Funding you earn now, next payment 03:00 UTC+0.0343%/8h= +37.5% APRpaid last 24h +0.061%
Price spread now: Ondo Perps against Orderly+0.063%7-day average +0.257% · you sell dearer than you buy
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
Funding pays, the price is against you. Ondo Perps is 0.193% cheaper against Orderly than usual: you would sell low and buy high (spread +0.063% now, against its 7-day average of +0.257%). If the spread goes back, that is −$19 on $10k: about 45 hours of funding at the current rate (+$10 a day). 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 | Orderly PERP_NAS100_USDC | 30,556.8 | −0.0212 | get 0.0212% / 8h | 5h 25m | $102K | $38K | 20x |
| Short | Ondo Perps US100-USD.P | 30,576.2 | 0.0130 | get 0.0016% / 1h | 25m 39s | $6.0M | $8.5M | 25x |
Orderly PERP_NAS100_USDC
Ondo Perps US100-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Orderly. 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 Orderly: 3 bp × 2 orders
- −$6
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $41.62
- Costs to cover
- 0.110%
- Break-even
- 2.9 days
Slippage unknown: Orderly: no order-book sample; Ondo Perps: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Orderly and 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_USDClong | −0.0212% | 8h | 30,556.8 | long leg | $102K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,548.1 | −0.028% | $1.9M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0090% | 8h | 30,567 | +0.033% | $24.2M | $19.5M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,549 | −0.026% | $263K | $379K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,547 | −0.032% | $3.5M | $621K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,570 | +0.043% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,548.1 | −0.028% | $1.4M | $175K | 10x | as long as short |
| QFEX US100-USD | +0.0004% | 1h | 30,562 | +0.017% | $1.4M | $1.1M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,562 | +0.017% | $3.9M | $95.3M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,567.7 | +0.036% | $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 | 30,862.3 | +1.000% | — | $194.2M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,561.9 | +0.017% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,570 | +0.043% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.Pshort | +0.0130% | 1h | 30,576.2 | +0.063% | $6.0M | $8.5M | 25x | |
| Kraken Futures PF_US100USD | +0.2811% | 1h | 30,644.9 | +0.288% | $131K | $127K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Kraken Futures PF_US100USD