Funding you earn now, next payment 08:00 UTC−0.0214%/8h= −23.4% APRnext payment −$2.14 per $10,000 · paid last 24h −0.005%
Price spread now: Orderly against MEXC−0.034%7-day average −0.184% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)−0.212%−$21 · spread now −0.034%, 7d avg −0.184%
=The price spread pays, funding is against you. Orderly is 0.150% dearer against MEXC than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.184%): +$15 on $10k if it goes back. Holding the pair costs −$6 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 +0.056%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.056% in total (about 2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC NAS100_USDT | 30,473 | −0.0069 | get 0.0069% / 8h | 1h 40m | $24.3M | $20.4M | 200x |
| Short | Orderly PERP_NAS100_USDC | 30,462.6 | −0.0283 | pay 0.0283% / 8h | 1h 40m | $101K | $38K | 20x |
MEXC NAS100_USDT
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against MEXC. 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
- −$44.84
- Price spread: −0.034% → −0.184%
- $14.98
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$35.86
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: MEXC: 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 MEXC live order book, 3 min ago | 0.16 bp | 0.2 bp $0 | 0.9 bp −$9 | 28.7 bp −$2,868 | 120.3 bp −$60.1K |
| 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 | −0.0283% | 8h | 30,462.6 | −0.034% | $101K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,435.4 | −0.123% | $2.0M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDTlong | −0.0069% | 8h | 30,473 | long leg | $24.3M | $20.4M | 200x | |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,450 | −0.075% | $263K | $373K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,515 | +0.138% | $3.5M | $602K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,476 | +0.010% | $4K | $91K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,429.9 | −0.141% | $1.4M | $192K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,474 | +0.003% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,471 | −0.007% | $4.0M | $96.4M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,476.2 | +0.010% | $2.0M | $5.9M | 20x | as long as short |
Gate 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 | 30,771.5 | +0.980% | — | $202.8M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,470.9 | −0.007% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,476 | +0.010% | $7.2M | $2.0M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,480 | +0.023% | $6.0M | $8.8M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1148% | 1h | 30,505.7 | +0.107% | $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