Funding you earn now, next payment 12:00 UTC+0.0332%/8h= +36.3% APRpaid last 24h +0.076%
Price spread now: Polymarket Perps against Orderly+0.027%53s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Polymarket Perps is 0.027% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% 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 | Orderly PERP_NAS100_USDC | 30,497.8 | −0.0282 | get 0.0282% / 8h | 4h 57m | $100K | $36K | 20x |
| Short | Polymarket Perps NAS100-USD | 30,506 | 0.0050 | get 0.0006% / 1h | 57m 30s | $7.2M | $1.9M | 50x |
Orderly PERP_NAS100_USDC
Polymarket Perps NAS100-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket 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
- $69.71
- Price spread: +0.027% → 0.000%
- $2.69
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $58.4
- Costs to cover
- 0.140%
- Break-even
- 1.1 days
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 5 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 Polymarket Perps live order book, 5 min ago | 0.16 bp | 4.6 bp −$5 | 4.9 bp −$49 | 5.8 bp −$584 | 12.0 bp −$6,008 |
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_USDClong | −0.0282% | 8h | 30,497.8 | long leg | $100K | $36K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,528.9 | +0.102% | $1.8M | $2.5M | 100x | as long as short |
| Kraken Futures PF_US100USD | −0.0086% | 1h | 30,506.1 | +0.027% | $140K | $69K | 20x | as long as short |
| MEXC NAS100_USDT | −0.0052% | 8h | 30,507 | +0.030% | $21.8M | $21.6M | 200x | as long as short |
| QFEX US100-USD | −0.0004% | 1h | 30,508 | +0.033% | $1.4M | $1.6M | 30x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,482 | −0.052% | $266K | $425K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,524 | +0.086% | $3.6M | $453K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,513.5 | +0.052% | $2K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,516.8 | +0.062% | $1.4M | $193K | 10x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,500 | +0.007% | $2.8M | $97.9M | 30x | as long as short |
Gate NAS100_USDT
Kraken Futures PF_US100USD
MEXC NAS100_USDT
QFEX US100-USD
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
Lighter US100Show all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TECH100m-USD | +0.0032% | 1h | 30,498.8 | +0.003% | $2.0M | $5.6M | 20x | as long as short |
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,799.8 | +0.990% | — | $206.8M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,498.9 | +0.004% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USDshort | +0.0050% | 1h | 30,506 | +0.027% | $7.2M | $1.9M | 50x | |
| Ondo Perps US100-USD.P | +0.0094% | 1h | 30,514.8 | +0.056% | $6.0M | $10.3M | 25x | as long as short |
Extended TECH100m-USD
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Ondo Perps US100-USD.P