Funding you earn now, next payment 08:00 UTC−0.0086%/8h= −9.5% APRnext payment −$0.86 per $10,000 · paid last 24h −0.033%
Price spread now: SunX against Binance−0.170%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$750.752% of the position
Funding, last 7 days−0.190%−$19 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.170%, 7d avg −0.121%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.049% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.121%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NVDAUSDT | 226.30 | 0.0086 | pay 0.0086% / 8h | 1h 32m | $154.4M | $219.6M | 50x |
| Short | SunX NVDA-USDT | 225.92 | 0 | get 0.0000% / 8h | 1h 32m | $2K | $3.7M | 20x |
Binance NVDAUSDT
SunX NVDA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Binance. 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
- −$18.14
- Price spread: −0.170% → −0.121%
- −$4.93
- Slippage, 4 orders
- −$57.19
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$98.26
- Costs to cover
- 0.752%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; SunX: live order book, 6 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, 11 min ago | 0.22 bp | 5.2 bp −$5 | 5.6 bp −$56 | 16.1 bp −$1,610 | doesn't fit |
| Sell SunX live order book, 6 min ago | 21.88 bp | 25.9 bp −$26 | 55.4 bp −$554 | 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 | 226.34 | +0.016% | $482K | $571K | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 226.29 | −0.006% | $12.4M | $14.9M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.28 | −0.011% | $14.1M | $20.6M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.23 | −0.033% | $7.2M | $9.9M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.31 | +0.002% | $15.2M | $16.1M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 226.40 | +0.042% | $22K | $422K | 10x | as long as short |
| SunX NVDA-USDTshort | 0.0000% | 8h | 225.92 | −0.170% | $2K | $3.7M | 20x | |
| HTX NVDA-USDT | 0.0000% | 8h | 226.46 | +0.069% | $198K | $452K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 226.60 | +0.131% | $2.2M | $42K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0015% | 1h | 226.19 | −0.051% | $53K | $1.8M | 10x | as long as short |
Aster NVDAUSDT
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
HTX NVDA-USDT
Phemex NVDAUSDT
Deribit NVDA_USDC-PERPETUALShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps NVDAUSD | +0.0017% | 1h | 226.15 | −0.069% | $117K | $51K | 10x | as long as short |
| Variational Omni NVDA | +0.0018% | 8h | 226.38 | +0.031% | $3.5M | $2.2M | — | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 226.25 | −0.024% | $398K | $735K | 20x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.39 | +0.038% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.16 | −0.064% | $146.9M | $43.4M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 226.22 | −0.037% | $393K | $283K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.13 | −0.077% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.05 | −0.112% | $1.6M | $2.0M | 15x | as long as short |
| QFEX NVDA-USD | +0.0056% | 1h | 226.29 | −0.006% | $1.3M | $9.1M | 10x | as long as short |
| Lighter NVDA | +0.0080% | 1h | 226.26 | −0.019% | $2.1M | $3.3M | 20x | as long as short |
| Binance NVDAUSDTlong | +0.0086% | 8h | 226.30 | long leg | $154.4M | $219.6M | 50x | |
| Pacifica NVDA | +0.0100% | 1h | 226.17 | −0.060% | $297K | $48K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.31 | +0.002% | $1.6M | $751K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.25 | −0.024% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.24 | −0.029% | $36K | $21K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 226.27 | −0.016% | — | — | 10x | as long as short |
| Phoenix NVDA | +0.0106% | 1h | 226.26 | −0.020% | $93K | $112K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0112% | 1h | 226.29 | −0.006% | $1.3M | $735K | 10x | as long as short |
| Lighter RH NVDA | +0.0128% | 1h | 226.42 | +0.051% | $5.0M | $6.9M | 20x | as long as short |
| Nado NVDA-PERP | +0.0133% | 1h | 226.16 | −0.062% | $480K | $226K | 20x | as long as short |
| Hotstuff NVDA-PERP | +0.0168% | 1h | 226.14 | −0.073% | $35K | — | 20x | as long as short |
| BloFin NVDA-USDT | +0.0207% | 8h | 226.43 | +0.055% | $714K | $194K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.01 | +0.312% | $73K | $137 | 30x | as long as short |
| Extended NVDA_24_5-USD | +0.0448% | 1h | 226.15 | −0.068% | $667K | $762K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0491% | 4h | 226.35 | +0.018% | $170K | $1.9M | 20x | as long as short |
Aftermath Perps NVDAUSD
Variational Omni NVDA
Arcus NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
QFEX NVDA-USD
Lighter NVDA
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Phoenix NVDA
Coinbase International NVDA-PERP-INTX
Lighter RH NVDA
Nado NVDA-PERP
Hotstuff NVDA-PERP
BloFin NVDA-USDT
Injective NVDA/USDC PERP
Extended NVDA_24_5-USD
edgeX NVDAUSDC