Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0163%/8h= +17.8% APRpaid last 24h +0.015%

Price spread now: Lighter RH against Bitget+0.070%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

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

costs, in and out, $10k−$190.191% of the position

Long on Bitget Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.070%, 7d avg +0.004%

Together, before fees−0.036%+ Points / potential airdropLighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter RH is 0.067% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NVDAUSDT	227.65	0.0021	pay 0.0021% / 8h	7h 56m	$15.5M	$17.2M	100x
Short	Lighter RH NVDA	227.81	0.0184	get 0.0023% / 1h	56m 54s	$5.1M	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bitget. 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 BitgetbpFee Lighter RHbpOrdersPrice spread, now +0.070%Rate

Funding earned: $34.23
Price spread: +0.070% → +0.004%: $6.68
Slippage, 4 orders: −$7.12
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $21.79
Costs to cover: 0.191%
Break-even: 2.5 days

Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.22 bp	7.1 bp −$7	11.4 bp −$114	21.7 bp −$2,167	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.54 bp	2.4 bp −$2	5.3 bp −$53	36.8 bp −$3,679	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	227.55	−0.043%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.61	−0.018%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.60	−0.022%	$14.4M	$20.9M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.54	−0.048%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.45	−0.086%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.50	−0.066%	$21K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.27	−0.167%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.075%	$197K	$523K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.70	+0.022%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.35	−0.131%	$118K	$56K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDTlong	+0.0021%	8h	227.65	long leg	$15.5M	$17.2M	100x
Extended NVDA_24_5-USD	+0.0032%	1h	227.29	−0.159%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0035%	8h	227.63	−0.010%	$156.4M	$219.4M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.39	−0.114%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.58	−0.031%	$1.6M	$11.5M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.73	+0.035%	—	$74K	25x	as long as short
Nado NVDA-PERP	+0.0048%	1h	227.45	−0.086%	$483K	$229K	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.45	−0.088%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.44	−0.092%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.32	−0.145%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0072%	1h	227.68	+0.013%	$2.2M	$3.2M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.01	−0.281%	$1.3M	$825K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.54	−0.049%	—	—	10x	as long as short
Hotstuff NVDA-PERP	+0.0096%	1h	227.38	−0.119%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.41	−0.105%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.119%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.62	−0.013%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.38	−0.119%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0115%	8h	227.58	−0.031%	$1.6M	$742K	20x	as long as short
BloFin NVDA-USDT	+0.0138%	8h	227.70	+0.022%	$715K	$205K	20x	as long as short
tradeXYZ xyz:NVDA	+0.0151%	1h	227.41	−0.105%	$147.9M	$49.0M	20x	as long as short
Lighter RH NVDAshort	+0.0184%	1h	227.81	+0.070%	$5.1M	$7.1M	20x
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.62	−0.013%	$49K	$1.4M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.105%	$73K	$135	30x	as long as short
edgeX NVDAUSDC	+0.0402%	4h	227.44	−0.094%	$171K	$1.9M	20x	as long as short