Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.007%
Price spread now: BloFin against Lighter−0.021%90s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$150.146% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)−0.124%−$12 · spread now −0.021%, 7d avg +0.006%
=Together, before fees−0.110%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.027% cheaper against Lighter than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.006%). If the spread goes back, that is −$3 on $10k: about 2.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.013% in total) that is about 14 days. The two prices were read 90 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 | Lighter NVDA | 227.12 | 0.0088 | pay 0.0011% / 1h | 5m 38s | $2.1M | $3.3M | 20x |
| Short | BloFin NVDA-USDT | 227.07 | 0.0120 | get 0.0120% / 8h | 2h 05m | $714K | $205K | 20x |
Lighter NVDA
BloFin NVDA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. 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
- $6.72
- Price spread: −0.021% → +0.006%
- −$2.73
- Slippage, 4 orders
- −$2.63
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$10.64
- Costs to cover
- 0.146%
- Break-even
- 18.1 days
Slippage from Lighter: live order book, 12 min ago; BloFin: live order book, 16 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, 12 min ago | 0.62 bp | 0.7 bp −$1 | 1.9 bp −$19 | 27.3 bp −$2,734 | doesn't fit |
| Sell BloFin live order book, 16 min ago | 0.22 bp | 6.8 bp −$7 | 7.6 bp −$76 | 13.6 bp −$1,361 | 17.8 bp −$8,879 |
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 | 226.99 | −0.056% | $473K | $550K | 20x | as long as short |
| Binance NVDAUSDT | 0.0000% | 8h | 227.08 | −0.019% | $156.1M | $220.9M | 50x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 227.07 | −0.021% | $12.6M | $15.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.06 | −0.026% | $14.4M | $21.2M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.03 | −0.039% | $7.2M | $9.5M | 100x | as long as short |
| Variational Omni NVDA | 0.0000% | 8h | 227.08 | −0.016% | $3.5M | $2.4M | — | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.04 | −0.032% | $21K | $468K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.77 | −0.153% | $3K | $4.0M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | 0.0000% | 1h | 227.02 | −0.043% | $49K | $1.5M | 10x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.13 | +0.005% | $202K | $526K | 30x | as long as short |
Aster NVDAUSDT
Binance NVDAUSDT
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Variational Omni NVDA
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
Deribit NVDA_USDC-PERPETUAL
HTX NVDA-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex NVDAUSDT | 0.0000% | 4h | 227.11 | −0.004% | $2.2M | $41K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0015% | 1h | 226.99 | −0.058% | $118K | $55K | 10x | as long as short |
| QFEX NVDA-USD | +0.0030% | 1h | 227.05 | −0.030% | $1.6M | $11.3M | 10x | as long as short |
| Lighter RH NVDA | +0.0032% | 1h | 227.22 | +0.045% | $4.9M | $7.0M | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0032% | 1h | 226.93 | −0.081% | $522K | $409K | 10x | as long as short |
| Hotstuff NVDA-PERP | +0.0032% | 1h | 226.92 | −0.087% | $35K | — | 20x | as long as short |
| Bitget NVDAUSDT | +0.0039% | 8h | 227.08 | −0.017% | $15.6M | $18.3M | 100x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.17 | +0.023% | — | $73K | 25x | as long as short |
| Nado NVDA-PERP | +0.0048% | 1h | 226.94 | −0.077% | $487K | $226K | 20x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.94 | −0.078% | $147.0M | $50.3M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.06 | −0.026% | $400K | $261K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.93 | −0.083% | $58K | $20K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.85 | −0.118% | $1.6M | $2.1M | 15x | as long as short |
| Phoenix NVDA | +0.0070% | 1h | 226.87 | −0.109% | $93K | $112K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0080% | 1h | 227.07 | −0.020% | — | — | 10x | as long as short |
| Lighter NVDAlong | +0.0088% | 1h | 227.12 | long leg | $2.1M | $3.3M | 20x | |
| Pacifica NVDA | +0.0100% | 1h | 226.94 | −0.076% | $298K | $60K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 227.09 | −0.012% | $1.6M | $753K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.92 | −0.087% | $16K | $43K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.03 | −0.039% | $36K | $22K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0112% | 1h | 227.01 | −0.048% | $1.3M | $911K | 10x | as long as short |
| BloFin NVDA-USDTshort | +0.0120% | 8h | 227.07 | −0.021% | $714K | $205K | 20x | |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.44 | +0.142% | $73K | $137 | 30x | as long as short |
| Arcus NVDA-USD | +0.0419% | 1h | 227.03 | −0.039% | $384K | $695K | 20x | as long as short |
| edgeX NVDAUSDC | +0.0937% | 4h | 227.01 | −0.046% | $170K | $1.9M | 20x | as long as short |
Phemex NVDAUSDT
Aftermath Perps NVDAUSD
QFEX NVDA-USD
Lighter RH NVDA
Extended NVDA_24_5-USD
Hotstuff NVDA-PERP
Bitget NVDAUSDT
Vest NVDA-USD-PERP
Nado NVDA-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Phoenix NVDA
Aevo NVDA-PERP
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Coinbase International NVDA-PERP-INTX
Injective NVDA/USDC PERP
Arcus NVDA-USD
edgeX NVDAUSDC