Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h −0.044%

Price spread now: MEXC against Polymarket Perps−0.010%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

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

costs, in and out, $10k−$100.097% of the position

Long on Polymarket Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 7 days−0.026%−$3 · spread now −0.010%, 7d avg −0.037%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.027% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.037%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.073% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NAS100-USD	30,518	0.0050	pay 0.0006% / 1h	4m 23s	$7.2M	$1.9M	50x
Short	MEXC NAS100_USDT	30,515	−0.0075	pay 0.0075% / 8h	3h 04m	$26.3M	$20.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Polymarket 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 Polymarket PerpsbpFee MEXCbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$26.25
Price spread: −0.010% → −0.037%: $2.72
Slippage, 4 orders: −$1.72
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$33.25
Costs to cover: 0.097%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; MEXC: 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 Polymarket Perps live order book, 5 min ago	0.16 bp	5.1 bp −$5	5.5 bp −$55	6.4 bp −$637	12.2 bp −$6,076
Sell MEXC live order book, 4 min ago	0.16 bp	0.2 bp $0	0.7 bp −$7	23.7 bp −$2,373	116.3 bp −$58.2K

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	30,505.5	−0.041%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,496.9	−0.069%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDTshort	−0.0075%	8h	30,515	−0.010%	$26.3M	$20.0M	200x
OKX US100-USDT-SWAP	0.0000%	8h	30,488	−0.098%	$262K	$375K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,531	+0.043%	$3.5M	$635K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,513	−0.016%	$4K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,501.7	−0.053%	$1.4M	$190K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,516	−0.007%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,511	−0.023%	$3.9M	$99.2M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,517.6	−0.001%	$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	30,811	+0.960%	—	$202.9M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,510.9	−0.023%	—	—	5x	as long as short
Polymarket Perps NAS100-USDlong	+0.0050%	1h	30,518	long leg	$7.2M	$1.9M	50x
Ondo Perps US100-USD.P	+0.0123%	1h	30,528.3	+0.034%	$6.0M	$8.4M	25x	as long as short
Kraken Futures PF_US100USD	+0.2683%	1h	30,540	+0.072%	$137K	$137K	20x	as long as short