Funding you earn now, next payment 00:00 UTC−0.0218%/8h= −23.8% APRpaid last 24h −0.004%
Price spread now: Orderly against QFEX−0.036%7-day average −0.228% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.061%+$6 on $10k
+Price spread, last 3 days (all we have)−0.197%−$20 · spread now −0.036%, 7d avg −0.228%
=The price spread pays, funding is against you. Orderly is 0.192% dearer against QFEX than usual: you sell high and buy low (spread −0.036% now, against its 7-day average of −0.228%): +$19 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.9 days. Mind the row above: over the last 3 days funding on this pair paid +0.061%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.061% in total (about 6.5% 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 | QFEX US100-USD | 30,546 | 0.0001 | pay 0.0000% / 1h | 12m 51s | $1.4M | $1.0M | 30x |
| Short | Orderly PERP_NAS100_USDC | 30,535.1 | −0.0217 | pay 0.0217% / 8h | 12m 51s | $102K | $38K | 20x |
QFEX US100-USD
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against QFEX. 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
- −$45.73
- Price spread: −0.036% → −0.228%
- $19.23
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$42.51
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: QFEX: live order book, 4 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 QFEX live order book, 4 min ago | 0.49 bp | 7.1 bp −$7 | 7.3 bp −$73 | doesn't fit | doesn't fit |
| 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 | −0.0217% | 8h | 30,535.1 | −0.036% | $102K | $38K | 20x | |
| MEXC NAS100_USDT | −0.0113% | 8h | 30,549 | +0.010% | $22.8M | $19.7M | 200x | as long as short |
| Gate NAS100_USDT | −0.0066% | 8h | 30,502 | −0.144% | $1.8M | $3.6M | 100x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,509 | −0.121% | $260K | $357K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,538 | −0.026% | $3.5M | $669K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,547 | +0.003% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,464.6 | −0.266% | $1.4M | $176K | 10x | as long as short |
| QFEX US100-USDlong | +0.0001% | 1h | 30,546 | long leg | $1.4M | $1.0M | 30x | |
| Lighter US100 | +0.0032% | 1h | 30,541 | −0.016% | $3.8M | $93.8M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,551.5 | +0.018% | $2.1M | $5.5M | 20x | as long as short |
MEXC NAS100_USDT
Gate NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
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 | 30,831.1 | +0.933% | — | $194.1M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,539.9 | −0.020% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,547 | +0.003% | $7.2M | $1.8M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0214% | 1h | 30,567.7 | +0.071% | $6.0M | $8.8M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1978% | 1h | 30,612.1 | +0.217% | $124K | $122K | 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