Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0160%/8h= +17.5% APRnext payment +$0.20 per $10,000 · paid last 24h —

Price spread now: Lighter against Aevo+0.010%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NVDA-PERP	227.46	0.0088	pay 0.0011% / 1h	47m 07s	—	—	10x
Short	Lighter NVDA	227.48	0.0248	get 0.0031% / 1h	47m 07s	$2.1M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee LighterbpOrdersPrice spread, now +0.010%Rate

Funding earned: $33.6
Price spread: +0.010% → 0.000%: $0.97
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: $18.57
Costs to cover: 0.160%
Break-even: 3.1 days

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 5 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	0.42 bp	0.5 bp $0	1.9 bp −$19	8.4 bp −$839	doesn't fit

Aevo: 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.

NVDA on 35 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
Aster NVDAUSDT	0.0000%	8h	227.42	−0.018%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.47	+0.004%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.44	−0.009%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.38	−0.036%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.46	−0.002%	$3.5M	$2.1M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.48	+0.008%	$20K	$427K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.93	−0.233%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.008%	$198K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.54	+0.035%	$2.2M	$42K	10x	as long as short
Hotstuff NVDA-PERP	+0.0024%	1h	227.30	−0.071%	$35K	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0029%	1h	227.46	+0.002%	$118K	$55K	10x	as long as short
Binance NVDAUSDT	+0.0040%	8h	227.48	+0.008%	$156.3M	$220.1M	50x	as long as short
Bitget NVDAUSDT	+0.0042%	8h	227.49	+0.013%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.49	+0.013%	—	$74K	25x	as long as short
Extended NVDA_24_5-USD	+0.0048%	1h	227.24	−0.097%	$536K	$446K	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.31	−0.066%	$147.3M	$48.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.34	−0.053%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.31	−0.066%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.26	−0.088%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.45	−0.005%	$1.6M	$11.4M	10x	as long as short
Aevo NVDA-PERPlong	+0.0088%	1h	227.46	long leg	—	—	10x
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.198%	$1.3M	$862K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.29	−0.075%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.022%	$1.6M	$746K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.31	−0.066%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.43	−0.014%	$36K	$22K	20x	as long as short
Nado NVDA-PERP	+0.0100%	1h	227.28	−0.079%	$483K	$228K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.34	−0.053%	$93K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.30	−0.071%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0160%	8h	227.48	+0.008%	$671K	$204K	20x	as long as short
edgeX NVDAUSDC	+0.0183%	4h	227.45	−0.006%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.73	+0.118%	$73K	$135	30x	as long as short
Lighter NVDAshort	+0.0248%	1h	227.48	+0.010%	$2.1M	$3.3M	20x
Lighter RH NVDA	+0.0256%	1h	227.60	+0.061%	$5.1M	$7.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0410%	1h	227.41	−0.022%	$49K	$1.4M	10x	as long as short