Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0160%/8h= +17.6% APRpaid last 24h +0.017%

Price spread now: Lighter against Binance−0.015%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$110.110% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 2 days (all we have)−0.056%−$6 · spread now −0.015%, 7d avg −0.010%

Together, before fees+0.047%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, 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	Binance NVDAUSDT	227.56	0.0008	pay 0.0008% / 8h	1h 29m	$156.2M	$220.8M	50x
Short	Lighter NVDA	227.53	0.0168	get 0.0021% / 1h	29m 23s	$2.1M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.015%Rate

Funding earned: $33.69
Price spread: −0.015% → −0.010%: −$0.51
Slippage, 4 orders: −$1.02
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $22.16
Costs to cover: 0.110%
Break-even: 2.4 days

Slippage from Binance: live order book, 14 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 Binance live order book, 14 min ago	0.22 bp	5.2 bp −$5	5.9 bp −$59	15.2 bp −$1,518	doesn't fit
Sell Lighter live order book, 3 min ago	0.04 bp	0.2 bp $0	1.5 bp −$15	8.2 bp −$823	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	−0.0040%	1h	227.30	−0.115%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.49	−0.031%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.51	−0.022%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	−0.022%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.42	−0.062%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.46	−0.046%	$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	227.07	−0.216%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	−0.066%	$202K	$521K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.54	−0.009%	$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 NVDAUSDTlong	+0.0008%	8h	227.56	long leg	$156.2M	$220.8M	50x
Aftermath Perps NVDAUSD	+0.0012%	1h	227.39	−0.074%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0022%	8h	227.58	+0.009%	$15.6M	$17.8M	100x	as long as short
BloFin NVDA-USDT	+0.0030%	8h	227.48	−0.035%	$713K	$204K	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.31	−0.108%	$536K	$442K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.46	−0.044%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.52	−0.018%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.35	−0.093%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	−0.079%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.34	−0.097%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.115%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.34	−0.097%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.53	−0.015%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.33	−0.100%	$484K	$227K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.242%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.30	−0.115%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.47	−0.040%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.33	−0.101%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.49	−0.031%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.64	+0.035%	$5.1M	$7.2M	20x	as long as short
Lighter NVDAshort	+0.0168%	1h	227.53	−0.015%	$2.1M	$3.2M	20x
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.42	−0.062%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.08	+0.228%	$73K	$137	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.35	−0.093%	$400K	$723K	20x	as long as short
edgeX NVDAUSDC	+0.0521%	4h	227.48	−0.037%	$170K	$1.9M	20x	as long as short