Funding you earn now, next payment 03:00 UTC−0.0118%/8h= −12.9% APRnext payment −$0.15 per $10,000 · paid last 24h −0.026%
Price spread now: tradeXYZ against Lighter−0.056%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 7 days−0.001%$0 · spread now −0.056%, 7d avg −0.056%
=Together, before fees−0.152%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$4 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 | 227.69 | 0.0168 | pay 0.0021% / 1h | 2m 44s | $2.1M | $3.3M | 20x |
| Short | tradeXYZ xyz:NVDA | 227.56 | 0.0050 | get 0.0006% / 1h | 2m 44s | $147.9M | $43.7M | 20x |
Lighter NVDA
tradeXYZ xyz:NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$24.78
- Price spread: −0.056% → −0.056%
- −$0.05
- Slippage, 4 orders
- −$2.39
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$45.23
- Costs to cover
- 0.204%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; tradeXYZ: 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, 5 min ago | 0.33 bp | 0.8 bp −$1 | 1.6 bp −$16 | 7.8 bp −$776 | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 0.22 bp | 9.9 bp −$10 | 11.4 bp −$114 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NVDA-PERP | −0.0056% | 1h | 227.51 | −0.078% | $35K | — | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 227.72 | +0.014% | $12.7M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.74 | +0.023% | $14.4M | $20.3M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.65 | −0.017% | $7.2M | $9.6M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.73 | +0.018% | $15.5M | $16.4M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.31 | −0.166% | $2K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.76 | +0.032% | $198K | $474K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.71 | +0.010% | $2.2M | $43K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0015% | 1h | 227.54 | −0.063% | $118K | $54K | 10x | as long as short |
| Aster NVDAUSDT | +0.0026% | 8h | 227.70 | +0.007% | $484K | $590K | 20x | as long as short |
Hotstuff NVDA-PERP
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aftermath Perps NVDAUSD
Aster NVDAUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT NVDA_USDT_Perp | +0.0028% | 8h | 227.69 | +0.001% | $21K | $386K | 10x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.59 | −0.043% | $406K | $744K | 20x | as long as short |
| QFEX NVDA-USD | +0.0044% | 1h | 227.65 | −0.017% | $1.4M | $9.5M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.73 | +0.018% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDAshort | +0.0050% | 1h | 227.56 | −0.056% | $147.9M | $43.7M | 20x | |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.63 | −0.025% | $402K | $276K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.54 | −0.065% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.51 | −0.078% | $1.6M | $2.0M | 15x | as long as short |
| Variational Omni NVDA | +0.0052% | 8h | 227.61 | −0.034% | $3.5M | $2.1M | — | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0072% | 1h | 227.53 | −0.069% | $1.3M | $775K | 10x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.55 | −0.061% | $299K | $51K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.52 | −0.074% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.67 | −0.008% | $36K | $22K | 20x | as long as short |
| Phoenix NVDA | +0.0105% | 1h | 227.49 | −0.087% | $94K | $112K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0112% | 1h | 227.68 | −0.003% | — | — | 10x | as long as short |
| Binance NVDAUSDT | +0.0112% | 8h | 227.76 | +0.032% | $156.7M | $215.8M | 50x | as long as short |
| Nado NVDA-PERP | +0.0130% | 1h | 227.50 | −0.084% | $483K | $228K | 20x | as long as short |
| KuCoin NVDAUSDTM | +0.0145% | 8h | 227.72 | +0.014% | $1.6M | $728K | 20x | as long as short |
| Lighter NVDAlong | +0.0168% | 1h | 227.69 | long leg | $2.1M | $3.3M | 20x | |
| Lighter RH NVDA | +0.0216% | 1h | 227.82 | +0.058% | $5.1M | $7.1M | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.98 | +0.128% | $73K | $139 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0230% | 8h | 227.76 | +0.032% | $723K | $201K | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0424% | 1h | 227.45 | −0.102% | $686K | $733K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0585% | 1h | 227.67 | −0.008% | $49K | $1.6M | 10x | as long as short |
| edgeX NVDAUSDC | +0.0817% | 4h | 227.61 | −0.033% | $170K | $1.9M | 20x | as long as short |
GRVT NVDA_USDT_Perp
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Variational Omni NVDA
Coinbase International NVDA-PERP-INTX
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Phoenix NVDA
Aevo NVDA-PERP
Binance NVDAUSDT
Nado NVDA-PERP
KuCoin NVDAUSDTM
Lighter RH NVDA
Injective NVDA/USDC PERP
BloFin NVDA-USDT
Extended NVDA_24_5-USD
Deribit NVDA_USDC-PERPETUAL
edgeX NVDAUSDC