NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.24 per $10,000 · paid last 24h +0.029%

Price spread now: Lighter RH against Extended+0.149%7-day average +0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$120.123% of the position

Long on Extended Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.149%, 7d avg +0.105%

Together, before fees+0.124%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.045% dearer against Extended than usual: you sell high and buy low (spread +0.149% now, against its 7-day average of +0.105%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 7 days funding on this pair paid +0.118%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.118% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	227.48	0.0408	pay 0.0051% / 1h	10m 31s	$686K	$729K	10x
Short	Lighter RH NVDA	227.82	0.0216	get 0.0027% / 1h	10m 31s	$5.1M	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Extended. 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 ExtendedbpFee Lighter RHbpOrdersPrice spread, now +0.149%Rate

Funding earned: −$40.32
Price spread: +0.149% → +0.105%: $4.46
Slippage, 4 orders: −$7.33
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$48.19
Costs to cover: 0.123%
Break-even: never at this rate

Slippage from Extended: live order book, 52 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 Extended live order book, 52 min ago	0.44 bp	6.1 bp −$6	53.8 bp −$538	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.10 bp	1.1 bp −$1	3.7 bp −$37	33.7 bp −$3,366	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	227.65	+0.075%	$12.7M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.70	+0.097%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.62	+0.062%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.73	+0.110%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.19	−0.127%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.123%	$198K	$476K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.65	+0.075%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.50	+0.008%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0022%	8h	227.71	+0.102%	$484K	$590K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0032%	8h	227.69	+0.092%	$21K	$386K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.040%	$406K	$746K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.68	+0.088%	$1.4M	$9.5M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.77	+0.127%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.53	+0.022%	$35K	—	20x	as long as short
Variational Omni NVDA	+0.0049%	8h	227.62	+0.062%	$3.5M	$2.1M	—	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.53	+0.022%	$147.9M	$44.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.63	+0.066%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.50	+0.009%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.39	−0.040%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	+0.022%	$1.3M	$777K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.51	+0.014%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	+0.004%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.65	+0.075%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.57	+0.040%	$49K	$1.6M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.63	+0.068%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.60	+0.053%	$94K	$112K	20x	as long as short
Binance NVDAUSDT	+0.0106%	8h	227.71	+0.101%	$156.3M	$215.1M	50x	as long as short
Nado NVDA-PERP	+0.0130%	1h	227.54	+0.028%	$484K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0143%	8h	227.73	+0.110%	$1.6M	$723K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.68	+0.088%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDAshort	+0.0216%	1h	227.82	+0.149%	$5.1M	$7.1M	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.98	+0.220%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0226%	8h	227.71	+0.101%	$725K	$201K	20x	as long as short
Extended NVDA_24_5-USDlong	+0.0408%	1h	227.48	long leg	$686K	$729K	10x
edgeX NVDAUSDC	+0.0474%	4h	227.63	+0.064%	$170K	$1.9M	20x	as long as short