Funding you earn now, next payment 03:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.049%
Price spread now: Orderly against Polymarket Perps−0.029%53s7-day average −0.228% · you buy dearer than you sell
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)−0.307%−$31 · spread now −0.029%, 7d avg −0.228%
=The price spread pays, funding is against you. Orderly is 0.199% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.029% now, against its 7-day average of −0.228%): +$20 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.016% in total) that is about 3 months. 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 -0.016% in total (about -0.9% 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 | Polymarket Perps NAS100-USD | 30,570 | 0.0050 | pay 0.0006% / 1h | 48m 35s | $7.2M | $1.9M | 50x |
| Short | Orderly PERP_NAS100_USDC | 30,561.1 | −0.0214 | pay 0.0214% / 8h | 5h 48m | $102K | $38K | 20x |
Polymarket Perps NAS100-USD
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Polymarket Perps. 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
- −$55.49
- Price spread: −0.029% → −0.228%
- $19.92
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$49.57
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Polymarket Perps: live order book, 6 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 Polymarket Perps live order book, 6 min ago | 0.82 bp | 5.0 bp −$5 | 5.4 bp −$54 | 5.5 bp −$553 | 11.4 bp −$5,717 |
| 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 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_USDCshort | −0.0214% | 8h | 30,561.1 | −0.029% | $102K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,571.3 | +0.004% | $1.8M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0092% | 8h | 30,573 | +0.010% | $23.7M | $19.3M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,548 | −0.072% | $263K | $379K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,546 | −0.079% | $3.5M | $620K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,575.4 | +0.018% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,565.5 | −0.015% | $1.4M | $178K | 10x | as long as short |
| QFEX US100-USD | +0.0004% | 1h | 30,572 | +0.007% | $1.4M | $1.1M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,564 | −0.020% | $3.9M | $94.0M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,572.9 | +0.009% | $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 | 30,859.5 | +0.947% | — | $193.7M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,563.9 | −0.020% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USDlong | +0.0050% | 1h | 30,570 | long leg | $7.2M | $1.9M | 50x | |
| Ondo Perps US100-USD.P | +0.0158% | 1h | 30,589.1 | +0.062% | $6.0M | $8.6M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2811% | 1h | 30,643.3 | +0.240% | $131K | $127K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD