Funding you earn now, next payment 05:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h +0.049%
Price spread now: Polymarket Perps against Orderly+0.040%7-day average +0.221% · 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)+0.119%+$12 · spread now +0.040%, 7d avg +0.221%
=Funding pays, the price is against you. Polymarket Perps is 0.181% cheaper against Orderly than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.221%). If the spread goes back, that is −$18 on $10k: about 2.3 days of funding at the current rate (+$8 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 0.9% 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 | 30,500.8 | −0.0212 | get 0.0212% / 8h | 3h 03m | $102K | $38K | 20x |
| Short | Polymarket Perps NAS100-USD | 30,513 | 0.0050 | get 0.0006% / 1h | 3m 18s | $7.2M | $1.9M | 50x |
Orderly PERP_NAS100_USDC
Polymarket Perps NAS100-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket 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
- $55.08
- Price spread: +0.040% → +0.221%
- −$18.11
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $22.97
- Costs to cover
- 0.140%
- Break-even
- 4.1 days
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 6 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 6 min ago | 0.16 bp | 4.3 bp −$4 | 4.8 bp −$48 | 5.5 bp −$547 | 10.1 bp −$5,034 |
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_USDClong | −0.0212% | 8h | 30,500.8 | long leg | $102K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,496.9 | −0.013% | $1.9M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0073% | 8h | 30,511 | +0.033% | $26.3M | $20.0M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,488 | −0.042% | $262K | $375K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,528 | +0.089% | $3.5M | $635K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,511.7 | +0.036% | $4K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,496.9 | −0.013% | $1.4M | $190K | 10x | as long as short |
| QFEX US100-USD | +0.0002% | 1h | 30,512 | +0.037% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,510 | +0.030% | $3.8M | $99.3M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,513.7 | +0.042% | $2.0M | $5.8M | 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 | 30,805.3 | +0.998% | — | $202.9M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,508.9 | +0.026% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USDshort | +0.0050% | 1h | 30,513 | +0.040% | $7.2M | $1.9M | 50x | |
| Ondo Perps US100-USD.P | +0.0123% | 1h | 30,525 | +0.079% | $6.0M | $8.4M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2683% | 1h | 30,537.4 | +0.120% | $137K | $137K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD