NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.021%

Price spread now: Deribit against Arcus+0.040%7-day average +0.061% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.068%+$7 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.040%, 7d avg +0.061%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.022% cheaper against Arcus than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.061%). If the spread goes back, that is −$2 on $10k: about 4.3 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.068% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	227.73	0.0040	pay 0.0005% / 1h	8m 42s	$400K	$724K	20x
Short	Deribit NVDA_USDC-PERPETUAL	227.82	0.0057	get 0.0007% / 1h	8m 42s	$49K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.040%Rate

Funding earned: $3.59
Price spread: +0.040% → +0.061%: −$2.19
Slippage, 4 orders: −$15.79
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$25.9
Costs to cover: 0.273%
Break-even: 57.6 days

Slippage from Arcus: live order book, 65 min ago; Deribit: live order book, 5 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, 65 min ago	1.10 bp	9.5 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	3.29 bp	7.2 bp −$7	7.5 bp −$75	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
Aster NVDAUSDT	0.0000%	8h	227.70	−0.011%	$483K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.89	+0.070%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.92	+0.083%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.84	+0.048%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.49	−0.105%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.96	+0.101%	$198K	$509K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.93	+0.088%	$2.2M	$43K	10x	as long as short
Variational Omni NVDA	+0.0004%	8h	227.82	+0.038%	$3.5M	$1.9M	—	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.71	−0.007%	$118K	$55K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.73	0.000%	$524K	$469K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USDlong	+0.0040%	1h	227.73	long leg	$400K	$724K	20x
QFEX NVDA-USD	+0.0042%	1h	227.87	+0.061%	$1.5M	$11.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	228.00	+0.119%	—	$74K	25x	as long as short
Bitget NVDAUSDT	+0.0046%	8h	227.95	+0.097%	$15.5M	$16.9M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.75	+0.009%	$147.9M	$45.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.86	+0.057%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.74	+0.004%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.69	−0.018%	$1.5M	$2.1M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	227.78	+0.022%	$35K	—	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0057%	1h	227.82	+0.040%	$49K	$1.5M	10x
Binance NVDAUSDT	+0.0078%	8h	227.91	+0.080%	$156.5M	$217.2M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.119%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.82	+0.040%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.86	+0.058%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.72	−0.002%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.71	−0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	+0.057%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.83	+0.044%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0142%	8h	227.92	+0.083%	$1.6M	$735K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.92	+0.083%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.04	+0.136%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0165%	8h	227.94	+0.092%	$20K	$392K	10x	as long as short
BloFin NVDA-USDT	+0.0195%	8h	227.90	+0.075%	$718K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.206%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0995%	4h	227.83	+0.043%	$170K	$1.9M	20x	as long as short