Funding you earn now, next payment 06:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h +0.009%
Price spread now: Deribit against Coinbase International−0.022%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$310.308% of the position
Funding, last 5 days (all we have)+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.022%, 7d avg +0.035%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.057% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.035%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.069%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International NVDA-PERP-INTX | 226.29 | 0.0112 | pay 0.0014% / 1h | 33m 11s | $1.3M | $789K | 10x |
| Short | Deribit NVDA_USDC-PERPETUAL | 226.24 | 0 | get 0.0000% / 1h | 33m 11s | $53K | $1.8M | 10x |
Coinbase International NVDA-PERP-INTX
Deribit NVDA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Coinbase International. 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
- −$23.52
- Price spread: −0.022% → +0.035%
- −$5.71
- Slippage, 4 orders
- −$13.76
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$59.99
- Costs to cover
- 0.308%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, just now; Deribit: live order book, 1 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 Coinbase International live order book, just now | 1.99 bp | 8.0 bp −$8 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 1 min ago | 3.32 bp | 7.2 bp −$7 | 8.1 bp −$81 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NVDAUSDT | 0.0000% | 8h | 226.30 | +0.004% | $12.4M | $15.1M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.31 | +0.009% | $14.1M | $20.7M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.26 | −0.013% | $7.2M | $9.9M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.33 | +0.018% | $15.2M | $16.3M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 226.40 | +0.049% | $22K | $422K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 225.96 | −0.146% | $2K | $3.7M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUALshort | 0.0000% | 1h | 226.24 | −0.022% | $53K | $1.8M | 10x | |
| HTX NVDA-USDT | 0.0000% | 8h | 226.46 | +0.075% | $198K | $452K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 226.69 | +0.177% | $2.2M | $42K | 10x | as long as short |
| Aster NVDAUSDT | +0.0001% | 8h | 226.37 | +0.033% | $482K | $571K | 20x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aster NVDAUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps NVDAUSD | +0.0017% | 1h | 226.19 | −0.044% | $117K | $51K | 10x | as long as short |
| Variational Omni NVDA | +0.0018% | 8h | 226.38 | +0.038% | $3.5M | $2.2M | — | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 226.26 | −0.013% | $398K | $735K | 20x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.41 | +0.053% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.17 | −0.053% | $146.9M | $43.4M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 226.19 | −0.044% | $393K | $283K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.17 | −0.053% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.05 | −0.106% | $1.6M | $2.0M | 15x | as long as short |
| QFEX NVDA-USD | +0.0056% | 1h | 226.30 | +0.004% | $1.3M | $9.1M | 10x | as long as short |
| Hotstuff NVDA-PERP | +0.0064% | 1h | 226.13 | −0.071% | $35K | — | 20x | as long as short |
| Binance NVDAUSDT | +0.0087% | 8h | 226.32 | +0.013% | $154.3M | $219.5M | 50x | as long as short |
| Lighter NVDA | +0.0088% | 1h | 226.29 | −0.001% | $2.1M | $3.3M | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.19 | −0.044% | $297K | $48K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.35 | +0.027% | $1.6M | $750K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.25 | −0.018% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.27 | −0.009% | $36K | $21K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 226.28 | −0.003% | — | — | 10x | as long as short |
| Phoenix NVDA | +0.0106% | 1h | 226.26 | −0.013% | $93K | $112K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTXlong | +0.0112% | 1h | 226.29 | long leg | $1.3M | $789K | 10x | |
| Lighter RH NVDA | +0.0128% | 1h | 226.43 | +0.062% | $5.0M | $6.9M | 20x | as long as short |
| Nado NVDA-PERP | +0.0136% | 1h | 226.20 | −0.038% | $480K | $226K | 20x | as long as short |
| BloFin NVDA-USDT | +0.0207% | 8h | 226.43 | +0.062% | $714K | $194K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.01 | +0.318% | $73K | $137 | 30x | as long as short |
| Extended NVDA_24_5-USD | +0.0456% | 1h | 226.16 | −0.057% | $667K | $762K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0491% | 4h | 226.35 | +0.024% | $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
Hotstuff NVDA-PERP
Binance NVDAUSDT
Lighter NVDA
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Phoenix NVDA
Lighter RH NVDA
Nado NVDA-PERP
BloFin NVDA-USDT
Injective NVDA/USDC PERP
Extended NVDA_24_5-USD
edgeX NVDAUSDC