Funding you earn now, next payment 03:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.061%
Price spread now: Ondo Perps against Orderly+0.061%7-day average +0.259% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 3 days (all we have)+0.326%+$33 · spread now +0.061%, 7d avg +0.259%
=Together, before fees+0.342%+ Points / potential airdropOndo Perps: Active · farm board+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.198% cheaper against Orderly than usual: you would sell low and buy high (spread +0.061% now, against its 7-day average of +0.259%). If the spread goes back, that is −$20 on $10k: about 42 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.016% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% 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 | Orderly PERP_NAS100_USDC | 30,570.3 | −0.0214 | get 0.0214% / 8h | 5h 50m | $102K | $38K | 20x |
| Short | Ondo Perps US100-USD.P | 30,589.1 | 0.0166 | get 0.0021% / 1h | 50m 44s | $6.0M | $8.6M | 25x |
Orderly PERP_NAS100_USDC
Ondo Perps US100-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- $79.87
- Price spread: +0.061% → +0.259%
- −$19.75
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $49.12
- Costs to cover
- 0.110%
- Break-even
- 2.7 days
Slippage unknown: Orderly: no order-book sample; Ondo Perps: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Orderly and Ondo Perps: 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 | −0.0214% | 8h | 30,570.3 | long leg | $102K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,569.8 | −0.002% | $1.8M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0095% | 8h | 30,582 | +0.038% | $23.7M | $19.3M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,548 | −0.073% | $263K | $379K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,548 | −0.073% | $3.5M | $620K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,581.9 | +0.038% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,563.9 | −0.021% | $1.4M | $177K | 10x | as long as short |
| QFEX US100-USD | +0.0004% | 1h | 30,581 | +0.035% | $1.4M | $1.1M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,575 | +0.015% | $3.9M | $93.9M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,578.2 | +0.026% | $2.2M | $5.4M | 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
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 | 30,866.9 | +0.970% | — | $193.6M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,573.9 | +0.012% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,580 | +0.032% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.Pshort | +0.0166% | 1h | 30,589.1 | +0.061% | $6.0M | $8.6M | 25x | |
| Kraken Futures PF_US100USD | +0.2811% | 1h | 30,644.1 | +0.241% | $131K | $127K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Kraken Futures PF_US100USD