Funding you earn now, next payment 05:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.24 per $10,000 · paid last 24h +0.026%
Price spread now: Lighter against Extended+0.084%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$130.133% of the position
Funding, last 7 days+0.180%+$18 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.084%, 7d avg +0.052%
=Together, before fees+0.168%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.032% dearer against Extended than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.052%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.180%, 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 | Extended NVDA_24_5-USD | 227.25 | 0.0232 | pay 0.0029% / 1h | 50m 48s | $675K | $776K | 10x |
| Short | Lighter NVDA | 227.44 | 0.0040 | get 0.0005% / 1h | 50m 48s | $2.2M | $3.3M | 20x |
Extended NVDA_24_5-USD
Lighter NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$40.32
- Price spread: +0.084% → +0.052%
- $3.22
- Slippage, 4 orders
- −$8.28
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$50.39
- Costs to cover
- 0.133%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 min ago; Lighter: live order book, 7 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 Extended live order book, 2 min ago | 0.66 bp | 5.8 bp −$6 | 47.7 bp −$477 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.02 bp | 0.4 bp $0 | 1.0 bp −$10 | 7.8 bp −$781 | 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 | −0.0024% | 1h | 227.35 | +0.046% | $35K | — | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 227.42 | +0.077% | $12.7M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.41 | +0.073% | $14.4M | $20.4M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.38 | +0.059% | $7.2M | $9.6M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.46 | +0.095% | $15.4M | $16.3M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.53 | +0.125% | $20K | $390K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.09 | −0.068% | $2K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.71 | +0.205% | $198K | $465K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.56 | +0.139% | $2.2M | $43K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0013% | 1h | 227.39 | +0.064% | $118K | $53K | 10x | as long as short |
Hotstuff NVDA-PERP
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aftermath Perps NVDAUSDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NVDAUSDT | +0.0020% | 8h | 227.39 | +0.066% | $483K | $590K | 20x | as long as short |
| Lighter NVDAshort | +0.0040% | 1h | 227.44 | +0.084% | $2.2M | $3.3M | 20x | |
| Arcus NVDA-USD | +0.0040% | 1h | 227.45 | +0.090% | $399K | $741K | 20x | as long as short |
| QFEX NVDA-USD | +0.0041% | 1h | 227.46 | +0.095% | $1.3M | $9.2M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.62 | +0.165% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.28 | +0.015% | $147.7M | $43.4M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.49 | +0.108% | $401K | $276K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.35 | +0.046% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.30 | +0.024% | $1.6M | $2.0M | 15x | as long as short |
| Nado NVDA-PERP | +0.0052% | 1h | 227.38 | +0.061% | $484K | $228K | 20x | as long as short |
| Variational Omni NVDA | +0.0052% | 8h | 227.47 | +0.097% | $3.6M | $2.2M | — | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.37 | +0.056% | $298K | $51K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.41 | +0.073% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.42 | +0.077% | $36K | $21K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0102% | 1h | 227.42 | +0.077% | $49K | $1.7M | 10x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.48 | +0.103% | — | — | 10x | as long as short |
| Binance NVDAUSDT | +0.0106% | 8h | 227.42 | +0.079% | $156.0M | $215.9M | 50x | as long as short |
| KuCoin NVDAUSDTM | +0.0113% | 8h | 227.42 | +0.077% | $1.6M | $724K | 20x | as long as short |
| Lighter RH NVDA | +0.0128% | 1h | 227.59 | +0.152% | $5.1M | $7.1M | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 227.53 | +0.125% | $1.3M | $775K | 10x | as long as short |
| Phoenix NVDA | +0.0141% | 1h | 227.46 | +0.095% | $94K | $112K | 20x | as long as short |
| edgeX NVDAUSDC | +0.0174% | 4h | 227.50 | +0.114% | $171K | $1.9M | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.83 | +0.257% | $73K | $136 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0226% | 8h | 227.52 | +0.121% | $720K | $201K | 20x | as long as short |
| Extended NVDA_24_5-USDlong | +0.0232% | 1h | 227.25 | long leg | $675K | $776K | 10x |
Aster NVDAUSDT
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Nado NVDA-PERP
Variational Omni NVDA
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Deribit NVDA_USDC-PERPETUAL
Aevo NVDA-PERP
Binance NVDAUSDT
KuCoin NVDAUSDTM
Lighter RH NVDA
Coinbase International NVDA-PERP-INTX
Phoenix NVDA
edgeX NVDAUSDC
Injective NVDA/USDC PERP
BloFin NVDA-USDT