Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.015%
Price spread now: Lighter RH against Deribit+0.079%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$160.157% of the position
Funding, last 5 days (all we have)−0.041%−$4 on $10k
+Price spread, last 3 days (all we have)+0.114%+$11 · spread now +0.079%, 7d avg +0.084%
=Together, before fees+0.073%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NVDA_USDC-PERPETUAL | 227.05 | 0 | get 0.0000% / 1h | 3m 08s | $49K | $1.5M | 10x |
| Short | Lighter RH NVDA | 227.23 | 0.0032 | get 0.0004% / 1h | 3m 08s | $4.9M | $7.0M | 20x |
Deribit NVDA_USDC-PERPETUAL
Lighter RH NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Deribit. 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
- $6.72
- Price spread: +0.079% → +0.084%
- −$0.51
- Slippage, 4 orders
- −$8.72
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$9.51
- Costs to cover
- 0.157%
- Break-even
- 16.9 days
Slippage from Deribit: live order book, 1 min ago; Lighter RH: 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 Deribit live order book, 1 min ago | 0.22 bp | 3.7 bp −$4 | 6.4 bp −$64 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 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 | 227.00 | −0.024% | $473K | $550K | 20x | as long as short |
| Binance NVDAUSDT | 0.0000% | 8h | 227.14 | +0.038% | $156.1M | $220.9M | 50x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 227.08 | +0.013% | $12.6M | $15.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.10 | +0.022% | $14.4M | $21.2M | 50x | as long as short |
| Hotstuff NVDA-PERP | 0.0000% | 1h | 226.95 | −0.044% | $35K | — | 20x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.08 | +0.013% | $7.2M | $9.5M | 100x | as long as short |
| Variational Omni NVDA | 0.0000% | 8h | 227.07 | +0.011% | $3.5M | $2.4M | — | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.10 | +0.023% | $21K | $468K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.84 | −0.092% | $2K | $4.0M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUALlong | 0.0000% | 1h | 227.05 | long leg | $49K | $1.5M | 10x |
Aster NVDAUSDT
Binance NVDAUSDT
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Hotstuff NVDA-PERP
Gate NVDA_USDT
Variational Omni NVDA
GRVT NVDA_USDT_Perp
SunX NVDA-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX NVDA-USDT | 0.0000% | 8h | 227.13 | +0.035% | $202K | $525K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.11 | +0.026% | $2.2M | $41K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0014% | 1h | 226.97 | −0.035% | $118K | $55K | 10x | as long as short |
| QFEX NVDA-USD | +0.0030% | 1h | 227.09 | +0.018% | $1.6M | $11.3M | 10x | as long as short |
| Lighter RH NVDAshort | +0.0032% | 1h | 227.23 | +0.079% | $4.9M | $7.0M | 20x | |
| Extended NVDA_24_5-USD | +0.0032% | 1h | 226.94 | −0.048% | $522K | $409K | 10x | as long as short |
| Bitget NVDAUSDT | +0.0038% | 8h | 227.08 | +0.013% | $15.6M | $18.3M | 100x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.20 | +0.066% | — | $73K | 25x | as long as short |
| Nado NVDA-PERP | +0.0049% | 1h | 226.97 | −0.035% | $487K | $226K | 20x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.96 | −0.040% | $147.0M | $50.3M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.06 | +0.004% | $400K | $261K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.97 | −0.035% | $58K | $20K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.93 | −0.053% | $1.6M | $2.1M | 15x | as long as short |
| Phoenix NVDA | +0.0070% | 1h | 226.99 | −0.026% | $93K | $112K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0080% | 1h | 227.10 | +0.022% | — | — | 10x | as long as short |
| Lighter NVDA | +0.0096% | 1h | 227.14 | +0.039% | $2.1M | $3.3M | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.96 | −0.041% | $298K | $60K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 227.11 | +0.026% | $1.6M | $754K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.97 | −0.035% | $16K | $43K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.08 | +0.013% | $36K | $22K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0112% | 1h | 227.01 | −0.018% | $1.3M | $911K | 10x | as long as short |
| BloFin NVDA-USDT | +0.0120% | 8h | 227.15 | +0.044% | $715K | $205K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.40 | +0.154% | $73K | $138 | 30x | as long as short |
| Arcus NVDA-USD | +0.0419% | 1h | 227.09 | +0.018% | $384K | $695K | 20x | as long as short |
| edgeX NVDAUSDC | +0.0517% | 4h | 227.07 | +0.011% | $170K | $1.9M | 20x | as long as short |
HTX NVDA-USDT
Phemex NVDAUSDT
Aftermath Perps NVDAUSD
QFEX NVDA-USD
Extended NVDA_24_5-USD
Bitget NVDAUSDT
Vest NVDA-USD-PERP
Nado NVDA-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Phoenix NVDA
Aevo NVDA-PERP
Lighter NVDA
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Coinbase International NVDA-PERP-INTX
BloFin NVDA-USDT
Injective NVDA/USDC PERP
Arcus NVDA-USD
edgeX NVDAUSDC