.140%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,468	+0.144%	$3.9M	$93.4M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,473.7	+0.162%	$2.0M	$5.9M	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	30,766.3	+1.124%	—	$203.2M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,465.6	+0.136%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,468	+0.144%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,471.3	+0.155%	$6.0M	$8.9M	25x	as long as short
Kraken Futures PF_US100USD	+0.1160%	1h	30,495	+0.232%	$141K	$141K	20x	as long as short