Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.008%

Price spread now: Binance against Lighter RH−0.044%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$120.122% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 2 days (all we have)+0.030%+$3 · spread now −0.044%, 7d avg −0.044%

Together, before fees−0.006%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, 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 RH NVDA	227.80	0.0136	pay 0.0017% / 1h	0m 39s	$5.1M	$7.1M	20x
Short	Binance NVDAUSDT	227.70	0.0082	get 0.0082% / 8h	6h 00m	$156.3M	$215.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter RH. 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 Lighter RHbpFee BinancebpOrdersPrice spread, now −0.044%Rate

Funding earned: −$11.32
Price spread: −0.044% → −0.044%: $0.01
Slippage, 4 orders: −$2.22
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.52
Costs to cover: 0.122%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Binance: live order book, 13 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 RH live order book, 3 min ago	0.66 bp	1.1 bp −$1	2.4 bp −$24	34.4 bp −$3,438	doesn't fit
Sell Binance live order book, 13 min ago	0.22 bp	5.3 bp −$5	6.7 bp −$67	22.0 bp −$2,195	doesn't fit

NVDA on 34 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	227.67	−0.058%	$483K	$590K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.68	−0.053%	$12.7M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.68	−0.053%	$14.4M	$20.2M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.52	−0.123%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.62	−0.079%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.72	−0.035%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.68	−0.054%	$20K	$389K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.23	−0.250%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.84	+0.018%	$198K	$482K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.77	−0.013%	$2.2M	$43K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0014%	1h	227.53	−0.117%	$118K	$54K	10x	as long as short
Variational Omni NVDA	+0.0021%	8h	227.69	−0.050%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.72	−0.035%	$406K	$712K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.66	−0.061%	$1.4M	$9.8M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.78	−0.009%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.52	−0.123%	$148.1M	$44.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.64	−0.070%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.55	−0.110%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.54	−0.114%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.149%	$1.3M	$776K	10x	as long as short
Nado NVDA-PERP	+0.0081%	1h	227.53	−0.117%	$484K	$229K	20x	as long as short
Binance NVDAUSDTshort	+0.0082%	8h	227.70	−0.044%	$156.3M	$215.3M	50x
Pacifica NVDA	+0.0100%	1h	227.54	−0.114%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	−0.101%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.66	−0.061%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.68	−0.054%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.57	−0.101%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.66	−0.061%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTM	+0.0126%	8h	227.72	−0.035%	$1.6M	$728K	20x	as long as short
Lighter RH NVDAlong	+0.0136%	1h	227.80	long leg	$5.1M	$7.1M	20x
Extended NVDA_24_5-USD	+0.0160%	1h	227.52	−0.123%	$689K	$714K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.63	−0.075%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.04	+0.105%	$73K	$139	30x	as long as short
edgeX NVDAUSDC	+0.0678%	4h	227.65	−0.064%	$170K	$1.9M	20x	as long as short