Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.15 per $10,000 · paid last 24h +0.015%
Price spread now: Orderly against Gate+0.106%7-day average −0.125% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.271%+$27 on $10k
+Price spread, last 3 days (all we have)−0.312%−$31 · spread now +0.106%, 7d avg −0.125%
=The price spread pays, funding is against you. Orderly is 0.231% dearer against Gate than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of −0.125%): +$23 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 52 days. Mind the row above: over the last 7 days funding on this pair paid +0.271%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NAS100_USDT | 30,532 | −0.0200 | get 0.0200% / 8h | 6h 00m | $1.8M | $3.7M | 100x |
| Short | Orderly PERP_NAS100_USDC | 30,564.4 | −0.0215 | pay 0.0215% / 8h | 6h 00m | $102K | $38K | 20x |
Gate NAS100_USDT
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.1
- Price spread: +0.106% → −0.125%
- $23.14
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$0.95
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 3 min ago; Orderly: 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 Gate live order book, 3 min ago | 4.52 bp | 20.7 bp −$21 | 110.1 bp −$1,101 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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_USDCshort | −0.0215% | 8h | 30,564.4 | +0.106% | $102K | $38K | 20x | |
| Gate NAS100_USDTlong | −0.0200% | 8h | 30,532 | long leg | $1.8M | $3.7M | 100x | |
| MEXC NAS100_USDT | −0.0094% | 8h | 30,578 | +0.151% | $23.7M | $19.8M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,554 | +0.072% | $263K | $380K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,548 | +0.052% | $3.5M | $620K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,574.8 | +0.140% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,532.4 | +0.001% | $1.4M | $177K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,579 | +0.154% | $1.4M | $1.1M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,572 | +0.131% | $3.9M | $96.1M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,577.9 | +0.150% | $2.2M | $5.4M | 20x | as long as short |
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
QFEX US100-USD
Lighter US100
Extended TECH100m-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,861.4 | +1.079% | — | $193.5M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,571.9 | +0.130% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,578 | +0.151% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0222% | 1h | 30,602.8 | +0.232% | $6.0M | $8.5M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2428% | 1h | 30,644.7 | +0.369% | $128K | $124K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD