Funding you earn now, next payment 06:00 UTC−0.0309%/8h= −33.8% APRpaid last 24h −0.047%
Price spread now: Orderly against Vest−0.998%7-day average −1.271% · 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)−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.217%−$22 · spread now −0.998%, 7d avg −1.271%
=Together, before fees−0.227%+ Points / potential airdropVest: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.273% dearer against Vest than usual: you sell high and buy low (spread −0.998% now, against its 7-day average of −1.271%): +$27 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 3 days (−0.010% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.010% in total (about -1.0% 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 | Vest NDX-USD-PERP | 30,830 | 0.0046 | pay 0.0006% / 1h | 9m 13s | — | $203.1M | 50x |
| Short | Orderly PERP_NAS100_USDC | 30,522.2 | −0.0263 | pay 0.0263% / 8h | 2h 09m | $102K | $38K | 20x |
Vest NDX-USD-PERP
Orderly PERP_NAS100_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Vest. 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
- −$64.88
- Price spread: −0.998% → −1.271%
- $27.28
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$45.6
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Vest and 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 | −0.0263% | 8h | 30,522.2 | −0.998% | $102K | $38K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,459.2 | −1.203% | $1.9M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0073% | 8h | 30,531 | −0.970% | $23.8M | $20.6M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,463 | −1.190% | $262K | $372K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,515 | −1.022% | $3.5M | $636K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,537 | −0.950% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,443.6 | −1.253% | $1.4M | $192K | 10x | as long as short |
| QFEX US100-USD | +0.0002% | 1h | 30,538 | −0.947% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,523 | −0.996% | $4.0M | $98.1M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,532.4 | −0.965% | $2.0M | $5.9M | 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-PERPlong | +0.0046% | 1h | 30,830 | long leg | — | $203.1M | 50x | |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,536.9 | −0.951% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,539 | −0.944% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0099% | 1h | 30,551.9 | −0.902% | $6.1M | $8.6M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1694% | 1h | 30,511.9 | −1.032% | $137K | $137K | 20x | as long as short |
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD