Funding you earn now, next payment 02:00 UTC−0.0265%/8h= −29.0% APRpaid last 24h −0.049%
Price spread now: Orderly against Polymarket Perps−0.027%7-day average −0.228% · 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 3 days (all we have)−0.309%−$31 · spread now −0.027%, 7d avg −0.228%
=The price spread pays, funding is against you. Orderly is 0.201% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.228%): +$20 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.5 days. 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 | Polymarket Perps NAS100-USD | 30,588 | 0.0050 | pay 0.0006% / 1h | 13m 41s | $7.2M | $1.9M | 50x |
| Short | Orderly PERP_NAS100_USDC | 30,579.7 | −0.0215 | pay 0.0215% / 8h | 6h 13m | $102K | $38K | 20x |
Polymarket Perps NAS100-USD
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Polymarket 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
- −$55.64
- Price spread: −0.027% → −0.228%
- $20.12
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$49.52
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Polymarket Perps: live order book, 5 min ago; 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 Polymarket Perps live order book, 5 min ago | 0.16 bp | 5.1 bp −$5 | 5.6 bp −$56 | 6.0 bp −$596 | 11.7 bp −$5,848 |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 | −0.0215% | 8h | 30,579.7 | −0.027% | $102K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,560 | −0.092% | $1.8M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0095% | 8h | 30,588 | 0.000% | $23.7M | $19.8M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,562 | −0.085% | $263K | $379K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,554 | −0.111% | $3.5M | $620K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,589 | +0.003% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,579.2 | −0.029% | $1.4M | $175K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,589 | +0.003% | $1.4M | $1.1M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,582 | −0.020% | $3.9M | $94.8M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,585.5 | −0.008% | $2.2M | $5.6M | 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 | 30,871.8 | +0.928% | — | $193.3M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,579.9 | −0.027% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USDlong | +0.0050% | 1h | 30,588 | long leg | $7.2M | $1.9M | 50x | |
| Ondo Perps US100-USD.P | +0.0222% | 1h | 30,603.9 | +0.052% | $6.0M | $8.6M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2428% | 1h | 30,644.1 | +0.183% | $128K | $124K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD