Funding you earn now, next payment 05:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h −0.035%
Price spread now: Orderly against QFEX−0.034%7-day average −0.216% · you buy dearer than you sell
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%
=The price spread pays, funding is against you. Orderly is 0.181% dearer against QFEX than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.216%): +$18 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.8 days.
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 | QFEX US100-USD | 30,516 | 0.0002 | pay 0.0000% / 1h | 4m 08s | $1.3M | $1.3M | 30x |
| Short | Orderly PERP_NAS100_USDC | 30,505.5 | −0.0212 | pay 0.0212% / 8h | 3h 04m | $102K | $38K | 20x |
QFEX US100-USD
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against QFEX. 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 QFEX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$42.74
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: QFEX: live order book, 2 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 QFEX live order book, 2 min ago | 0.82 bp | 6.5 bp −$6 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| 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 | −0.0212% | 8h | 30,505.5 | −0.034% | $102K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,496.9 | −0.063% | $1.9M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0075% | 8h | 30,516 | 0.000% | $26.3M | $20.0M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,488 | −0.092% | $262K | $375K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,531 | +0.049% | $3.5M | $635K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,513 | −0.010% | $4K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,496.9 | −0.063% | $1.4M | $190K | 10x | as long as short |
| QFEX US100-USDlong | +0.0002% | 1h | 30,516 | long leg | $1.3M | $1.3M | 30x | |
| Lighter US100 | +0.0032% | 1h | 30,514 | −0.007% | $3.8M | $99.3M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,517.9 | +0.006% | $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 | +0.967% | — | $202.9M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,510.9 | −0.017% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,518 | +0.007% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0123% | 1h | 30,528.3 | +0.040% | $6.0M | $8.4M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2683% | 1h | 30,539.1 | +0.076% | $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