Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.001%

Price spread now: Bitget against QFEX+0.043%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.026%+$3 on $10k

Price spread, last 7 days+0.017%+$2 · spread now +0.043%, 7d avg +0.080%

Together, before fees+0.043%+$4 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: Bitget is 0.037% cheaper against QFEX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX US100-USD	30,528	0.0002	pay 0.0000% / 1h	17m 18s	$1.3M	$1.3M	30x
Short	Bitget NDX100USDT	30,541	0	get 0.0000% / 8h	3h 17m	$3.5M	$634K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$0.34
Price spread: +0.043% → +0.080%: −$3.69
Slippage, 4 orders: −$28.66
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$54.69
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Bitget: live order book, 1 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 QFEX live order book, 4 min ago	0.82 bp	6.8 bp −$7	6.9 bp −$69	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.95 bp	13.3 bp −$13	13.5 bp −$135	18.1 bp −$1,812	67.1 bp −$33.6K

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	30,522.4	−0.018%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,513.5	−0.048%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0064%	8h	30,534	+0.020%	$26.3M	$19.9M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,488	−0.131%	$262K	$375K	20x	as long as short
Bitget NDX100USDTshort	0.0000%	8h	30,541	+0.043%	$3.5M	$634K	50x
Bullet US100-USD	0.0000%	1h	30,532	+0.013%	$4K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,513.5	−0.048%	$1.4M	$188K	10x	as long as short
QFEX US100-USDlong	+0.0002%	1h	30,528	long leg	$1.3M	$1.3M	30x
Lighter US100	+0.0032%	1h	30,531	+0.010%	$3.9M	$98.9M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,536	+0.026%	$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	30,824.5	+0.971%	—	$202.9M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,526.9	−0.004%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,533	+0.016%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0115%	1h	30,538.5	+0.034%	$6.0M	$8.4M	25x	as long as short
Kraken Futures PF_US100USD	+0.2680%	1h	30,569.2	+0.135%	$137K	$137K	20x	as long as short