Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.042%

Price spread now: Gate against Lighter RH−0.092%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.271%−$27 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.092%, 7d avg −0.046%

Together, before fees−0.214%+ Points / potential airdropLighter RH: Points live · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.047% cheaper against Lighter RH than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NVDA	227.59	0.0128	pay 0.0016% / 1h	50m 51s	$5.1M	$7.1M	20x
Short	Gate NVDA_USDT	227.38	0	get 0.0000% / 8h	3h 50m	$7.2M	$9.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.092%Rate

Funding earned: −$26.88
Price spread: −0.092% → −0.046%: −$4.66
Slippage, 4 orders: −$12.94
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$59.48
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Gate: live order book, 3 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	1.10 bp	1.7 bp −$2	3.2 bp −$32	33.4 bp −$3,337	doesn't fit
Sell Gate live order book, 3 min ago	0.44 bp	12.8 bp −$13	20.6 bp −$206	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	−0.0024%	1h	227.35	−0.105%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.42	−0.075%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.41	−0.079%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDTshort	0.0000%	8h	227.38	−0.092%	$7.2M	$9.6M	100x
Bitget NVDAUSDT	0.0000%	8h	227.46	−0.057%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.53	−0.026%	$20K	$390K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.09	−0.220%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.71	+0.053%	$198K	$465K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.56	−0.013%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.39	−0.088%	$118K	$53K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0020%	8h	227.39	−0.086%	$483K	$590K	20x	as long as short
Lighter NVDA	+0.0040%	1h	227.44	−0.068%	$2.2M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.45	−0.062%	$399K	$741K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.46	−0.057%	$1.3M	$9.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.62	+0.013%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.28	−0.136%	$147.7M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.49	−0.044%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.35	−0.105%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.127%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0052%	1h	227.38	−0.091%	$484K	$228K	20x	as long as short
Variational Omni NVDA	+0.0052%	8h	227.47	−0.055%	$3.6M	$2.2M	—	as long as short
Pacifica NVDA	+0.0100%	1h	227.37	−0.096%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.41	−0.079%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.42	−0.075%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.42	−0.075%	$49K	$1.7M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.48	−0.049%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0106%	8h	227.42	−0.073%	$156.0M	$215.9M	50x	as long as short
KuCoin NVDAUSDTM	+0.0113%	8h	227.42	−0.075%	$1.6M	$724K	20x	as long as short
Lighter RH NVDAlong	+0.0128%	1h	227.59	long leg	$5.1M	$7.1M	20x
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.53	−0.026%	$1.3M	$775K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.46	−0.057%	$94K	$112K	20x	as long as short
edgeX NVDAUSDC	+0.0174%	4h	227.50	−0.037%	$171K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.83	+0.105%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0226%	8h	227.52	−0.031%	$720K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0232%	1h	227.25	−0.152%	$675K	$776K	10x	as long as short