Funding you earn now, next payment 11:00 UTC−0.0313%/8h= −34.3% APRpaid last 24h −0.070%
Price spread now: Orderly against Extended−0.037%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Orderly is 0.037% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TECH100m-USD | 30,508.4 | 0.0032 | pay 0.0004% / 1h | 26m 46s | $2.1M | $5.6M | 20x |
| Short | Orderly PERP_NAS100_USDC | 30,497 | −0.0281 | pay 0.0281% / 8h | 5h 26m | $100K | $36K | 20x |
Extended TECH100m-USD
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Extended. 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
- −$65.7
- Price spread: −0.037% → 0.000%
- −$3.75
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$80.45
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Extended: 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 Extended live order book, 5 min ago | 0.16 bp | 2.8 bp −$3 | 6.4 bp −$64 | 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 exchanges
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 | −0.0281% | 8h | 30,497 | −0.037% | $100K | $36K | 20x | |
| Kraken Futures PF_US100USD | −0.0233% | 1h | 30,502.3 | −0.020% | $140K | $69K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,501.4 | −0.023% | $1.8M | $2.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0060% | 8h | 30,513 | +0.015% | $22.2M | $21.8M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,489 | −0.064% | $266K | $426K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,533 | +0.081% | $3.6M | $550K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,513.5 | +0.017% | $2K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,501.4 | −0.023% | $1.4M | $194K | 10x | as long as short |
| QFEX US100-USD | +0.0003% | 1h | 30,511 | +0.008% | $1.4M | $1.6M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,507 | −0.005% | $2.9M | $100.5M | 30x | as long as short |
Kraken Futures PF_US100USD
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
QFEX US100-USD
Lighter US100Show all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TECH100m-USDlong | +0.0032% | 1h | 30,508.4 | long leg | $2.1M | $5.6M | 20x | |
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,802.3 | +0.963% | — | $209.3M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,506.1 | −0.008% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,510 | +0.005% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0080% | 1h | 30,518.5 | +0.033% | $6.0M | $10.4M | 25x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P