Funding you earn now, next payment 07:00 UTC−0.0333%/8h= −36.5% APRpaid last 24h −0.063%
Price spread now: Orderly against Ondo Perps−0.057%7-day average −0.248% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.290%−$29 · spread now −0.057%, 7d avg −0.248%
=Together, before fees−0.308%+ Points / potential airdropOndo Perps: Active · farm board−$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.191% dearer against Ondo Perps than usual: you sell high and buy low (spread −0.057% now, against its 7-day average of −0.248%): +$19 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.018% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -0.9% a year). A funding rate is set anew for every payment. 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 | Ondo Perps US100-USD.P | 30,480 | 0.0050 | pay 0.0006% / 1h | 41m 04s | $6.0M | $8.8M | 25x |
| Short | Orderly PERP_NAS100_USDC | 30,462.6 | −0.0283 | pay 0.0283% / 8h | 1h 41m | $101K | $38K | 20x |
Ondo Perps US100-USD.P
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Ondo Perps. 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
- −$69.92
- Price spread: −0.057% → −0.248%
- $19.12
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$61.8
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Ondo Perps and 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 | −0.057% | $101K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,437.2 | −0.140% | $2.0M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0070% | 8h | 30,475 | −0.016% | $24.3M | $20.4M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,450 | −0.098% | $263K | $373K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,516 | +0.118% | $3.5M | $602K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,476 | −0.013% | $4K | $91K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,429.9 | −0.164% | $1.4M | $192K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,475 | −0.016% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,472 | −0.026% | $4.0M | $96.2M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,477.6 | −0.008% | $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
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 | +0.956% | — | $202.8M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,472.9 | −0.023% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,476 | −0.013% | $7.2M | $2.0M | 50x | as long as short |
| Ondo Perps US100-USD.Plong | +0.0050% | 1h | 30,480 | long leg | $6.0M | $8.8M | 25x | |
| Kraken Futures PF_US100USD | +0.1148% | 1h | 30,505.7 | +0.084% | $137K | $137K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Kraken Futures PF_US100USD