Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.009%

Price spread now: Lighter RH against Binance+0.060%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$130.134% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days−0.028%−$3 · spread now +0.060%, 7d avg +0.020%

Together, before fees+0.010%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.040% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	226.49	0.0078	pay 0.0078% / 8h	2h 33m	$154.8M	$217.9M	50x
Short	Lighter RH NVDA	226.63	0.0096	get 0.0012% / 1h	33m 56s	$5.1M	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.060%Rate

Funding earned: $3.81
Price spread: +0.060% → +0.020%: $4
Slippage, 4 orders: −$3.39
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$5.58
Costs to cover: 0.134%
Break-even: 17.2 days

Slippage from Binance: live order book, 10 min ago; Lighter RH: 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 Binance live order book, 10 min ago	0.22 bp	5.5 bp −$5	6.3 bp −$63	16.0 bp −$1,601	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.32 bp	1.3 bp −$1	3.0 bp −$30	31.0 bp −$3,099	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	226.51	+0.006%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.48	−0.006%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.49	−0.002%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.48	−0.006%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.52	+0.011%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.70	+0.091%	$21K	$410K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.23	−0.117%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.55	+0.024%	$198K	$461K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.71	+0.095%	$2.2M	$43K	10x	as long as short
Variational Omni NVDA	+0.0003%	8h	226.65	+0.069%	$3.6M	$2.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0009%	1h	226.46	−0.017%	$117K	$52K	10x	as long as short
Lighter NVDA	+0.0032%	1h	226.49	−0.003%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.54	+0.020%	$397K	$728K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.48	−0.006%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.62	+0.055%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.38	−0.051%	$147.1M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.43	−0.029%	$399K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.38	−0.051%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.33	−0.073%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.47	−0.011%	$53K	$1.8M	10x	as long as short
Nado NVDA-PERP	+0.0069%	1h	226.36	−0.059%	$481K	$226K	20x	as long as short
Binance NVDAUSDTlong	+0.0078%	8h	226.49	long leg	$154.8M	$217.9M	50x
Hotstuff NVDA-PERP	+0.0088%	1h	226.33	−0.073%	$35K	—	20x	as long as short
Lighter RH NVDAshort	+0.0096%	1h	226.63	+0.060%	$5.1M	$7.1M	20x
Pacifica NVDA	+0.0100%	1h	226.39	−0.046%	$297K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.57	+0.033%	$1.6M	$735K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.54	+0.020%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.49	−0.002%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.51	+0.005%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.41	−0.037%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.38	−0.051%	$1.3M	$781K	10x	as long as short
BloFin NVDA-USDT	+0.0198%	8h	226.65	+0.069%	$718K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.11	+0.272%	$73K	$137	30x	as long as short
edgeX NVDAUSDC	+0.0244%	4h	226.62	+0.055%	$170K	$1.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0296%	1h	226.34	−0.066%	$668K	$767K	10x	as long as short