Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.039%

Price spread now: Lighter RH against Gate+0.092%7-day average +0.044% · 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−$23as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.268%+$27 on $10k

Price spread, last 7 days−0.059%−$6 · spread now +0.092%, 7d avg +0.044%

Together, before fees+0.209%+ Points / potential airdropLighter RH: Points live · farm board+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter RH is 0.048% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	227.44	0	get 0.0000% / 8h	1h 27m	$7.2M	$9.6M	100x
Short	Lighter RH NVDA	227.65	0.0152	get 0.0019% / 1h	27m 37s	$5.1M	$7.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Gate. 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 GatebpFee Lighter RHbpOrdersPrice spread, now +0.092%Rate

Funding earned: $31.92
Price spread: +0.092% → +0.044%: $4.82
Slippage, 4 orders: −$12.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $9.04
Costs to cover: 0.277%
Break-even: 5.0 days

Slippage from Gate: live order book, 1 min ago; Lighter RH: live order book, 6 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 Gate live order book, 1 min ago	1.10 bp	14.3 bp −$14	20.1 bp −$201	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	0.88 bp	1.5 bp −$2	2.8 bp −$28	29.7 bp −$2,968	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	−0.0048%	1h	227.37	−0.031%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.49	+0.022%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.49	+0.022%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.48	+0.018%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	227.44	long leg	$7.2M	$9.6M	100x
Variational Omni NVDA	0.0000%	8h	227.46	+0.007%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.46	+0.007%	$20K	$441K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.13	−0.136%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	−0.013%	$202K	$521K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.53	+0.040%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0012%	8h	227.54	+0.044%	$156.3M	$220.8M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.41	−0.014%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0024%	8h	227.56	+0.053%	$15.6M	$17.8M	100x	as long as short
BloFin NVDA-USDT	+0.0030%	8h	227.48	+0.018%	$713K	$204K	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.33	−0.049%	$536K	$445K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.53	+0.040%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.59	+0.066%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.36	−0.035%	$147.3M	$49.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.44	0.000%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.39	−0.022%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.031%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.34	−0.044%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.55	+0.046%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0088%	1h	227.37	−0.032%	$484K	$227K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.189%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.35	−0.040%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.031%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.33	−0.048%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.52	+0.035%	$36K	$22K	20x	as long as short
Lighter RH NVDAshort	+0.0152%	1h	227.65	+0.092%	$5.1M	$7.2M	20x
Lighter NVDA	+0.0176%	1h	227.54	+0.044%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.43	−0.004%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.08	+0.281%	$73K	$137	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.35	−0.040%	$400K	$723K	20x	as long as short
edgeX NVDAUSDC	+0.0521%	4h	227.48	+0.016%	$170K	$1.9M	20x	as long as short