Funding you earn now, next payment 05:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.015%
Price spread now: Lighter RH against Arcus+0.079%7-day average +0.144% · 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−$230.227% of the position
Funding, last 4 days (all we have)−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.151%+$15 · spread now +0.079%, 7d avg +0.144%
=Together, before fees+0.140%+ Points / potential airdropLighter RH: Points live · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.065% cheaper against Arcus than usual: you would sell low and buy high (spread +0.079% now, against its 7-day average of +0.144%). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus NVDA-USD | 227.15 | 0.0040 | pay 0.0005% / 1h | 27m 00s | $399K | $738K | 20x |
| Short | Lighter RH NVDA | 227.33 | 0.0128 | get 0.0016% / 1h | 27m 00s | $5.1M | $7.1M | 20x |
Arcus NVDA-USD
Lighter RH NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $18.42
- Price spread: +0.079% → +0.144%
- −$6.5
- Slippage, 4 orders
- −$18.23
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$10.81
- Costs to cover
- 0.227%
- Break-even
- 11.1 days
Slippage from Arcus: live order book, 27 min ago; Lighter RH: live order book, 2 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, 27 min ago | 1.32 bp | 8.7 bp −$9 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 1.32 bp | 1.3 bp −$1 | 3.5 bp −$35 | 34.9 bp −$3,488 | 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 | 227.17 | +0.009% | $12.6M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.19 | +0.018% | $14.3M | $20.5M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.16 | +0.004% | $7.2M | $9.7M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.29 | +0.062% | $15.4M | $16.4M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.27 | +0.051% | $20K | $394K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.89 | −0.114% | $2K | $3.7M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | 0.0000% | 1h | 227.09 | −0.026% | $49K | $1.7M | 10x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.26 | +0.048% | $197K | $462K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.39 | +0.106% | $2.2M | $43K | 10x | as long as short |
| Hotstuff NVDA-PERP | +0.0008% | 1h | 227.14 | −0.004% | $35K | — | 20x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
Deribit NVDA_USDC-PERPETUAL
HTX NVDA-USDT
Phemex NVDAUSDT
Hotstuff NVDA-PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps NVDAUSD | +0.0011% | 1h | 227.09 | −0.027% | $118K | $53K | 10x | as long as short |
| Aster NVDAUSDT | +0.0014% | 8h | 227.18 | +0.013% | $482K | $569K | 20x | as long as short |
| Lighter NVDA | +0.0040% | 1h | 227.16 | +0.002% | $2.1M | $3.3M | 20x | as long as short |
| Arcus NVDA-USDlong | +0.0040% | 1h | 227.15 | long leg | $399K | $738K | 20x | |
| QFEX NVDA-USD | +0.0041% | 1h | 227.23 | +0.035% | $1.3M | $9.1M | 10x | as long as short |
| Variational Omni NVDA | +0.0043% | 8h | 227.27 | +0.051% | $3.6M | $2.2M | — | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.36 | +0.092% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.05 | −0.044% | $147.5M | $43.5M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.18 | +0.013% | $401K | $276K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.10 | −0.022% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.03 | −0.053% | $1.6M | $2.0M | 15x | as long as short |
| Nado NVDA-PERP | +0.0056% | 1h | 227.17 | +0.007% | $483K | $227K | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.16 | +0.004% | $298K | $50K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 227.23 | +0.035% | $1.6M | $728K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.14 | −0.004% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.17 | +0.009% | $36K | $21K | 20x | as long as short |
| Binance NVDAUSDT | +0.0100% | 8h | 227.18 | +0.013% | $155.7M | $216.2M | 50x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.17 | +0.010% | — | — | 10x | as long as short |
| Lighter RH NVDAshort | +0.0128% | 1h | 227.33 | +0.079% | $5.1M | $7.1M | 20x | |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 227.11 | −0.018% | $1.3M | $782K | 10x | as long as short |
| Phoenix NVDA | +0.0141% | 1h | 227.19 | +0.018% | $93K | $112K | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0192% | 1h | 227.04 | −0.048% | $672K | $780K | 10x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.52 | +0.163% | $73K | $138 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0220% | 8h | 227.22 | +0.031% | $720K | $201K | 20x | as long as short |
| edgeX NVDAUSDC | +0.0478% | 4h | 227.22 | +0.029% | $170K | $1.9M | 20x | as long as short |
Aftermath Perps NVDAUSD
Aster NVDAUSDT
Lighter NVDA
QFEX NVDA-USD
Variational Omni NVDA
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Nado NVDA-PERP
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Binance NVDAUSDT
Aevo NVDA-PERP
Coinbase International NVDA-PERP-INTX
Phoenix NVDA
Extended NVDA_24_5-USD
Injective NVDA/USDC PERP
BloFin NVDA-USDT
edgeX NVDAUSDC