Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h —

Price spread now: Paradex against Phemex+0.054%7-day average — · you sell dearer than you buy

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

Long on Phemex 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 airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.054% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NAS100USDT	30,545.2	0	get 0.0000% / 4h	1h 24m	$1.4M	$175K	10x
Short	Paradex US100-USD-PERP	30,561.9	0.0050	get 0.0050% / 8h	5h 24m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.054%Rate

Funding earned: $10.5
Price spread: +0.054% → 0.000%: $5.44
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$0.06
Costs to cover: 0.160%
Break-even: 7.0 days

Slippage unknown: Phemex: live order book, 3 min ago; 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 Phemex live order book, 3 min ago	3.08 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	30,554.9	+0.032%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,548.1	+0.009%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0089%	8h	30,567	+0.071%	$24.2M	$19.5M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,549	+0.012%	$263K	$379K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,551	+0.019%	$3.5M	$621K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,568	+0.075%	$3K	$89K	10x	as long as short
Phemex NAS100USDTlong	0.0000%	4h	30,545.2	long leg	$1.4M	$175K	10x
QFEX US100-USD	+0.0004%	1h	30,565	+0.065%	$1.3M	$1.1M	30x	as long as short
Lighter US100	+0.0032%	1h	30,563	+0.058%	$3.9M	$95.4M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,567.6	+0.073%	$2.2M	$5.3M	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	30,860.9	+1.033%	—	$194.4M	50x	as long as short
Paradex US100-USD-PERPshort	+0.0050%	8h	30,561.9	+0.054%	—	—	5x
Polymarket Perps NAS100-USD	+0.0050%	1h	30,567	+0.071%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0130%	1h	30,580	+0.114%	$6.0M	$8.5M	25x	as long as short
Kraken Futures PF_US100USD	+0.2811%	1h	30,644.2	+0.324%	$131K	$127K	20x	as long as short