NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.015%

Price spread now: Pacifica against Deribit−0.085%7-day average −0.022% · 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−$41as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.085%, 7d avg −0.022%

Together, before fees+0.049%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Pacifica is 0.063% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NVDA_USDC-PERPETUAL	226.54	0.0236	pay 0.0029% / 1h	20m 03s	$53K	$1.8M	10x
Short	Pacifica NVDA	226.35	0.0100	get 0.0013% / 1h	20m 03s	$297K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Deribit. 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 DeribitbpFee PacificabpOrdersPrice spread, now −0.085%Rate

Funding earned: −$28.52
Price spread: −0.085% → −0.022%: −$6.28
Slippage, 4 orders: −$20.03
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$69.83
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Deribit: live order book, 4 min ago; Pacifica: live order book, 28 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, 4 min ago	3.76 bp	7.7 bp −$8	8.8 bp −$88	doesn't fit	doesn't fit
Sell Pacifica live order book, 28 min ago	1.54 bp	9.1 bp −$9	doesn't fit	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
Hotstuff NVDA-PERP	−0.0096%	1h	226.37	−0.075%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	226.67	+0.059%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.65	+0.049%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.64	+0.044%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.58	+0.018%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.64	+0.044%	$15.2M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.43	−0.046%	$22K	$412K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.28	−0.115%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.47	−0.031%	$198K	$458K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.71	+0.075%	$2.2M	$42K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0006%	8h	226.43	−0.051%	$3.6M	$2.1M	—	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	226.33	−0.094%	$117K	$52K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.38	−0.071%	$398K	$728K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.46	−0.035%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.56	+0.009%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.49	−0.022%	$147.1M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.45	−0.040%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.37	−0.075%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.19	−0.154%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0056%	1h	226.58	+0.019%	$2.1M	$3.4M	20x	as long as short
Nado NVDA-PERP	+0.0080%	1h	226.36	−0.078%	$481K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	226.68	+0.061%	$154.5M	$218.5M	50x	as long as short
Pacifica NVDAshort	+0.0100%	1h	226.35	−0.085%	$297K	$50K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	226.49	−0.022%	$1.6M	$740K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.27	−0.119%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.53	−0.004%	$36K	$21K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	226.72	+0.079%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.56	+0.008%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.31	−0.102%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.110%	$1.3M	$789K	10x	as long as short
edgeX NVDAUSDC	+0.0200%	4h	226.41	−0.059%	$170K	$1.9M	20x	as long as short
BloFin NVDA-USDT	+0.0201%	8h	226.44	−0.044%	$715K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.71	+0.075%	$73K	$138	30x	as long as short
Deribit NVDA_USDC-PERPETUALlong	+0.0236%	1h	226.54	long leg	$53K	$1.8M	10x
Extended NVDA_24_5-USD	+0.0344%	1h	226.38	−0.073%	$668K	$766K	10x	as long as short