Funding you earn now, next payment 16:00 UTC+0.0282%/8h= +30.9% APRnext payment +$2.82 per $10,000 · paid last 24h +0.061%
Price spread now: OKX against Orderly−0.115%7-day average +0.221% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.498%+$50 · spread now −0.115%, 7d avg +0.221%
=Funding pays, the price is against you. OKX is 0.337% cheaper against Orderly than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of +0.221%). If the spread goes back, that is −$34 on $10k: about 4.0 days of funding at the current rate (+$8 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.82 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 | Orderly PERP_NAS100_USDC | 30,407 | −0.0282 | get 0.0282% / 8h | 7h 34m | $100K | $39K | 20x |
| Short | OKX US100-USDT-SWAP | 30,372 | 0 | get 0.0000% / 8h | 7h 34m | $265K | $388K | 20x |
Orderly PERP_NAS100_USDC
OKX US100-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Orderly. 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
- $59.29
- Price spread: −0.115% → +0.221%
- −$33.65
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $9.64
- Costs to cover
- 0.160%
- Break-even
- 5.9 days
Slippage unknown: Orderly: no order-book sample; OKX: live order book, 61 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 61 min ago | 0.16 bp | 5.2 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
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_USDClong | −0.0282% | 8h | 30,407 | long leg | $100K | $39K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,391.4 | −0.051% | $1.9M | $3.2M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0060% | 8h | 30,408 | +0.003% | $22.1M | $21.7M | 200x | as long as short |
| OKX US100-USDT-SWAPshort | 0.0000% | 8h | 30,372 | −0.115% | $265K | $388K | 20x | |
| Bitget NDX100USDT | 0.0000% | 8h | 30,433 | +0.086% | $3.5M | $572K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,406.8 | −0.001% | $4K | $91K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,395.9 | −0.037% | $1.4M | $191K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,408 | +0.003% | $1.2M | $1.5M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,406 | −0.003% | $3.8M | $95.2M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,408 | +0.003% | $1.9M | $5.2M | 20x | as long as short |
Gate NAS100_USDT
MEXC NAS100_USDT
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 | 30,701.8 | +0.969% | — | $206.3M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,405.9 | −0.004% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,408 | +0.003% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,408.7 | +0.006% | $6.0M | $9.3M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.0340% | 1h | 30,440.5 | +0.110% | $141K | $128K | 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