NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0209%/8h= −22.9% APRnext payment −$0.26 per $10,000 · paid last 24h +0.018%

Price spread now: Coinbase International against Arcus−0.154%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.015%−$2 on $10k

Price spread, last 3 days (all we have)+0.085%+$8 · spread now −0.154%, 7d avg +0.034%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Coinbase International is 0.188% cheaper against Arcus than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.015% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. 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	Arcus NVDA-USD	227.36	0.0305	pay 0.0038% / 1h	32m 35s	$388K	$709K	20x
Short	Coinbase International NVDA-PERP-INTX	227.01	0.0096	get 0.0012% / 1h	32m 35s	$1.3M	$888K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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 ArcusbpFee Coinbase InternationalbpOrdersPrice spread, now −0.154%Rate

Funding earned: −$43.9
Price spread: −0.154% → +0.034%: −$18.8
Slippage, 4 orders: −$13.87
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$91.07
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Arcus: live order book, 51 min ago; Coinbase International: live order book, 1 min ago.

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 Arcus live order book, 51 min ago	1.32 bp	6.7 bp −$7	7.5 bp −$75	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	0.22 bp	7.1 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit

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
Hotstuff NVDA-PERP	−0.0008%	1h	227.31	−0.022%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.49	+0.057%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.45	+0.040%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	+0.048%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.41	+0.022%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.43	+0.030%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.46	+0.046%	$20K	$441K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.04	−0.141%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	+0.022%	$202K	$522K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.070%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0004%	8h	227.50	+0.060%	$156.2M	$220.6M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.24	−0.051%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0020%	8h	227.51	+0.066%	$15.6M	$17.9M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.26	−0.042%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.45	+0.040%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.53	+0.075%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.30	−0.026%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.36	0.000%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.33	−0.013%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.026%	$1.6M	$2.1M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.40	+0.018%	$49K	$1.5M	10x	as long as short
BloFin NVDA-USDT	+0.0058%	8h	227.48	+0.053%	$714K	$205K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.25	−0.048%	$93K	$112K	20x	as long as short
edgeX NVDAUSDC	+0.0074%	4h	227.49	+0.056%	$170K	$1.9M	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.48	+0.051%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0080%	1h	227.31	−0.022%	$484K	$227K	20x	as long as short
Coinbase International NVDA-PERP-INTXshort	+0.0096%	1h	227.01	−0.154%	$1.3M	$888K	10x
Pacifica NVDA	+0.0100%	1h	227.32	−0.018%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.44	+0.035%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.026%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.46	+0.044%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.59	+0.101%	$4.9M	$7.0M	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.48	+0.055%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.110%	$73K	$136	30x	as long as short
Arcus NVDA-USDlong	+0.0305%	1h	227.36	long leg	$388K	$709K	20x