NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.017%

Price spread now: Arcus against Lighter−0.032%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Lighter Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now −0.032%, 7d avg −0.090%

Together, before fees−0.109%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.058% dearer against Lighter than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.090%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	226.61	0.0064	pay 0.0008% / 1h	14m 21s	$2.1M	$3.4M	20x
Short	Arcus NVDA-USD	226.54	0.0040	get 0.0005% / 1h	14m 21s	$398K	$734K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Lighter. 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 LighterbpFee ArcusbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$4.98
Price spread: −0.032% → −0.090%: $5.82
Slippage, 4 orders: −$17.42
Fee Lighter: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$21.08
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Arcus: live order book, 34 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 Lighter live order book, 3 min ago	0.26 bp	0.8 bp −$1	1.9 bp −$19	19.5 bp −$1,948	doesn't fit
Sell Arcus live order book, 34 min ago	1.10 bp	10.0 bp −$10	15.1 bp −$151	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
Aster NVDAUSDT	0.0000%	8h	226.65	+0.015%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.70	+0.039%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.68	+0.030%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.66	+0.021%	$7.3M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.67	+0.026%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.68	+0.030%	$21K	$417K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.40	−0.094%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.47	−0.063%	$198K	$458K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.68	+0.030%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0006%	8h	226.54	−0.033%	$3.6M	$2.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0012%	1h	226.44	−0.075%	$117K	$52K	10x	as long as short
Arcus NVDA-USDshort	+0.0040%	1h	226.54	−0.032%	$398K	$734K	20x
QFEX NVDA-USD	+0.0042%	1h	226.61	−0.001%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.72	+0.048%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	226.44	−0.076%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.53	−0.036%	$147.1M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.59	−0.010%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.51	−0.045%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.38	−0.102%	$1.6M	$2.0M	15x	as long as short
Lighter NVDAlong	+0.0064%	1h	226.61	long leg	$2.1M	$3.4M	20x
Binance NVDAUSDT	+0.0080%	8h	226.72	+0.047%	$154.5M	$218.7M	50x	as long as short
Nado NVDA-PERP	+0.0081%	1h	226.49	−0.054%	$482K	$227K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.46	−0.067%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.56	−0.023%	$1.6M	$741K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.47	−0.063%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.67	+0.026%	$36K	$21K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	226.74	+0.056%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.68	+0.031%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.57	−0.019%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.142%	$1.3M	$789K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0147%	1h	226.66	+0.021%	$53K	$1.8M	10x	as long as short
BloFin NVDA-USDT	+0.0201%	8h	226.56	−0.023%	$714K	$193K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.118%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	226.50	−0.049%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0960%	4h	226.61	0.000%	$170K	$1.9M	20x	as long as short