NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0144%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.016%

Price spread now: Lighter against Arcus−0.004%7-day average +0.088% · 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−$30as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on Arcus Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.004%, 7d avg +0.088%

Together, before fees+0.119%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.092% cheaper against Arcus than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.088%). If the spread goes back, that is −$9 on $10k: about 2.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	226.31	0.0040	pay 0.0005% / 1h	39m 03s	$392K	$740K	20x
Short	Lighter NVDA	226.30	0.0184	get 0.0023% / 1h	39m 03s	$2.1M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.004%Rate

Funding earned: $30.18
Price spread: −0.004% → +0.088%: −$9.16
Slippage, 4 orders: −$16.72
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.2
Costs to cover: 0.212%
Break-even: 7.0 days

Slippage from Arcus: live order book, 65 min ago; Lighter: live order book, 3 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	8.9 bp −$9	11.8 bp −$118	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	0.42 bp	0.8 bp −$1	1.7 bp −$17	8.3 bp −$835	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
Bybit NVDAUSDT	0.0000%	8h	226.38	+0.031%	$12.4M	$14.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.39	+0.035%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.29	−0.009%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.41	+0.044%	$15.8M	$16.6M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.98	−0.146%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.39	+0.035%	$198K	$445K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.61	+0.133%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0018%	1h	226.16	−0.065%	$117K	$51K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0020%	8h	226.43	+0.052%	$22K	$428K	10x	as long as short
Hotstuff NVDA-PERP	+0.0032%	1h	226.26	−0.022%	$35K	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0035%	8h	226.37	+0.027%	$482K	$530K	20x	as long as short
Arcus NVDA-USDlong	+0.0040%	1h	226.31	long leg	$392K	$740K	20x
Vest NVDA-USD-PERP	+0.0046%	1h	226.40	+0.040%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.22	−0.040%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.24	−0.031%	$1.6M	$1.9M	15x	as long as short
Variational Omni NVDA	+0.0057%	8h	226.39	+0.036%	$3.5M	$2.3M	—	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.33	+0.009%	$1.3M	$9.0M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0098%	1h	226.20	−0.049%	$146.9M	$43.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0100%	1h	226.31	0.000%	$391K	$247K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.18	−0.057%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.38	+0.031%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.19	−0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.32	+0.004%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	226.34	+0.015%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.097%	$1.3M	$699K	10x	as long as short
Binance NVDAUSDT	+0.0121%	8h	226.43	+0.052%	$154.5M	$218.3M	50x	as long as short
Phoenix NVDA	+0.0177%	1h	226.33	+0.009%	$93K	$83K	20x	as long as short
Nado NVDA-PERP	+0.0183%	1h	226.19	−0.052%	$480K	$223K	20x	as long as short
Lighter NVDAshort	+0.0184%	1h	226.30	−0.004%	$2.1M	$3.2M	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.00	+0.305%	$73K	$137	30x	as long as short
Lighter RH NVDA	+0.0240%	1h	226.46	+0.066%	$5.1M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0241%	8h	226.39	+0.035%	$710K	$195K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0325%	1h	226.25	−0.027%	$53K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0352%	1h	226.07	−0.104%	$644K	$875K	10x	as long as short
edgeX NVDAUSDC	+0.0879%	4h	226.41	+0.043%	$170K	$1.9M	20x	as long as short