NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.004%

Price spread now: Deribit against Lighter−0.022%7-day average −0.029% · 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−$14as in the Price arb table

costs, in and out, $10k−$150.149% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.022%, 7d avg −0.029%

Together, before fees−0.045%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	227.26	0.0064	pay 0.0008% / 1h	50m 21s	$2.1M	$3.1M	20x
Short	Deribit NVDA_USDC-PERPETUAL	227.21	0.0014	get 0.0002% / 1h	50m 21s	$16K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$10.47
Price spread: −0.022% → −0.029%: $0.73
Slippage, 4 orders: −$7.95
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$24.69
Costs to cover: 0.149%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Deribit: live order book, 2 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, 5 min ago	0.40 bp	0.6 bp −$1	1.9 bp −$19	18.2 bp −$1,816	doesn't fit
Sell Deribit live order book, 2 min ago	0.22 bp	6.3 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit

NVDA on 35 exchanges

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
Hotstuff NVDA-PERP	−0.1600%	1h	227.26	0.000%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.22	−0.018%	$12.6M	$16.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.23	−0.013%	$14.6M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.31	+0.022%	$7.2M	$9.1M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.28	+0.009%	$15.6M	$15.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.93	−0.145%	$2K	$3.2M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.32	+0.026%	$199K	$399K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.39	+0.057%	$2.2M	$41K	10x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0014%	1h	227.21	−0.022%	$16K	$1.9M	10x
Aftermath Perps NVDAUSD	+0.0015%	1h	227.34	+0.036%	$117K	$51K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.11	−0.067%	$608K	$932K	10x	as long as short
QFEX NVDA-USD	+0.0038%	1h	227.34	+0.035%	$1.3M	$9.0M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0042%	8h	227.45	+0.082%	$20K	$418K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.44	+0.079%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.22	−0.018%	$149.3M	$44.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.28	+0.009%	$395K	$257K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.22	−0.018%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.16	−0.044%	$1.5M	$2.0M	15x	as long as short
Aster NVDAUSDT	+0.0052%	8h	227.36	+0.046%	$484K	$565K	20x	as long as short
Lighter NVDAlong	+0.0064%	1h	227.26	long leg	$2.1M	$3.1M	20x
Arcus NVDA-USD	+0.0083%	1h	227.27	+0.004%	$383K	$721K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.18	−0.035%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.28	+0.009%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.17	−0.040%	$36K	$19K	20x	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.23	−0.013%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.41	+0.066%	$1.3M	$667K	10x	as long as short
Nado NVDA-PERP	+0.0133%	1h	227.20	−0.026%	$478K	$198K	20x	as long as short
Variational Omni NVDA	+0.0137%	8h	227.30	+0.020%	$3.3M	$2.4M	—	as long as short
KuCoin NVDAUSDTM	+0.0154%	8h	227.38	+0.053%	$1.6M	$1.5M	20x	as long as short
Phoenix NVDA	+0.0176%	1h	227.31	+0.022%	$93K	$83K	20x	as long as short
Lighter RH NVDA	+0.0176%	1h	227.43	+0.075%	$5.3M	$7.1M	20x	as long as short
Binance NVDAUSDT	+0.0187%	8h	227.37	+0.047%	$155.3M	$225.2M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.54	+0.123%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0307%	8h	227.38	+0.053%	$748K	$204K	20x	as long as short
edgeX NVDAUSDC	+0.0375%	4h	227.44	+0.078%	$172K	$1.9M	20x	as long as short