Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Lighter RH against Lighter+0.063%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$50.047% of the position

Long on Lighter Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.063%, 7d avg +0.050%

Together, before fees−0.108%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	227.90	0.0144	pay 0.0018% / 1h	28m 05s	$2.2M	$3.2M	20x
Short	Lighter RH NVDA	228.04	0.0144	get 0.0018% / 1h	28m 05s	$5.1M	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.050%: $1.32
Slippage, 4 orders: −$4.65
Fee Lighter: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$3.33
Costs to cover: 0.047%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Lighter RH: live order book, 5 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	0.26 bp	1.3 bp −$1	2.2 bp −$22	12.2 bp −$1,218	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.54 bp	1.5 bp −$2	3.0 bp −$30	30.7 bp −$3,075	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	227.70	−0.088%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.86	−0.016%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.89	−0.003%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.82	−0.033%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.79	−0.047%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.44	−0.200%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.77	−0.055%	$198K	$510K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.87	−0.011%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0014%	8h	227.77	−0.054%	$21K	$394K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.56	−0.146%	$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	227.70	−0.084%	$524K	$474K	10x	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	227.72	−0.077%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.63	−0.117%	$400K	$724K	20x	as long as short
Bitget NVDAUSDT	+0.0041%	8h	227.92	+0.011%	$15.5M	$16.9M	100x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.83	−0.029%	$1.6M	$11.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.93	+0.015%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.73	−0.073%	$147.9M	$46.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.82	−0.033%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.72	−0.077%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.55	−0.152%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0052%	8h	227.89	−0.002%	$156.6M	$217.4M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.191%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0083%	1h	227.74	−0.069%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.87	−0.012%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.72	−0.077%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.178%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.85	−0.020%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.64	−0.112%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.77	−0.055%	$1.6M	$740K	20x	as long as short
Lighter NVDAlong	+0.0144%	1h	227.90	long leg	$2.2M	$3.2M	20x
Lighter RH NVDAshort	+0.0144%	1h	228.04	+0.063%	$5.1M	$7.1M	20x
BloFin NVDA-USDT	+0.0169%	8h	227.85	−0.020%	$717K	$206K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0189%	1h	227.83	−0.029%	$49K	$1.4M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.142%	$73K	$138	30x	as long as short
edgeX NVDAUSDC	+0.0488%	4h	227.77	−0.055%	$170K	$1.9M	20x	as long as short