NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.028%

Price spread now: QFEX against Lighter−0.038%7-day average −0.017% · 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−$18as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on Lighter Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.053%−$5 on $10k

Price spread, last 7 days+0.006%+$1 · spread now −0.038%, 7d avg −0.017%

Together, before fees−0.047%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.021% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	227.73	0.0136	pay 0.0017% / 1h	36m 02s	$2.2M	$3.2M	20x
Short	QFEX NVDA-USD	227.64	0.0042	get 0.0005% / 1h	36m 02s	$1.6M	$11.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$19.81
Price spread: −0.038% → −0.017%: −$2.12
Slippage, 4 orders: −$6.15
Fee Lighter: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$38.08
Costs to cover: 0.162%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; QFEX: live order book, 8 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, 6 min ago	0.28 bp	1.0 bp −$1	2.5 bp −$25	14.4 bp −$1,437	doesn't fit
Sell QFEX live order book, 8 min ago	2.42 bp	7.4 bp −$7	7.4 bp −$74	12.3 bp −$1,228	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	227.59	−0.059%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.69	−0.016%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.69	−0.016%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.64	−0.038%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.70	−0.012%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.27	−0.201%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.77	+0.019%	$198K	$514K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.67	−0.025%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.55	−0.079%	$118K	$56K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0021%	8h	227.66	−0.027%	$21K	$397K	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	227.50	−0.102%	$532K	$459K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.50	−0.100%	$400K	$724K	20x	as long as short
QFEX NVDA-USDshort	+0.0042%	1h	227.64	−0.038%	$1.6M	$11.2M	10x
Bitget NVDAUSDT	+0.0043%	8h	227.74	+0.006%	$15.5M	$17.0M	100x	as long as short
Binance NVDAUSDT	+0.0044%	8h	227.73	0.000%	$156.5M	$217.2M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.77	+0.019%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.54	−0.082%	$147.8M	$46.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.64	−0.038%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.53	−0.087%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.45	−0.122%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0077%	1h	227.59	−0.058%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.117%	$1.3M	$800K	10x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.69	−0.016%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.54	−0.081%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.47	−0.113%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.66	−0.029%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.63	−0.043%	$49K	$1.4M	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.53	−0.087%	$94K	$112K	20x	as long as short
Hotstuff NVDA-PERP	+0.0120%	1h	227.54	−0.082%	$35K	—	20x	as long as short
KuCoin NVDAUSDTM	+0.0123%	8h	227.70	−0.012%	$1.6M	$741K	20x	as long as short
Lighter NVDAlong	+0.0136%	1h	227.73	long leg	$2.2M	$3.2M	20x
Lighter RH NVDA	+0.0136%	1h	227.85	+0.054%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0164%	8h	227.64	−0.038%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.38	+0.287%	$73K	$136	30x	as long as short
edgeX NVDAUSDC	+0.0415%	4h	227.60	−0.055%	$170K	$1.9M	20x	as long as short