Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.045%

Price spread now: Gate against Lighter−0.033%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.351%−$35 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.033%, 7d avg +0.005%

Together, before fees−0.330%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.038% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	227.22	0.0080	pay 0.0010% / 1h	27m 38s	$2.1M	$3.3M	20x
Short	Gate NVDA_USDT	227.15	0	get 0.0000% / 8h	2h 27m	$7.2M	$9.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.033%Rate

Funding earned: −$16.8
Price spread: −0.033% → +0.005%: −$3.8
Slippage, 4 orders: −$14.08
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$49.68
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Gate: 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, 5 min ago	0.26 bp	0.3 bp $0	1.3 bp −$13	17.5 bp −$1,751	doesn't fit
Sell Gate live order book, 1 min ago	0.66 bp	14.3 bp −$14	23.9 bp −$239	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	227.12	−0.047%	$473K	$550K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.17	−0.024%	$12.7M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.17	−0.024%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDTshort	0.0000%	8h	227.15	−0.033%	$7.2M	$9.4M	100x
Variational Omni NVDA	0.0000%	8h	227.13	−0.039%	$3.4M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.11	−0.050%	$21K	$468K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.83	−0.173%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.14	−0.037%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.20	−0.011%	$202K	$529K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.16	−0.028%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0004%	8h	227.19	−0.015%	$156.2M	$220.6M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.00	−0.101%	$118K	$54K	10x	as long as short
BloFin NVDA-USDT	+0.0018%	8h	227.18	−0.019%	$714K	$205K	20x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.14	−0.037%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.33	+0.047%	$4.8M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.07	−0.069%	$522K	$407K	10x	as long as short
Nado NVDA-PERP	+0.0043%	1h	227.10	−0.054%	$487K	$223K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.35	+0.055%	—	$73K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.07	−0.068%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.07	−0.068%	$147.1M	$50.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.15	−0.033%	$390K	$235K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.07	−0.068%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.00	−0.099%	$1.6M	$2.1M	15x	as long as short
Bitget NVDAUSDT	+0.0065%	8h	227.17	−0.024%	$15.5M	$18.3M	100x	as long as short
Phoenix NVDA	+0.0070%	1h	227.08	−0.063%	$93K	$112K	20x	as long as short
Lighter NVDAlong	+0.0080%	1h	227.22	long leg	$2.1M	$3.3M	20x
Aevo NVDA-PERP	+0.0080%	1h	227.18	−0.020%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.09	−0.060%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.14	−0.037%	$1.6M	$751K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.00	−0.099%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.15	−0.033%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	227.01	−0.094%	$1.3M	$911K	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.48	+0.113%	$73K	$136	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.17	−0.024%	$395K	$683K	20x	as long as short
edgeX NVDAUSDC	+0.0909%	4h	227.15	−0.034%	$170K	$1.9M	20x	as long as short