Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.014%

Price spread now: Orderly against Lighter−0.005%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 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	226.95	0.0032	pay 0.0004% / 1h	52m 17s	$2.1M	$3.3M	20x
Short	Orderly PERP_NVDA_USDC	226.94	0.0100	get 0.0100% / 8h	2h 52m	$36K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.005%Rate

Funding earned: $14.28
Price spread: −0.005% → 0.000%: −$0.48
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $7.8
Costs to cover: 0.060%
Break-even: 3.2 days

Slippage unknown: Lighter: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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	0.33 bp	0.8 bp −$1	2.1 bp −$21	18.7 bp −$1,865	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	226.89	−0.025%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.95	0.000%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.96	+0.004%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.91	−0.018%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.00	+0.022%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.86	−0.040%	$21K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.64	−0.137%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.89	−0.027%	$51K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.01	+0.026%	$198K	$463K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.02	+0.030%	$2.2M	$43K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0008%	1h	226.69	−0.116%	$117K	$53K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	226.84	−0.051%	$3.6M	$2.1M	—	as long as short
Lighter NVDAlong	+0.0032%	1h	226.95	long leg	$2.1M	$3.3M	20x
Arcus NVDA-USD	+0.0040%	1h	226.78	−0.075%	$398K	$732K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.97	+0.008%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.07	+0.052%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.83	−0.053%	$147.4M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.92	−0.014%	$399K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.79	−0.071%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.57	−0.168%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0056%	1h	226.86	−0.040%	$482K	$226K	20x	as long as short
Binance NVDAUSDT	+0.0082%	8h	227.01	+0.026%	$155.3M	$217.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.83	−0.053%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.90	−0.022%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.70	−0.111%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	226.94	−0.005%	$36K	$21K	20x
Hotstuff NVDA-PERP	+0.0104%	1h	226.78	−0.075%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.94	−0.004%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.74	−0.093%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0120%	1h	227.11	+0.070%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.63	−0.141%	$1.3M	$782K	10x	as long as short
BloFin NVDA-USDT	+0.0203%	8h	226.96	+0.004%	$718K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.074%	$73K	$136	30x	as long as short
Extended NVDA_24_5-USD	+0.0248%	1h	226.80	−0.067%	$668K	$767K	10x	as long as short
edgeX NVDAUSDC	+0.0853%	4h	226.81	−0.064%	$170K	$1.9M	20x	as long as short