Funding you earn now, next payment 05:00 UTC+0.0214%/8h= +23.4% APRpaid last 24h +0.035%
Price spread now: QFEX against Orderly+0.034%7-day average +0.216% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.034%, 7d avg +0.216%
=Funding pays, the price is against you. QFEX is 0.181% cheaper against Orderly than usual: you would sell low and buy high (spread +0.034% now, against its 7-day average of +0.216%). If the spread goes back, that is −$18 on $10k: about 2.8 days of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.039% in total (about -4.0% 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 | 30,505.5 | −0.0212 | get 0.0212% / 8h | 3h 04m | $102K | $38K | 20x |
| Short | QFEX US100-USD | 30,516 | 0.0002 | get 0.0000% / 1h | 4m 21s | $1.3M | $1.3M | 30x |
Orderly PERP_NAS100_USDC
QFEX US100-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $44.89
- Price spread: +0.034% → +0.216%
- −$18.15
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $10.74
- Costs to cover
- 0.160%
- Break-even
- 5.3 days
Slippage unknown: Orderly: no order-book sample; QFEX: live order book, 2 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 QFEX live order book, 2 min ago | 0.82 bp | 5.8 bp −$6 | 5.8 bp −$58 | doesn't fit | doesn't fit |
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 | 30,505.5 | long leg | $102K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,496.9 | −0.028% | $1.9M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0075% | 8h | 30,515 | +0.031% | $26.3M | $20.0M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,488 | −0.057% | $262K | $375K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,531 | +0.084% | $3.5M | $635K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,513 | +0.025% | $4K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,501.7 | −0.013% | $1.4M | $190K | 10x | as long as short |
| QFEX US100-USDshort | +0.0002% | 1h | 30,516 | +0.034% | $1.3M | $1.3M | 30x | |
| Lighter US100 | +0.0032% | 1h | 30,511 | +0.018% | $3.9M | $99.2M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,517.6 | +0.040% | $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
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 | 30,811 | +1.001% | — | $202.9M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,510.9 | +0.018% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,518 | +0.041% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0123% | 1h | 30,528.3 | +0.075% | $6.0M | $8.4M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2683% | 1h | 30,540 | +0.113% | $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