Funding you earn now, next payment 07:00 UTC−0.0309%/8h= −33.8% APRpaid last 24h −0.043%
Price spread now: Orderly against Lighter+0.001%7-day average −0.210% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.293%+$29 on $10k
+Price spread, last 4 days (all we have)−0.221%−$22 · spread now +0.001%, 7d avg −0.210%
=Together, before fees+0.072%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.211% dearer against Lighter than usual: you sell high and buy low (spread +0.001% now, against its 7-day average of −0.210%): +$21 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.293%, 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 | Lighter US100 | 30,484 | 0.0032 | pay 0.0004% / 1h | 54m 32s | $4.0M | $95.6M | 30x |
| Short | Orderly PERP_NAS100_USDC | 30,484.2 | −0.0277 | pay 0.0277% / 8h | 1h 54m | $101K | $38K | 20x |
Lighter US100
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Lighter. 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
- −$64.92
- Price spread: +0.001% → −0.210%
- $21.06
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$49.86
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 5 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 Lighter live order book, 5 min ago | 0.33 bp | 0.3 bp $0 | 0.3 bp −$3 | 5.8 bp −$582 | 227.8 bp −$113.9K |
| 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 | −0.0277% | 8h | 30,484.2 | +0.001% | $101K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,457 | −0.089% | $1.9M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0068% | 8h | 30,488 | +0.013% | $24.2M | $20.3M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,460 | −0.079% | $263K | $373K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,523 | +0.128% | $3.5M | $633K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,494.4 | +0.034% | $4K | $91K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,470 | −0.046% | $1.4M | $192K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,487 | +0.010% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100long | +0.0032% | 1h | 30,484 | long leg | $4.0M | $95.6M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,485.9 | +0.006% | $2.0M | $5.9M | 20x | as long as short |
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
QFEX US100-USD
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 | 30,781.8 | +0.977% | — | $202.8M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,484.9 | +0.003% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,486 | +0.007% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0053% | 1h | 30,503.9 | +0.065% | $6.1M | $8.7M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1148% | 1h | 30,510.4 | +0.087% | $137K | $137K | 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