NASDAQ 100 (NDX) funding rates

NASDAQ 100 (NDX) perpetual funding is currently quoted across 10 venues, ranging from +0.0% to +26.4% APR. The most reliable delta-neutral pairing for NASDAQ 100 (NDX) right now is long Lighter / short Kraken at +3.3% net APR (high risk, ~5.4d to break even).

as of 2026-10-27 21:44 UTC
Best delta-neutral pairing
Long Lighter / Short Kraken
+3.3% net APR
Backtested (30d)
+45.9%
Stability
65%
Risk
high
Breakeven
~5.4d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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NDX funding by exchange

ExchangeFunding APR
Kraken+26.36%
Paradex+6.38%
Ondo+5.52%
PopDEX+5.52%
TradeXYZ+5.48%
Polymarket+5.47%
SoDEX+5.47%
Lighter+3.50%
Extended+3.50%
QFEX+0.00%

Frequently asked

What is the NDX funding rate right now?

NASDAQ 100 (NDX) perpetual funding ranges from 0.00% to 26.36% APR across 10 exchanges we track; the widest delta-neutral spread is long Lighter / short Kraken at 3.3% net APR.

Which exchange has the highest NDX funding rate?

Kraken currently has the highest at 26.36% APR. See the full ranking above.