Funding you earn now, next payment 10:00 UTC−0.0311%/8h= −34.0% APRpaid last 24h −0.070%
Price spread now: Orderly against Lighter−0.031%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+0.268%+$27 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Orderly is 0.031% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.268%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US100 | 30,516 | 0.0032 | pay 0.0004% / 1h | 4m 31s | $3.6M | $99.8M | 30x |
| Short | Orderly PERP_NAS100_USDC | 30,506.6 | −0.0279 | pay 0.0279% / 8h | 6h 04m | $100K | $38K | 20x |
Lighter US100
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Lighter. 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
- −$65.21
- Price spread: −0.031% → 0.000%
- −$3.08
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$74.29
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 8 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 Lighter live order book, 8 min ago | 0.49 bp | 0.5 bp $0 | 0.7 bp −$7 | 5.3 bp −$533 | 216.2 bp −$108.1K |
| 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 | −0.0279% | 8h | 30,506.6 | −0.031% | $100K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,493.8 | −0.073% | $1.8M | $2.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0068% | 8h | 30,521 | +0.016% | $21.4M | $22.2M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,495 | −0.069% | $268K | $418K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,533 | +0.056% | $3.6M | $554K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,520 | +0.013% | $2K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,493.8 | −0.073% | $1.4M | $193K | 10x | as long as short |
| QFEX US100-USD | +0.0003% | 1h | 30,517 | +0.003% | $1.4M | $1.6M | 30x | as long as short |
| Lighter US100long | +0.0032% | 1h | 30,516 | long leg | $3.6M | $99.8M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,517.2 | +0.004% | $2.1M | $5.5M | 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
Extended TECH100m-USDShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,810 | +0.963% | — | $209.2M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,513.9 | −0.007% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,516 | 0.000% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,519.1 | +0.010% | $6.0M | $10.2M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.0809% | 1h | 30,480.9 | −0.115% | $140K | $92K | 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