Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.017%

Price spread now: Bitget against Lighter−0.003%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$150.155% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.003%, 7d avg +0.046%

Together, before fees−0.102%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.049% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	227.91	0.0152	pay 0.0019% / 1h	10m 59s	$2.2M	$3.2M	20x
Short	Bitget NVDAUSDT	227.90	0.0047	get 0.0047% / 8h	7h 10m	$15.5M	$16.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$22.05
Price spread: −0.003% → +0.046%: −$4.94
Slippage, 4 orders: −$3.46
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$42.45
Costs to cover: 0.155%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Bitget: 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 Lighter live order book, 6 min ago	0.35 bp	0.6 bp −$1	1.9 bp −$19	57.6 bp −$5,760	doesn't fit
Sell Bitget live order book, 3 min ago	0.22 bp	7.1 bp −$7	10.1 bp −$101	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	227.71	−0.088%	$483K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.82	−0.038%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.83	−0.034%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.80	−0.047%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.44	−0.205%	$2K	$3.8M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.76	−0.064%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.96	+0.023%	$198K	$509K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.88	−0.012%	$2.2M	$43K	10x	as long as short
Variational Omni NVDA	+0.0004%	8h	227.82	−0.039%	$3.5M	$1.9M	—	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.70	−0.089%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.72	−0.080%	$524K	$469K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.72	−0.082%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.79	−0.051%	$1.6M	$11.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.97	+0.028%	—	$74K	25x	as long as short
Bitget NVDAUSDTshort	+0.0047%	8h	227.90	−0.003%	$15.5M	$16.9M	100x
tradeXYZ xyz:NVDA	+0.0050%	1h	227.72	−0.082%	$147.9M	$46.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.78	−0.056%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.69	−0.095%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.69	−0.095%	$1.5M	$2.1M	15x	as long as short
Binance NVDAUSDT	+0.0074%	8h	227.86	−0.019%	$156.5M	$217.3M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.196%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0087%	1h	227.75	−0.068%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.81	−0.042%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.73	−0.079%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.71	−0.086%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.82	−0.038%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.74	−0.073%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0140%	8h	227.91	+0.001%	$1.6M	$735K	20x	as long as short
Lighter NVDAlong	+0.0152%	1h	227.91	long leg	$2.2M	$3.2M	20x
Lighter RH NVDA	+0.0152%	1h	228.03	+0.054%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0165%	8h	227.94	+0.014%	$20K	$392K	10x	as long as short
BloFin NVDA-USDT	+0.0194%	8h	227.85	−0.025%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.36	+0.199%	$73K	$139	30x	as long as short
Hotstuff NVDA-PERP	+0.0240%	1h	227.70	−0.091%	$35K	—	20x	as long as short
edgeX NVDAUSDC	+0.0997%	4h	227.90	−0.002%	$170K	$1.9M	20x	as long as short