Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.017%
Price spread now: Lighter against Ondo Perps−0.073%7-day average −0.047% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 7 days−0.037%−$4 · spread now −0.073%, 7d avg −0.047%
=Together, before fees−0.346%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board−$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.026% cheaper against Ondo Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps US100-USD.P | 30,604.2 | 0.0128 | pay 0.0016% / 1h | 33m 37s | $6.0M | $8.5M | 25x |
| Short | Lighter US100 | 30,582 | 0.0032 | get 0.0004% / 1h | 33m 37s | $3.9M | $95.4M | 30x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$20.16
- Price spread: −0.073% → −0.047%
- −$2.58
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$27.74
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 10 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 10 min ago | 0.33 bp | 0.3 bp $0 | 0.6 bp −$6 | 4.5 bp −$446 | 207.1 bp −$103.5K |
Ondo Perps: 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_USDC | −0.0212% | 8h | 30,574.2 | −0.098% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,531 | −0.239% | $1.9M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0100% | 8h | 30,587 | −0.056% | $24.8M | $19.7M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,555 | −0.161% | $262K | $381K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,556 | −0.158% | $3.5M | $633K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,587 | −0.056% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,523.5 | −0.264% | $1.4M | $184K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,586 | −0.060% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100short | +0.0032% | 1h | 30,582 | −0.073% | $3.9M | $95.4M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,587.9 | −0.053% | $2.0M | $5.7M | 20x | as long as short |
Show all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,875.9 | +0.888% | — | $198.1M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,581.9 | −0.073% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,586 | −0.060% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.Plong | +0.0128% | 1h | 30,604.2 | long leg | $6.0M | $8.5M | 25x | |
| Kraken Futures PF_US100USD | +0.2793% | 1h | 30,653.8 | +0.162% | $131K | $127K | 20x | as long as short |
Lighter US100
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
Extended TECH100m-USD
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Kraken Futures PF_US100USD