Funding you earn now, next payment 08:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%
Price spread now: Phemex against Injective−0.172%65s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.401%−$40 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.172% cheaper against Injective than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective NVDA/USDC PERP | 227.00 | 0.0220 | pay 0.0028% / 1h | 37m 55s | $73K | $137 | 30x |
| Short | Phemex NVDAUSDT | 226.61 | 0 | get 0.0000% / 4h | 37m 55s | $2.2M | $42K | 10x |
Injective NVDA/USDC PERP
Phemex NVDAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Injective. 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
- −$46.2
- Price spread: −0.172% → 0.000%
- −$17.18
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$75.4
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 6 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 6 min ago | 1.10 bp | 40.6 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 226.35 | −0.286% | $12.4M | $14.3M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.36 | −0.282% | $14.1M | $20.5M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.32 | −0.300% | $7.2M | $9.9M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.44 | −0.247% | $15.8M | $16.7M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.00 | −0.441% | $2K | $3.6M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 226.39 | −0.269% | $198K | $445K | 30x | as long as short |
| Phemex NVDAUSDTshort | 0.0000% | 4h | 226.61 | −0.172% | $2.2M | $42K | 10x | |
| Aftermath Perps NVDAUSD | +0.0018% | 1h | 226.15 | −0.375% | $117K | $51K | 10x | as long as short |
| GRVT NVDA_USDT_Perp | +0.0020% | 8h | 226.43 | −0.252% | $22K | $428K | 10x | as long as short |
| Aster NVDAUSDT | +0.0036% | 8h | 226.37 | −0.279% | $482K | $530K | 20x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Aftermath Perps NVDAUSD
GRVT NVDA_USDT_Perp
Aster NVDAUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NVDA-USD | +0.0040% | 1h | 226.31 | −0.304% | $392K | $740K | 20x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.45 | −0.242% | — | $74K | 25x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.26 | −0.326% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.24 | −0.335% | $1.6M | $1.9M | 15x | as long as short |
| Variational Omni NVDA | +0.0057% | 8h | 226.39 | −0.268% | $3.5M | $2.3M | — | as long as short |
| QFEX NVDA-USD | +0.0064% | 1h | 226.39 | −0.269% | $1.3M | $9.0M | 10x | as long as short |
| tradeXYZ xyz:NVDA | +0.0096% | 1h | 226.24 | −0.335% | $147.0M | $43.1M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0099% | 1h | 226.36 | −0.282% | $391K | $247K | 10x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.25 | −0.330% | $297K | $49K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.38 | −0.273% | $1.6M | $743K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.19 | −0.357% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.37 | −0.278% | $36K | $21K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0112% | 1h | 226.40 | −0.264% | — | — | 10x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0120% | 1h | 226.09 | −0.401% | $1.3M | $699K | 10x | as long as short |
| Binance NVDAUSDT | +0.0121% | 8h | 226.35 | −0.285% | $154.4M | $218.4M | 50x | as long as short |
| Phoenix NVDA | +0.0177% | 1h | 226.33 | −0.295% | $93K | $83K | 20x | as long as short |
| Nado NVDA-PERP | +0.0180% | 1h | 226.25 | −0.331% | $481K | $223K | 20x | as long as short |
| Lighter NVDA | +0.0184% | 1h | 226.33 | −0.293% | $2.1M | $3.2M | 20x | as long as short |
| Hotstuff NVDA-PERP | +0.0200% | 1h | 226.30 | −0.308% | $35K | — | 20x | as long as short |
| Injective NVDA/USDC PERPlong | +0.0220% | 1h | 227.00 | long leg | $73K | $137 | 30x | |
| Deribit NVDA_USDC-PERPETUAL | +0.0236% | 1h | 226.30 | −0.308% | $53K | $1.8M | 10x | as long as short |
| Lighter RH NVDA | +0.0240% | 1h | 226.49 | −0.225% | $5.1M | $6.9M | 20x | as long as short |
| BloFin NVDA-USDT | +0.0241% | 8h | 226.39 | −0.269% | $710K | $195K | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0352% | 1h | 226.18 | −0.361% | $644K | $875K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0879% | 4h | 226.41 | −0.261% | $170K | $1.9M | 20x | as long as short |
Arcus NVDA-USD
Vest NVDA-USD-PERP
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Variational Omni NVDA
QFEX NVDA-USD
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Coinbase International NVDA-PERP-INTX
Binance NVDAUSDT
Phoenix NVDA
Nado NVDA-PERP
Lighter NVDA
Hotstuff NVDA-PERP
Deribit NVDA_USDC-PERPETUAL
Lighter RH NVDA
BloFin NVDA-USDT
Extended NVDA_24_5-USD
edgeX NVDAUSDC