Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0230%/8h= +25.2% APRpaid last 24h +0.079%

Price spread now: edgeX against Lighter−0.015%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs+$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$180.178% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.638%+$64 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.015%, 7d avg −0.011%

Together, before fees+0.634%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$63 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: +$7 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	227.65	0.0064	pay 0.0008% / 1h	23m 21s	$2.2M	$3.3M	20x
Short	edgeX NVDAUSDC	227.61	0.0294	get 0.0147% / 4h	23m 21s	$171K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $48.29
Price spread: −0.015% → −0.011%: −$0.47
Slippage, 4 orders: −$8.79
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $30.03
Costs to cover: 0.178%
Break-even: 2.6 days

Slippage from Lighter: live order book, 4 min ago; edgeX: live order book, 1 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, 4 min ago	0.29 bp	0.3 bp $0	1.7 bp −$17	9.7 bp −$970	doesn't fit
Sell edgeX live order book, 1 min ago	3.51 bp	8.3 bp −$8	13.3 bp −$133	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
Bybit NVDAUSDT	0.0000%	8h	227.68	+0.015%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.69	+0.019%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.62	−0.011%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.73	+0.037%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.32	−0.143%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	−0.003%	$198K	$470K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.66	+0.006%	$2.2M	$43K	10x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.48	−0.073%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.44	−0.091%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0032%	8h	227.69	+0.018%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0034%	8h	227.60	−0.020%	$20K	$390K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.52	−0.055%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.77	+0.054%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.55	−0.042%	$147.8M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.64	−0.003%	$402K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.54	−0.047%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.35	−0.130%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.60	−0.020%	$1.3M	$9.3M	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.60	−0.020%	$49K	$1.6M	10x	as long as short
Variational Omni NVDA	+0.0063%	8h	227.60	−0.019%	$3.5M	$2.1M	—	as long as short
Lighter NVDAlong	+0.0064%	1h	227.65	long leg	$2.2M	$3.3M	20x
Nado NVDA-PERP	+0.0066%	1h	227.55	−0.042%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.50	−0.062%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.50	−0.064%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.64	−0.003%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.051%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.67	+0.009%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0116%	8h	227.70	+0.024%	$156.4M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0133%	8h	227.62	−0.011%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.80	+0.068%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.54	−0.047%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.116%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0237%	8h	227.62	−0.011%	$721K	$201K	20x	as long as short
edgeX NVDAUSDCshort	+0.0294%	4h	227.61	−0.015%	$171K	$1.9M	20x
Extended NVDA_24_5-USD	+0.0360%	1h	227.47	−0.075%	$679K	$743K	10x	as long as short