NDX perps: where to trade Nasdaq-100 perpetual futures
6 tracked venues list NDX perps.
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The cheapest place to trade NDX perps right now is Lighter (US100): 0.49 bps all-in for a $10,000 market buy at the standard taker fee, measured 11:12 UTC on 2026-10-03.
The next venue is OKX 6.40 bps. 2 of 6 NDX markets gave a measured cost.
NDX perps list on 6 tracked venues: 3 centralized exchanges, 3 other decentralized venues. Avantis (US100/USD) and Ostium (NDX/USD) fill at an oracle price, with no public NDX book to measure.
Maximum NDX leverage runs from 20x on OKX (US100-USDT-SWAP) to 200x on MEXC (NAS100_USDT).
Measured NDX cost for a $10,000 buy
- Lighter0.49
- OKX6.40
NDX funding and open interest
Funding now runs from -32.1% a year on OKX to 7.6% on MEXC, across 4 NDX markets. A positive rate means that longs pay shorts.
4 NDX markets report open interest, $30.9 million in total. MEXC holds 77% of it ($23.7 million).
Where to trade Nasdaq-100 perpetual futures
| Venue | Market | Max leverage | Funding now | Annual rate now | 7-day mean, annual | Open interest | Book cost (bps) | Taker fee | All-in (bps) | Promo rate, eligible accounts |
|---|---|---|---|---|---|---|---|---|---|---|
| Lighter | US100 | 30x | +0.0004% / 1 h | +3.5% | — | $5.4M | 0.49 | 0.000% (API) | 0.49 | — |
| OKX | US100-USDT-SWAP | 20x | −0.0293% / 8 h | −32.1% | −0.1% | $454K | 1.40 | 0.050% (docs) | 6.40 | — |
| MEXC | NAS100_USDT | 200x | +0.0069% / 8 h | +7.6% | −6.7% | $23.7M | 4.83 | Not stated for all accounts | — | 0.000% = 4.83 bps (eligible accounts, source, 2026-09-25) |
| Gate | NAS100_USDT | 100x | −0.0105% / 8 h | −11.5% | −11.3% | $1.3M | — | 0.075% (API) | — | — |
| Avantis | US100/USD | 25x | — | — | — | — | No NDX book | Oracle model | — | — |
| Ostium | NDX/USD | — | — | — | — | — | No NDX book | Oracle model | — | — |
Method: a $10,000 NDX market buy fills against each public NDX book.
The NDX book cost is that fill price against the mid, in bps. The NDX all-in cost adds the standard taker fee that every new account gets.
A NDX promo rate that only eligible accounts get is shown in its own column and is never ranked.
A NDX book price does not prove that the venue accepts NDX orders at that time, so check the NDX hours table.
Annual NDX funding is the rate per hour times 8,760, with no compounding. The NDX markets come from venue APIs read on 2026-09-25.
NDX trading hours and price source by venue
| Venue | Market | Hours | Price source |
|---|---|---|---|
| Avantis | US100/USD | 23/5 or 9:30–16:00 ET | Pyth Pro, Chainlink |
| Gate | NAS100_USDT | Index holds last close | Paid feeds, crypto venues |
| Lighter | US100 | 24/7 | Pyth Pro (NVDA, TSLA) |
| MEXC | NAS100_USDT | Varies, no trades closed | Not named in docs |
| OKX | US100-USDT-SWAP | 24/7 book, anchored weekends | Several providers |
| Ostium | NDX/USD | Mon–Fri 9:30–16:00 ET | Own feed, Stork nodes |
Find your liquidation price with the liquidation price calculator for NDX. Compare all tickers on the stock perps hub.
Where to Trade Nasdaq 100 (NDX) Perpetual Futures
Fees and leverage limits apply venue-wide; check NDX terms with the venue.
Nasdaq 100 (NDX) market overview
The Nasdaq 100 tracks the 100 largest non-financial stocks listed on the Nasdaq exchange, dominated by mega-cap technology companies including Apple, Microsoft, Nvidia, and Amazon. NDX perpetual futures are more volatile than SPX and exhibit higher correlation with crypto assets, making them a natural bridge between traditional tech investing and decentralized derivatives trading.
Frequently Asked Questions — Nasdaq 100 (NDX)
How does a Nasdaq 100 perpetual futures contract differ from the underlying asset?
A Nasdaq 100 perpetual tracks the Nasdaq 100 price, with no expiry date and no ownership of Nasdaq 100.
Check each venue for Nasdaq 100 trading hours and the price source.
Category: Index