Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0814%/8h= −89.1% APRpaid last 24h −0.038%

Price spread now: Lighter RH against edgeX+0.167%50s7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.187% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.704%−$70 on $10k

Price spread, last 7 days−0.114%−$11 · spread now +0.167%, 7d avg +0.061%

Together, before fees−0.819%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board−$82 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.106% dearer against edgeX than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of +0.061%): +$11 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.704% in total) that is about 25 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.42	0.0902	pay 0.0451% / 4h	1h 08m	$171K	$1.9M	20x
Short	Lighter RH NVDA	227.80	0.0088	get 0.0011% / 1h	8m 27s	$5.3M	$7.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against edgeX. 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 edgeXbpFee Lighter RHbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$170.95
Price spread: +0.167% → +0.061%: $10.59
Slippage, 4 orders: −$9.74
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$179.1
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Lighter RH: live order book, 3 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 edgeX live order book, 4 min ago	3.52 bp	8.3 bp −$8	12.5 bp −$125	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	0.88 bp	0.9 bp −$1	2.8 bp −$28	31.6 bp −$3,161	doesn't fit

NVDA on 35 exchanges

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	−0.1600%	1h	227.50	+0.035%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.71	+0.127%	$12.7M	$16.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.68	+0.114%	$14.5M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.63	+0.092%	$7.2M	$9.3M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.72	+0.132%	$15.7M	$15.9M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.25	−0.075%	$2K	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.50	+0.035%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.51	+0.039%	$199K	$399K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.68	+0.114%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.39	−0.015%	$117K	$52K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	227.65	+0.101%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.51	+0.041%	$611K	$930K	10x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.59	+0.075%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	+0.184%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.58	+0.070%	$149.4M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.62	+0.088%	$392K	$212K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.54	+0.053%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.022%	$1.5M	$2.0M	15x	as long as short
Aster NVDAUSDT	+0.0057%	8h	227.62	+0.088%	$484K	$565K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0086%	8h	227.62	+0.087%	$21K	$425K	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.59	+0.074%	$479K	$208K	20x	as long as short
Lighter RH NVDAshort	+0.0088%	1h	227.80	+0.167%	$5.3M	$7.2M	20x
Pacifica NVDA	+0.0100%	1h	227.53	+0.047%	$299K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.34	−0.035%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.65	+0.101%	$36K	$19K	20x	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.65	+0.099%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	227.41	−0.005%	$1.3M	$672K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.55	+0.057%	$94K	$82K	20x	as long as short
Variational Omni NVDA	+0.0147%	8h	227.58	+0.070%	$3.3M	$2.4M	—	as long as short
KuCoin NVDAUSDTM	+0.0156%	8h	227.62	+0.088%	$1.6M	$1.5M	20x	as long as short
Binance NVDAUSDT	+0.0194%	8h	227.70	+0.123%	$155.8M	$224.9M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.74	+0.141%	$73K	$140	30x	as long as short
BloFin NVDA-USDT	+0.0315%	8h	227.68	+0.114%	$737K	$202K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.57	+0.066%	$384K	$705K	20x	as long as short
edgeX NVDAUSDClong	+0.0902%	4h	227.42	long leg	$171K	$1.9M	20x