Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.024%
Price spread now: Phemex against Extended+0.110%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$750.749% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 3 days (all we have)−0.135%−$14 · spread now +0.110%, 7d avg +0.071%
=Together, before fees−0.241%+ Points / potential airdropExtended: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.039% dearer against Extended than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of +0.071%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended NVDA_24_5-USD | 226.85 | 0.0032 | pay 0.0004% / 1h | 10m 03s | $522K | $409K | 10x |
| Short | Phemex NVDAUSDT | 227.10 | 0 | get 0.0000% / 4h | 2h 10m | $2.2M | $41K | 10x |
Extended NVDA_24_5-USD
Phemex NVDAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$6.72
- Price spread: +0.110% → +0.071%
- $3.92
- Slippage, 4 orders
- −$57.92
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$77.72
- Costs to cover
- 0.749%
- Break-even
- never at this rate
Slippage from Extended: live order book, 13 min ago; Phemex: 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, 13 min ago | 0.22 bp | 5.5 bp −$6 | 24.0 bp −$240 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.10 bp | 30.5 bp −$31 | 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 | −0.0032% | 1h | 226.93 | +0.035% | $35K | — | 20x | as long as short |
| Aster NVDAUSDT | 0.0000% | 8h | 226.94 | +0.038% | $473K | $550K | 20x | as long as short |
| Binance NVDAUSDT | 0.0000% | 8h | 227.02 | +0.074% | $156.1M | $220.8M | 50x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 226.96 | +0.048% | $12.6M | $15.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.00 | +0.066% | $14.4M | $21.2M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.96 | +0.048% | $7.2M | $9.4M | 100x | as long as short |
| Variational Omni NVDA | 0.0000% | 8h | 227.08 | +0.102% | $3.5M | $2.4M | — | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.11 | +0.113% | $21K | $468K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.72 | −0.058% | $2K | $4.0M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | 0.0000% | 1h | 226.95 | +0.044% | $49K | $1.5M | 10x | as long as short |
Hotstuff NVDA-PERP
Aster NVDAUSDT
Binance NVDAUSDT
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Variational Omni NVDA
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
Deribit NVDA_USDC-PERPETUALShow 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 | +0.123% | $202K | $527K | 30x | as long as short |
| Phemex NVDAUSDTshort | 0.0000% | 4h | 227.10 | +0.110% | $2.2M | $41K | 10x | |
| Aftermath Perps NVDAUSD | +0.0014% | 1h | 227.02 | +0.075% | $118K | $54K | 10x | as long as short |
| QFEX NVDA-USD | +0.0030% | 1h | 227.02 | +0.074% | $1.6M | $11.3M | 10x | as long as short |
| Lighter RH NVDA | +0.0032% | 1h | 227.14 | +0.127% | $4.8M | $7.0M | 20x | as long as short |
| Extended NVDA_24_5-USDlong | +0.0032% | 1h | 226.85 | long leg | $522K | $409K | 10x | |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.13 | +0.123% | — | $73K | 25x | as long as short |
| Bitget NVDAUSDT | +0.0046% | 8h | 226.99 | +0.061% | $15.6M | $18.3M | 100x | as long as short |
| Nado NVDA-PERP | +0.0048% | 1h | 226.90 | +0.021% | $487K | $226K | 20x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.88 | +0.013% | $147.0M | $50.3M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.00 | +0.066% | $400K | $261K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.89 | +0.017% | $58K | $20K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.84 | −0.005% | $1.6M | $2.1M | 15x | as long as short |
| Phoenix NVDA | +0.0070% | 1h | 227.01 | +0.070% | $93K | $112K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0080% | 1h | 227.01 | +0.071% | — | — | 10x | as long as short |
| Lighter NVDA | +0.0088% | 1h | 227.03 | +0.079% | $2.1M | $3.3M | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.89 | +0.016% | $298K | $60K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 227.05 | +0.088% | $1.6M | $753K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.06 | +0.092% | $16K | $43K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.98 | +0.057% | $36K | $22K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0112% | 1h | 227.01 | +0.070% | $1.3M | $911K | 10x | as long as short |
| BloFin NVDA-USDT | +0.0120% | 8h | 227.07 | +0.097% | $714K | $205K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.44 | +0.260% | $73K | $137 | 30x | as long as short |
| Arcus NVDA-USD | +0.0419% | 1h | 226.99 | +0.061% | $384K | $695K | 20x | as long as short |
| edgeX NVDAUSDC | +0.0820% | 4h | 227.14 | +0.127% | $170K | $1.9M | 20x | as long as short |
HTX NVDA-USDT
Aftermath Perps NVDAUSD
QFEX NVDA-USD
Lighter RH NVDA
Vest NVDA-USD-PERP
Bitget NVDAUSDT
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