Funding you earn now, next payment 05:00 UTC−0.0258%/8h= −28.2% APRpaid last 24h −0.047%
Price spread now: Orderly against Vest−0.981%7-day average −1.275% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.144%−$14 · spread now −0.981%, 7d avg −1.275%
=Together, before fees−0.153%+ Points / potential airdropVest: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.294% dearer against Vest than usual: you sell high and buy low (spread −0.981% now, against its 7-day average of −1.275%): +$29 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 3 days (−0.009% in total) that is about 4 months.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.009% in total (about -1.0% 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 | Vest NDX-USD-PERP | 30,820.5 | 0.0046 | pay 0.0006% / 1h | 18m 43s | — | $202.9M | 50x |
| Short | Orderly PERP_NAS100_USDC | 30,518.3 | −0.0212 | pay 0.0212% / 8h | 3h 18m | $102K | $38K | 20x |
Vest NDX-USD-PERP
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Vest. 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
- −$54.17
- Price spread: −0.981% → −1.275%
- $29.41
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$32.76
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Vest: 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 Vest no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Vest 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 | −0.0212% | 8h | 30,518.3 | −0.981% | $102K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,513.5 | −0.996% | $1.9M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0064% | 8h | 30,524 | −0.962% | $26.3M | $19.9M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,488 | −1.079% | $262K | $375K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,541 | −0.907% | $3.5M | $634K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,528 | −0.949% | $4K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,516.7 | −0.986% | $1.4M | $188K | 10x | as long as short |
| QFEX US100-USD | +0.0002% | 1h | 30,527 | −0.952% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,520 | −0.975% | $3.9M | $98.8M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,524.7 | −0.960% | $2.0M | $5.8M | 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-PERPlong | +0.0046% | 1h | 30,820.5 | long leg | — | $202.9M | 50x | |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,518.9 | −0.979% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,530 | −0.943% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0114% | 1h | 30,538.5 | −0.915% | $6.0M | $8.4M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2681% | 1h | 30,567 | −0.822% | $137K | $137K | 20x | as long as short |
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD