Funding you earn now, next payment 03:00 UTC−0.0343%/8h= −37.5% APRpaid last 24h −0.061%
Price spread now: Orderly against Ondo Perps−0.063%7-day average −0.257% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.063%, 7d avg −0.257%
=Together, before fees+0.105%+ Points / potential airdropOndo Perps: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.193% dearer against Ondo Perps than usual: you sell high and buy low (spread −0.063% now, against its 7-day average of −0.257%): +$19 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.016% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.8% 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 | Ondo Perps US100-USD.P | 30,576.2 | 0.0130 | pay 0.0016% / 1h | 25m 31s | $6.0M | $8.5M | 25x |
| Short | Orderly PERP_NAS100_USDC | 30,556.8 | −0.0212 | pay 0.0212% / 8h | 5h 25m | $102K | $38K | 20x |
Ondo Perps US100-USD.P
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$71.94
- Price spread: −0.063% → −0.257%
- $19.32
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$63.62
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Ondo Perps 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 | 30,556.8 | −0.063% | $102K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,548.1 | −0.092% | $1.9M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0090% | 8h | 30,566 | −0.033% | $24.2M | $19.5M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,549 | −0.089% | $263K | $379K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,547 | −0.095% | $3.5M | $621K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,566.4 | −0.032% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,548.1 | −0.092% | $1.4M | $175K | 10x | as long as short |
| QFEX US100-USD | +0.0004% | 1h | 30,562 | −0.046% | $1.4M | $1.1M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,562 | −0.046% | $3.9M | $95.3M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,567.7 | −0.028% | $2.2M | $5.3M | 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-PERP | +0.0046% | 1h | 30,858.5 | +0.923% | — | $194.3M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,561.9 | −0.047% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,566 | −0.033% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.Plong | +0.0130% | 1h | 30,576.2 | long leg | $6.0M | $8.5M | 25x | |
| Kraken Futures PF_US100USD | +0.2811% | 1h | 30,644.9 | +0.225% | $131K | $127K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Kraken Futures PF_US100USD