Funding you earn now, next payment 23:00 UTC+0.0268%/8h= +29.3% APRpaid last 24h +0.017%
Price spread now: Polymarket Perps against Orderly+0.042%7-day average +0.236% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 3 days (all we have)+0.118%+$12 · spread now +0.042%, 7d avg +0.236%
=Funding pays, the price is against you. Polymarket Perps is 0.194% cheaper against Orderly than usual: you would sell low and buy high (spread +0.042% now, against its 7-day average of +0.236%). If the spread goes back, that is −$19 on $10k: about 2.4 days of funding at the current rate (+$8 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% 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 | Orderly PERP_NAS100_USDC | 30,509.3 | −0.0218 | get 0.0218% / 8h | 1h 07m | $102K | $38K | 20x |
| Short | Polymarket Perps NAS100-USD | 30,522 | 0.0050 | get 0.0006% / 1h | 7m 37s | $6.1M | $675K | 50x |
Orderly PERP_NAS100_USDC
Polymarket Perps NAS100-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Orderly. 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
- $56.24
- Price spread: +0.042% → +0.236%
- −$19.45
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $22.79
- Costs to cover
- 0.140%
- Break-even
- 4.2 days
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 1 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 1 min ago | 0.16 bp | 4.4 bp −$4 | 5.6 bp −$56 | 6.5 bp −$646 | 12.2 bp −$6,081 |
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_USDClong | −0.0218% | 8h | 30,509.3 | long leg | $102K | $38K | 20x | |
| MEXC NAS100_USDT | −0.0104% | 8h | 30,518 | +0.029% | $22.7M | $20.1M | 200x | as long as short |
| Gate NAS100_USDT | −0.0003% | 8h | 30,472.6 | −0.120% | $1.8M | $3.6M | 100x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,478 | −0.103% | $259K | $356K | 20x | as long as short |
| QFEX US100-USD | 0.0000% | 1h | 30,517 | +0.025% | $1.4M | $1.0M | 30x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,499 | −0.034% | $3.5M | $669K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,520.9 | +0.038% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,472.2 | −0.122% | $1.4M | $172K | 10x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,512 | +0.009% | $4.0M | $93.2M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,516 | +0.022% | $2.1M | $5.5M | 20x | as long as short |
MEXC NAS100_USDT
Gate NAS100_USDT
OKX US100-USDT-SWAP
QFEX US100-USD
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
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 | 30,805.9 | +0.972% | — | $194.4M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,509.9 | +0.002% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USDshort | +0.0050% | 1h | 30,522 | +0.042% | $6.1M | $675K | 50x | |
| Ondo Perps US100-USD.P | +0.0164% | 1h | 30,526.8 | +0.057% | $6.0M | $8.9M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2665% | 1h | 30,560.7 | +0.168% | $124K | $122K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD