Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.013%

Price spread now: Binance against Lighter+0.010%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$110.113% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.010%, 7d avg +0.031%

Together, before fees−0.114%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.021% cheaper against Lighter than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.031%). If the spread goes back, that is −$2 on $10k: about 32 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	227.50	0.0056	pay 0.0007% / 1h	54m 44s	$2.2M	$3.3M	20x
Short	Binance NVDAUSDT	227.53	0.0108	get 0.0108% / 8h	3h 54m	$156.0M	$215.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.010%Rate

Funding earned: $10.89
Price spread: +0.010% → +0.031%: −$2.08
Slippage, 4 orders: −$1.26
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$2.45
Costs to cover: 0.113%
Break-even: 8.6 days

Slippage from Lighter: live order book, 3 min ago; Binance: live order book, 4 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	0.02 bp	0.4 bp $0	1.5 bp −$15	7.7 bp −$767	doesn't fit
Sell Binance live order book, 4 min ago	0.22 bp	5.2 bp −$5	6.2 bp −$62	19.4 bp −$1,942	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	227.50	−0.001%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.50	−0.001%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.47	−0.015%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.55	+0.021%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.64	+0.061%	$20K	$390K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.10	−0.177%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.40	−0.045%	$49K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.71	+0.091%	$198K	$466K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.63	+0.056%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.50	−0.001%	$118K	$53K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0025%	8h	227.56	+0.025%	$483K	$590K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.48	−0.010%	$399K	$741K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.51	+0.003%	$1.3M	$9.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.66	+0.069%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.38	−0.054%	$147.8M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.50	−0.001%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.40	−0.045%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.29	−0.094%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0054%	1h	227.46	−0.018%	$484K	$228K	20x	as long as short
Lighter NVDAlong	+0.0056%	1h	227.50	long leg	$2.2M	$3.3M	20x
Variational Omni NVDA	+0.0058%	8h	227.54	+0.014%	$3.6M	$2.2M	—	as long as short
Pacifica NVDA	+0.0100%	1h	227.41	−0.039%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.48	−0.010%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.45	−0.023%	$36K	$21K	20x	as long as short
Binance NVDAUSDTshort	+0.0108%	8h	227.53	+0.010%	$156.0M	$215.9M	50x
Aevo NVDA-PERP	+0.0112%	1h	227.50	−0.002%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0115%	8h	227.55	+0.021%	$1.6M	$724K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.53	+0.012%	$1.3M	$775K	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.66	+0.069%	$5.1M	$7.1M	20x	as long as short
Hotstuff NVDA-PERP	+0.0136%	1h	227.41	−0.041%	$35K	—	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.57	+0.029%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.92	+0.183%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0230%	8h	227.52	+0.007%	$721K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0256%	1h	227.40	−0.047%	$672K	$774K	10x	as long as short
edgeX NVDAUSDC	+0.0761%	4h	227.63	+0.054%	$171K	$1.9M	20x	as long as short