NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.05 per $10,000 · paid last 24h +0.014%

Price spread now: Deribit against Lighter RH−0.092%7-day average −0.084% · 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−$21as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on Lighter RH Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.042%+$4 on $10k

Price spread, last 3 days (all we have)−0.045%−$4 · spread now −0.092%, 7d avg −0.084%

Together, before fees−0.003%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: −$1 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	227.74	0.0144	pay 0.0018% / 1h	54m 05s	$5.1M	$7.1M	20x
Short	Deribit NVDA_USDC-PERPETUAL	227.53	0.0102	get 0.0013% / 1h	54m 05s	$49K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$8.88
Price spread: −0.092% → −0.084%: −$0.78
Slippage, 4 orders: −$13.65
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$30.31
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Deribit: live order book, 5 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, 4 min ago	1.54 bp	2.5 bp −$3	5.1 bp −$51	36.2 bp −$3,616	doesn't fit
Sell Deribit live order book, 5 min ago	3.96 bp	7.9 bp −$8	11.0 bp −$110	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	227.56	−0.079%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.62	−0.053%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.60	−0.061%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.52	−0.097%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.56	−0.077%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.64	−0.043%	$20K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.14	−0.263%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.114%	$197K	$516K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.66	−0.035%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.47	−0.120%	$118K	$56K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0025%	8h	227.63	−0.048%	$15.5M	$17.1M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.44	−0.132%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0035%	8h	227.64	−0.044%	$156.4M	$219.0M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.46	−0.123%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.56	−0.079%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.69	−0.022%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.45	−0.127%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.32	−0.184%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0055%	1h	227.48	−0.113%	$483K	$229K	20x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.42	−0.141%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.123%	$1.3M	$823K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.49	−0.110%	—	—	10x	as long as short
Lighter NVDA	+0.0088%	1h	227.61	−0.055%	$2.2M	$3.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0096%	1h	227.54	−0.088%	$402K	$289K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	−0.149%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.44	−0.132%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.58	−0.070%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0102%	1h	227.53	−0.092%	$49K	$1.4M	10x
Phoenix NVDA	+0.0106%	1h	227.48	−0.114%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0117%	8h	227.61	−0.057%	$1.6M	$742K	20x	as long as short
tradeXYZ xyz:NVDA	+0.0129%	1h	227.48	−0.114%	$148.0M	$46.8M	20x	as long as short
BloFin NVDA-USDT	+0.0139%	8h	227.63	−0.048%	$714K	$205K	20x	as long as short
Lighter RH NVDAlong	+0.0144%	1h	227.74	long leg	$5.1M	$7.1M	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.066%	$73K	$135	30x	as long as short
edgeX NVDAUSDC	+0.0387%	4h	227.61	−0.056%	$170K	$1.9M	20x	as long as short