COT positioning
Long65.9%
Short34.1%
Net position42,873
Increasing Bearish
Index
Nasdaq 100 Index perpetual futures
NDX perpetual futures on 11 crypto exchanges – live perp price vs the underlying, funding rate, open interest and where to trade NDXUSDT.
Nasdaq 100 Index tracked across crypto venues with normalized contract specifications.
27,557-0.3%
Price chart
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Use the left and right arrow keys to inspect points on the chart.
venue perp mark · Hyperliquid HIP-3 (xyz:XYZ100)
Auto: highest-volume live perp venue
Trading data
Perpetual market activity
12/13 live markets
Trading data
Perpetual market activity
Venues
11
Live markets
12/13
24h volume
$206.6MCoverage: 9/12 marketsExchange-reported volume: $209.8M
Open interest
$344.4MCoverage: 11/12 markets
Best liquidity
$6.7M
Ondo Perps
Tightest spread
+0.4 bps
Hyperliquid HIP-3
Highest volume
$193.1M
Hyperliquid HIP-3
Settlement mix
USDT · 7/13
Perp/spot vol.
-
Venue matrix
13 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Hyperliquid HIP-3 | Trade | xyz:XYZ100 | Trading | 27,561 | -36.3% APR -0.00415% every 1h | +0.4 bps | - | $193.1M | $319.4M | USDC | 30x | |
 Ondo Perps | Trade | US100/USD | Trading | 27,557 | - | +2.4 bps | $6.7M | $9.6M | $5.1M | USDC | 25x | |
 MEXC | Trade | NAS100/USDT | Trading | 27,659 | +21.9% APR +0.020% every 8h | +2.9 bps | $455.8K | $1.8M | $14.9M | USDT | 200x | |
 OKX | Trade | US100/USDT | Trading | 27,590 | +17.8% APR +0.016% every 8h | +7.6 bps | $204.8K | $953.2K | $725.6K | USDT | 20x | |
 Gate.io | Trade | NAS100/USDT | Trading | 27,626 | -8.4% APR -0.00770% every 8h | +11.3 bps | $1.3M | $376.3K | $1M | USDT | 100x | |
 Orderly Network | Trade | NAS100/USDC | Trading | 27,564 | +11.0% APR +0.010% every 8h | - | no public depth feed | $364.6K | $35.6K | USDC | - | |
 Bitget | Trade | NDX100/USDT | Trading | 27,622 | 0.0% APR 0.000% every 8h | +2.5 bps | $130.6K | $232.7K | $2.4M | USDT | 50x | |
| MEXC | Trade | NAS100/USD1 | Trading | 27,568 | -35.0% APR -0.00400% every 1h | +14.2 bps | $310K | $102K | $567.9K | USD1 | 50x | |
 Paradex | Trade | US100/USD | Trading | 27,563 | -6.8% APR -0.00624% every 8h | +14,285.7 bps | $0 | $0 | $18K | USDC | 5x | |
 Vest | Trade | NDX/USDC | Trading | 27,825 | +5.0% APR +0.00057% every 1h | +38.9 bps | - | - | - | USDC | 50x | |
 XT.com | Trade | NAS100/USDT | Market closed · last quote Nov 13, 21:59 UTC | - | - | - | - | - | - | USDT | 500x | |
 Ourbit | Trade | NAS100/USDT | Trading | 27,620 | +21.9% APR +0.020% every 8h | +2.5 bps | $3.2M | $2.1M⚠ | $159K | USDT | 200x | |
 LBank | Trade | NAS100/USDT | Trading | 27,643 | +21.9% APR +0.020% every 8h | +6.5 bps | $5.6M | $1.1M⚠ | $32.5K | USDT | 50x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kAdequate liquidity · 7 of 11 venues absorb $10k · Typical cost: +8.4 bps – +11.3 bps
Cheapest execution: Ondo Perps · +3.8 bps
No fresh book data: Hyperliquid HIP-3, Orderly Network, Paradex, Vest
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
NDXTightest spread
NDXHighest volume
NDXFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
No unusual perp activity right now.
Reference data
Market context
Reference data
Market context
Bullish
Index composition
101 constituentsTechnology41.6%
Industrials14.9%
Consumer Cyclical10.9%
Healthcare9.9%
Communication Services7.9%
Macro calendar
12UpdatedEventPreviousEstimateActual
USD · NY Empire State Manufacturing Index (Nov)25.517.6-
USD · Retail Sales YoY (Oct)6.3 %6.5 %-
USD · Retail Sales Ex Gas/Autos MoM (Oct)0.2 %0.3 %-
USD · Retail Sales Ex Autos MoM (Oct)0.9 %0.4 %-
USD · Retail Sales MoM (Oct)0.8 %0.2 %-
USD · Retail Sales Control Group MoM (Oct)0.1 %0.1 %-
USD · Building Permits (Oct)1.4 M1.38 M-
USD · Housing Starts (Oct)1.22 M1.23 M-
USD · FOMC Minutes---
USD · Jobless Claims 4-Week Average (Nov/14)195.25 K192 K-
USD · Initial Jobless Claims (Nov/14)200 K200 K-
USD · Continuing Jobless Claims (Nov/07)1,6971,725-
Frequently asked questions
Where can I trade NDX perpetual futures?
Nasdaq 100 Index (NDX) perpetual futures trade on 11 crypto venues, including Hyperliquid HIP-3, Ondo Perps, Ourbit. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade NDX around the clock?
Yes. Unlike the underlying stock, NDX perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on NDX perpetuals?
Right now the NDX perp funding rate is -7.2% annualized (venue median), ranging from -36.3% to +21.9% across 11 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
What is a NDX perpetual future?
A NDX perpetual is a derivative that tracks the price of Nasdaq 100 Index with no expiry date. It lets you take long or short exposure to Nasdaq 100 Index on crypto venues, around the clock.
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