Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.044%
Price spread now: SunX against Lighter−0.096%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$660.656% of the position
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.096%, 7d avg −0.122%
=Together, before fees−0.351%+ Points / potential airdropLighter: Season 3 · farm board−$35 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.026% dearer against Lighter than usual: you sell high and buy low (spread −0.096% now, against its 7-day average of −0.122%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.293% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NVDA | 226.35 | 0.0032 | pay 0.0004% / 1h | 31m 24s | $2.1M | $3.3M | 20x |
| Short | SunX NVDA-USDT | 226.13 | 0 | get 0.0000% / 8h | 2h 31m | $2K | $3.7M | 20x |
Lighter NVDA
SunX NVDA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.72
- Price spread: −0.096% → −0.122%
- $2.58
- Slippage, 4 orders
- −$57.61
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$69.75
- Costs to cover
- 0.656%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; SunX: live order book, 7 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 | 0.02 bp | 0.3 bp $0 | 1.7 bp −$17 | 35.3 bp −$3,529 | doesn't fit |
| Sell SunX live order book, 7 min ago | 21.86 bp | 25.9 bp −$26 | 55.4 bp −$554 | 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 | 226.41 | +0.025% | $482K | $571K | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 226.38 | +0.014% | $12.5M | $15.0M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.39 | +0.019% | $14.2M | $20.4M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.35 | +0.001% | $7.2M | $9.7M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.40 | +0.023% | $15.3M | $16.4M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 226.50 | +0.067% | $21K | $410K | 10x | as long as short |
| SunX NVDA-USDTshort | 0.0000% | 8h | 226.13 | −0.096% | $2K | $3.7M | 20x | |
| HTX NVDA-USDT | 0.0000% | 8h | 226.55 | +0.089% | $198K | $460K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 226.68 | +0.147% | $2.2M | $43K | 10x | as long as short |
| Variational Omni NVDA | +0.0003% | 8h | 226.65 | +0.133% | $3.6M | $2.1M | — | as long as short |
Aster NVDAUSDT
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
HTX NVDA-USDT
Phemex NVDAUSDT
Variational Omni NVDAShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NVDA-PERP | +0.0008% | 1h | 226.30 | −0.021% | $35K | — | 20x | as long as short |
| Aftermath Perps NVDAUSD | +0.0010% | 1h | 226.37 | +0.009% | $117K | $52K | 10x | as long as short |
| Lighter NVDAlong | +0.0032% | 1h | 226.35 | long leg | $2.1M | $3.3M | 20x | |
| Arcus NVDA-USD | +0.0040% | 1h | 226.44 | +0.041% | $397K | $728K | 20x | as long as short |
| QFEX NVDA-USD | +0.0042% | 1h | 226.37 | +0.010% | $1.3M | $9.1M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.49 | +0.063% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.26 | −0.039% | $147.0M | $43.5M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 226.35 | +0.001% | $398K | $277K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.26 | −0.039% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.28 | −0.030% | $1.6M | $2.0M | 15x | as long as short |
| Nado NVDA-PERP | +0.0073% | 1h | 226.26 | −0.041% | $481K | $226K | 20x | as long as short |
| Binance NVDAUSDT | +0.0078% | 8h | 226.42 | +0.032% | $154.7M | $218.0M | 50x | as long as short |
| Lighter RH NVDA | +0.0096% | 1h | 226.49 | +0.063% | $5.1M | $7.1M | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.28 | −0.029% | $297K | $50K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.42 | +0.032% | $1.6M | $735K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.33 | −0.008% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.36 | +0.005% | $36K | $21K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 226.40 | +0.025% | — | — | 10x | as long as short |
| Phoenix NVDA | +0.0106% | 1h | 226.40 | +0.023% | $93K | $112K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 226.38 | +0.014% | $1.3M | $781K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0192% | 1h | 226.34 | −0.004% | $53K | $1.8M | 10x | as long as short |
| BloFin NVDA-USDT | +0.0198% | 8h | 226.45 | +0.045% | $719K | $191K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.11 | +0.337% | $73K | $137 | 30x | as long as short |
| Extended NVDA_24_5-USD | +0.0304% | 1h | 226.19 | −0.068% | $668K | $767K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0809% | 4h | 226.45 | +0.047% | $170K | $1.9M | 20x | as long as short |
Hotstuff NVDA-PERP
Aftermath Perps NVDAUSD
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Nado NVDA-PERP
Binance NVDAUSDT
Lighter RH NVDA
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Phoenix NVDA
Coinbase International NVDA-PERP-INTX
Deribit NVDA_USDC-PERPETUAL
BloFin NVDA-USDT
Injective NVDA/USDC PERP
Extended NVDA_24_5-USD
edgeX NVDAUSDC