Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0853%/8h= +93.4% APRpaid last 24h +0.083%

Price spread now: edgeX against Lighter RH−0.046%80s7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs+$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.186% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.708%+$71 on $10k

Price spread, last 7 days−0.013%−$1 · spread now −0.046%, 7d avg −0.061%

Together, before fees+0.695%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board+$69 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: +$26 a day on $10k at the current rate. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NVDA	227.76	0.0136	pay 0.0017% / 1h	17m 58s	$5.1M	$7.1M	20x
Short	edgeX NVDAUSDC	227.65	0.0989	get 0.0495% / 4h	17m 58s	$171K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $179.19
Price spread: −0.046% → −0.061%: $1.48
Slippage, 4 orders: −$9.63
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $162.04
Costs to cover: 0.186%
Break-even: 0.7 days

Slippage from Lighter RH: live order book, 6 min ago; edgeX: live order book, 1 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, 6 min ago	0.88 bp	0.9 bp −$1	2.3 bp −$23	33.2 bp −$3,324	doesn't fit
Sell edgeX live order book, 1 min ago	3.52 bp	8.4 bp −$8	13.4 bp −$134	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
Bybit NVDAUSDT	0.0000%	8h	227.63	−0.057%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.64	−0.053%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.60	−0.070%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.67	−0.040%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.34	−0.184%	$1K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	−0.053%	$198K	$469K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.78	+0.009%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.59	−0.075%	$118K	$54K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0028%	8h	227.69	−0.033%	$20K	$390K	10x	as long as short
Aster NVDAUSDT	+0.0034%	8h	227.68	−0.035%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.60	−0.070%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.77	+0.004%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.51	−0.110%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.50	−0.114%	$147.8M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.62	−0.061%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.50	−0.114%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.49	−0.119%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.58	−0.079%	$1.3M	$9.3M	10x	as long as short
Variational Omni NVDA	+0.0063%	8h	227.74	−0.008%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0071%	1h	227.53	−0.101%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0080%	1h	227.62	−0.061%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.50	−0.116%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	−0.083%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.61	−0.066%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.101%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.63	−0.055%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0118%	8h	227.66	−0.042%	$156.2M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0133%	8h	227.69	−0.031%	$1.6M	$724K	20x	as long as short
Lighter RH NVDAlong	+0.0136%	1h	227.76	long leg	$5.1M	$7.1M	20x
Phoenix NVDA	+0.0141%	1h	227.68	−0.035%	$94K	$112K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.57	−0.083%	$49K	$1.6M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.066%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0238%	8h	227.70	−0.026%	$721K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0392%	1h	227.47	−0.127%	$679K	$743K	10x	as long as short
edgeX NVDAUSDCshort	+0.0989%	4h	227.65	−0.046%	$171K	$1.9M	20x