Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0048%/8h= +5.2% APRpaid last 24h —

Price spread now: Paradex against QFEX−0.004%7-day average — · you buy dearer than you sell

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

Long on QFEX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX US100-USD	30,538	0.0002	pay 0.0000% / 1h	8m 54s	$1.3M	$1.3M	30x
Short	Paradex US100-USD-PERP	30,536.9	0.0050	get 0.0050% / 8h	2h 08m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.004%Rate

Funding earned: $10.05
Price spread: −0.004% → 0.000%: −$0.37
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$4.33
Costs to cover: 0.140%
Break-even: 10.0 days

Slippage unknown: QFEX: live order book, 2 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 QFEX live order book, 2 min ago	0.65 bp	8.6 bp −$9	9.0 bp −$90	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	−0.0263%	8h	30,522.2	−0.052%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,460.3	−0.255%	$1.9M	$3.6M	100x	as long as short
MEXC NAS100_USDT	−0.0073%	8h	30,530	−0.026%	$23.8M	$20.6M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,463	−0.246%	$262K	$372K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,515	−0.075%	$3.5M	$636K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,537	−0.003%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,443.6	−0.309%	$1.4M	$192K	10x	as long as short
QFEX US100-USDlong	+0.0002%	1h	30,538	long leg	$1.3M	$1.3M	30x
Lighter US100	+0.0032%	1h	30,523	−0.049%	$4.0M	$98.1M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,530.5	−0.025%	$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	30,830	+0.956%	—	$203.1M	50x	as long as short
Paradex US100-USD-PERPshort	+0.0050%	8h	30,536.9	−0.004%	—	—	5x
Polymarket Perps NAS100-USD	+0.0050%	1h	30,539	+0.003%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0099%	1h	30,551.9	+0.046%	$6.1M	$8.6M	25x	as long as short
Kraken Futures PF_US100USD	+0.1694%	1h	30,511.9	−0.086%	$137K	$137K	20x	as long as short