Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h −0.041%

Price spread now: Bybit against Lighter RH−0.066%7-day average −0.031% · 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−$160.160% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.066%, 7d avg −0.031%

Together, before fees−0.160%+ Points / potential airdropLighter RH: Points live · farm board−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.035% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NVDA	226.70	0.0176	pay 0.0022% / 1h	19m 18s	$5.1M	$7.1M	20x
Short	Bybit NVDAUSDT	226.55	0	get 0.0000% / 8h	6h 19m	$12.6M	$15.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$36.96
Price spread: −0.066% → −0.031%: −$3.53
Slippage, 4 orders: −$5.02
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$56.51
Costs to cover: 0.160%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	1.32 bp	1.6 bp −$2	3.2 bp −$32	37.4 bp −$3,737	doesn't fit
Sell Bybit live order book, 2 min ago	0.44 bp	6.7 bp −$7	9.3 bp −$93	32.0 bp −$3,200	doesn't fit

NVDA on 35 exchanges

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
Bybit NVDAUSDTshort	0.0000%	8h	226.55	−0.066%	$12.6M	$15.5M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.57	−0.057%	$14.3M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.49	−0.093%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.64	−0.026%	$15.6M	$15.9M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.11	−0.260%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.43	−0.119%	$37K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.63	−0.031%	$198K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.68	−0.009%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.51	−0.084%	$117K	$51K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.41	−0.130%	$617K	$929K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0040%	8h	226.64	−0.026%	$21K	$430K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.70	0.000%	—	$74K	25x	as long as short
QFEX NVDA-USD	+0.0047%	1h	226.55	−0.066%	$1.3M	$9.0M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.47	−0.101%	$147.7M	$45.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.46	−0.106%	$391K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.45	−0.110%	$59K	$17K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.30	−0.176%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0078%	8h	226.55	−0.064%	$484K	$565K	20x	as long as short
Lighter NVDA	+0.0080%	1h	226.52	−0.078%	$2.1M	$3.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.37	−0.146%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.45	−0.110%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.53	−0.075%	$36K	$19K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	226.57	−0.057%	$93K	$83K	20x	as long as short
Nado NVDA-PERP	+0.0112%	1h	226.43	−0.119%	$478K	$209K	20x	as long as short
Variational Omni NVDA	+0.0114%	8h	226.54	−0.071%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.55	−0.068%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.45	−0.110%	$1.3M	$665K	10x	as long as short
KuCoin NVDAUSDTM	+0.0131%	8h	226.59	−0.049%	$1.6M	$1.2M	20x	as long as short
Hotstuff NVDA-PERP	+0.0152%	1h	226.43	−0.119%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0164%	8h	226.58	−0.052%	$155.3M	$223.3M	50x	as long as short
Lighter RH NVDAlong	+0.0176%	1h	226.70	long leg	$5.1M	$7.1M	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.08	+0.168%	$73K	$138	30x	as long as short
Arcus NVDA-USD	+0.0225%	1h	226.50	−0.088%	$383K	$703K	20x	as long as short
BloFin NVDA-USDT	+0.0287%	8h	226.60	−0.044%	$726K	$202K	20x	as long as short
edgeX NVDAUSDC	+0.0693%	4h	226.54	−0.070%	$170K	$1.9M	20x	as long as short