Funding you earn now, next payment 05:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.043%
Price spread now: Orderly against Extended−0.041%7-day average −0.219% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)−0.125%−$13 · spread now −0.041%, 7d avg −0.219%
=Together, before fees−0.100%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.178% dearer against Extended than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.219%): +$18 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.3% 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 | Extended TECH100m-USD | 30,539.1 | 0.0032 | pay 0.0004% / 1h | 40m 05s | $2.0M | $5.8M | 20x |
| Short | Orderly PERP_NAS100_USDC | 30,526.7 | −0.0212 | pay 0.0212% / 8h | 3h 40m | $102K | $38K | 20x |
Extended TECH100m-USD
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Extended. 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
- −$51.3
- Price spread: −0.041% → −0.219%
- $17.81
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$44.49
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Extended: live order book, 4 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 Extended live order book, 4 min ago | 0.82 bp | 3.4 bp −$3 | 5.6 bp −$56 | doesn't fit | doesn't fit |
| 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 | −0.0212% | 8h | 30,526.7 | −0.041% | $102K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,507.7 | −0.103% | $1.9M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0071% | 8h | 30,537 | −0.007% | $25.6M | $19.7M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,512 | −0.089% | $263K | $374K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,560 | +0.068% | $3.5M | $633K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,539.2 | 0.000% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,503.1 | −0.118% | $1.4M | $183K | 10x | as long as short |
| QFEX US100-USD | +0.0002% | 1h | 30,538 | −0.004% | $1.3M | $1.5M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,533 | −0.020% | $3.9M | $97.0M | 30x | as long as short |
| Extended TECH100m-USDlong | +0.0032% | 1h | 30,539.1 | long leg | $2.0M | $5.8M | 20x |
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
QFEX US100-USD
Lighter US100Show all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,829.8 | +0.952% | — | $202.7M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,535.9 | −0.011% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,540 | +0.003% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0114% | 1h | 30,557.8 | +0.061% | $6.0M | $8.4M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2681% | 1h | 30,567.7 | +0.094% | $137K | $136K | 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