Funding you earn now, next payment 08:00 UTC−0.0262%/8h= −28.7% APRnext payment −$2.62 per $10,000 · paid last 24h −0.034%
Price spread now: Orderly against OKX+0.200%7-day average −0.230% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 4 days (all we have)−0.485%−$49 · spread now +0.200%, 7d avg −0.230%
=The price spread pays, funding is against you. Orderly is 0.429% dearer against OKX than usual: you sell high and buy low (spread +0.200% now, against its 7-day average of −0.230%): +$43 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 5.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.62 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 | OKX US100-USDT-SWAP | 30,463 | 0 | get 0.0000% / 8h | 2h 10m | $262K | $372K | 20x |
| Short | Orderly PERP_NAS100_USDC | 30,523.8 | −0.0262 | pay 0.0262% / 8h | 2h 10m | $102K | $38K | 20x |
OKX US100-USDT-SWAP
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against OKX. 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
- −$55.1
- Price spread: +0.200% → −0.230%
- $42.91
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$28.19
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 35 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 OKX live order book, 35 min ago | 0.33 bp | 8.7 bp −$9 | 15.5 bp −$155 | 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 | −0.0262% | 8h | 30,523.8 | +0.200% | $102K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,462.8 | −0.001% | $1.9M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0076% | 8h | 30,530 | +0.220% | $24.2M | $20.5M | 200x | as long as short |
| OKX US100-USDT-SWAPlong | 0.0000% | 8h | 30,463 | long leg | $262K | $372K | 20x | |
| Bitget NDX100USDT | 0.0000% | 8h | 30,515 | +0.171% | $3.5M | $636K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,530 | +0.220% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,443.5 | −0.064% | $1.4M | $192K | 10x | as long as short |
| QFEX US100-USD | +0.0002% | 1h | 30,529 | +0.217% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,526 | +0.207% | $4.1M | $97.9M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,528.2 | +0.214% | $2.0M | $5.9M | 20x | as long as short |
Gate NAS100_USDT
MEXC NAS100_USDT
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 | 30,824.4 | +1.186% | — | $203.1M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,524.9 | +0.203% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,531 | +0.223% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0098% | 1h | 30,535.9 | +0.239% | $6.1M | $8.6M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1694% | 1h | 30,511.9 | +0.160% | $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