Funding you earn now, next payment 08:00 UTC−0.0223%/8h= −24.5% APRnext payment −$2.23 per $10,000 · paid last 24h −0.034%
Price spread now: Orderly against Bitget−0.100%7-day average −0.257% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)−0.205%−$21 · spread now −0.100%, 7d avg −0.257%
=The price spread pays, funding is against you. Orderly is 0.157% dearer against Bitget than usual: you sell high and buy low (spread −0.100% now, against its 7-day average of −0.257%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.049% in total) that is about 23 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.23 per $10,000. 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 | Bitget NDX100USDT | 30,527 | 0 | get 0.0000% / 8h | 2h 47m | $3.5M | $635K | 50x |
| Short | Orderly PERP_NAS100_USDC | 30,496.5 | −0.0223 | pay 0.0223% / 8h | 2h 47m | $102K | $38K | 20x |
Bitget NDX100USDT
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bitget. 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
- −$46.94
- Price spread: −0.100% → −0.257%
- $15.7
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$49.23
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bitget: 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 Bitget live order book, 5 min ago | 4.92 bp | 28.8 bp −$29 | 33.4 bp −$334 | 48.3 bp −$4,827 | 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 | −0.0223% | 8h | 30,496.5 | −0.100% | $102K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,491.8 | −0.115% | $1.9M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0067% | 8h | 30,506 | −0.069% | $26.4M | $20.1M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,488 | −0.128% | $262K | $374K | 20x | as long as short |
| Bitget NDX100USDTlong | 0.0000% | 8h | 30,527 | long leg | $3.5M | $635K | 50x | |
| Bullet US100-USD | 0.0000% | 1h | 30,509.9 | −0.056% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,488.7 | −0.125% | $1.4M | $191K | 10x | as long as short |
| QFEX US100-USD | +0.0002% | 1h | 30,510 | −0.056% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,502 | −0.082% | $3.8M | $95.4M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,506.8 | −0.066% | $2.0M | $5.8M | 20x | as long as short |
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
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 | 30,802.5 | +0.902% | — | $203.0M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,500.9 | −0.086% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,510 | −0.056% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0098% | 1h | 30,519.4 | −0.025% | $6.0M | $8.4M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1693% | 1h | 30,533.9 | +0.023% | $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