NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.008%

Price spread now: Lighter against Coinbase International+0.002%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$170.169% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 4 days (all we have)+0.269%+$27 · spread now +0.002%, 7d avg +0.064%

Together, before fees+0.351%+ Points / potential airdropLighter: Season 3 · farm board+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.061% 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 +0.064%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.082%, 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	0.0136	pay 0.0017% / 1h	47m 14s	$1.3M	$696K	10x
Short	Lighter NVDA	226.29	0.0032	get 0.0004% / 1h	47m 14s	$2.1M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$21.84
Price spread: +0.002% → +0.064%: −$6.14
Slippage, 4 orders: −$6.91
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$44.9
Costs to cover: 0.169%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Lighter: 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 Coinbase International live order book, 1 min ago	2.65 bp	8.3 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.33 bp	0.4 bp $0	1.5 bp −$15	13.7 bp −$1,374	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	226.33	+0.018%	$12.5M	$14.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.39	+0.044%	$14.1M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.31	+0.009%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.39	+0.044%	$15.8M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.07	−0.097%	$2K	$3.5M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.28	−0.004%	$53K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.45	+0.071%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.59	+0.133%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.21	−0.036%	$117K	$51K	10x	as long as short
Lighter NVDAshort	+0.0032%	1h	226.29	+0.002%	$2.1M	$3.2M	20x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH NVDA	+0.0032%	1h	226.46	+0.075%	$5.1M	$6.9M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.35	+0.027%	$392K	$737K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.51	+0.097%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.22	−0.031%	$146.9M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.25	−0.018%	$391K	$242K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.23	−0.027%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.22	−0.031%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0053%	1h	226.33	+0.019%	$481K	$223K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0055%	8h	226.45	+0.071%	$21K	$428K	10x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.36	+0.031%	$1.3M	$9.1M	10x	as long as short
Aster NVDAUSDT	+0.0080%	8h	226.39	+0.045%	$482K	$538K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.25	−0.017%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.29	0.000%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.37	+0.035%	$36K	$20K	20x	as long as short
Variational Omni NVDA	+0.0104%	8h	226.46	+0.074%	$3.3M	$2.5M	—	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	226.30	+0.004%	$35K	—	20x	as long as short
KuCoin NVDAUSDTM	+0.0110%	8h	226.39	+0.044%	$1.6M	$898K	20x	as long as short
Extended NVDA_24_5-USD	+0.0112%	1h	226.20	−0.040%	$644K	$879K	10x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.35	+0.026%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0136%	1h	226.29	long leg	$1.3M	$696K	10x
Binance NVDAUSDT	+0.0166%	8h	226.38	+0.040%	$155.1M	$220.8M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.19	−0.044%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.97	+0.300%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0286%	8h	226.36	+0.031%	$711K	$197K	20x	as long as short
edgeX NVDAUSDC	+0.0520%	4h	226.38	+0.042%	$171K	$1.9M	20x	as long as short