Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.033%

Price spread now: Lighter RH against Bybit+0.062%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$180.178% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.062%, 7d avg +0.029%

Together, before fees+0.126%+ Points / potential airdropLighter RH: Points live · farm board+$13 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 0.033% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	227.08	0	get 0.0000% / 8h	2h 04m	$12.6M	$15.8M	100x
Short	Lighter RH NVDA	227.22	0.0032	get 0.0004% / 1h	4m 29s	$4.9M	$7.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bybit. 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 BybitbpFee Lighter RHbpOrdersPrice spread, now +0.062%Rate

Funding earned: $6.72
Price spread: +0.062% → +0.029%: $3.29
Slippage, 4 orders: −$6.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$7.79
Costs to cover: 0.178%
Break-even: 15.1 days

Slippage from Bybit: live order book, 4 min ago; Lighter RH: live order book, 4 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 Bybit live order book, 4 min ago	0.44 bp	7.2 bp −$7	9.3 bp −$93	79.8 bp −$7,977	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.32 bp	1.3 bp −$1	3.0 bp −$30	32.3 bp −$3,230	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	227.01	−0.032%	$473K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.13	+0.023%	$156.1M	$220.9M	50x	as long as short
Bybit NVDAUSDTlong	0.0000%	8h	227.08	long leg	$12.6M	$15.8M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	227.07	−0.004%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.05	−0.013%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.07	−0.002%	$3.5M	$2.4M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.04	−0.016%	$21K	$468K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.78	−0.132%	$3K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.02	−0.026%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.13	+0.022%	$202K	$526K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.11	+0.013%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.97	−0.046%	$118K	$55K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	226.93	−0.066%	$35K	—	20x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.09	+0.004%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDAshort	+0.0032%	1h	227.22	+0.062%	$4.9M	$7.0M	20x
Extended NVDA_24_5-USD	+0.0032%	1h	226.94	−0.062%	$522K	$409K	10x	as long as short
Bitget NVDAUSDT	+0.0038%	8h	227.08	0.000%	$15.6M	$18.3M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.20	+0.053%	—	$73K	25x	as long as short
Nado NVDA-PERP	+0.0048%	1h	226.97	−0.051%	$487K	$226K	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.97	−0.048%	$147.0M	$50.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.04	−0.018%	$400K	$261K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.93	−0.066%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.85	−0.101%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	226.99	−0.040%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.06	−0.007%	—	—	10x	as long as short
Lighter NVDA	+0.0096%	1h	227.13	+0.022%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.95	−0.059%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.10	+0.009%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.99	−0.040%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.04	−0.018%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	227.01	−0.031%	$1.3M	$911K	10x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.07	−0.004%	$714K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.40	+0.141%	$73K	$138	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.06	−0.009%	$384K	$695K	20x	as long as short
edgeX NVDAUSDC	+0.0937%	4h	227.01	−0.029%	$170K	$1.9M	20x	as long as short