NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0310%/8h= −33.9% APRnext payment −$0.39 per $10,000 · paid last 24h +0.007%

Price spread now: tradeXYZ against Extended+0.018%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Extended Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.018%, 7d avg −0.006%

Together, before fees+0.074%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.024% dearer against Extended than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.006%): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 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	227.35	0.0360	pay 0.0045% / 1h	26m 03s	$689K	$722K	10x
Short	tradeXYZ xyz:NVDA	227.39	0.0050	get 0.0006% / 1h	26m 03s	$147.9M	$44.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$65.1
Price spread: +0.018% → −0.006%: $2.38
Slippage, 4 orders: −$5.83
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$91.55
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from Extended: live order book, 37 min ago; tradeXYZ: 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, 37 min ago	0.44 bp	6.1 bp −$6	53.8 bp −$538	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.22 bp	9.2 bp −$9	10.7 bp −$107	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
Bybit NVDAUSDT	0.0000%	8h	227.54	+0.084%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.53	+0.079%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.49	+0.062%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.62	+0.119%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.63	+0.121%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.02	−0.145%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.180%	$198K	$478K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	+0.128%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0012%	8h	227.58	+0.100%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.52	+0.073%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0016%	1h	227.40	+0.022%	$35K	—	20x	as long as short
Variational Omni NVDA	+0.0040%	8h	227.53	+0.078%	$3.5M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.59	+0.106%	$406K	$745K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.56	+0.092%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.62	+0.119%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	227.39	+0.018%	$147.9M	$44.2M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.52	+0.075%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.39	+0.018%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.43	+0.035%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	+0.079%	$1.3M	$777K	10x	as long as short
Binance NVDAUSDT	+0.0098%	8h	227.57	+0.097%	$156.2M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	+0.020%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.50	+0.066%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.53	+0.079%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.55	+0.088%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.50	+0.066%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0126%	1h	227.39	+0.018%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0136%	8h	227.60	+0.110%	$1.6M	$724K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.54	+0.083%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.68	+0.145%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0217%	8h	227.62	+0.119%	$723K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.282%	$73K	$137	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0278%	1h	227.49	+0.062%	$49K	$1.6M	10x	as long as short
Extended NVDA_24_5-USDlong	+0.0360%	1h	227.35	long leg	$689K	$722K	10x
edgeX NVDAUSDC	+0.0749%	4h	227.62	+0.119%	$170K	$1.9M	20x	as long as short