Funding you earn now, next payment 08:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h −0.038%
Price spread now: GRVT against Lighter RH−0.093%49s7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as 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−$150.154% of the position
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.093%, 7d avg −0.056%
=Together, before fees−0.117%+ Points / potential airdropLighter RH: Points live · GRVT: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GRVT is 0.037% 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 −0.056%). Swap the legs. The two prices were read 49 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 | 226.44 | 0.0224 | pay 0.0028% / 1h | 20m 41s | $5.1M | $6.9M | 20x |
| Short | GRVT NVDA_USDT_Perp | 226.23 | 0.0031 | get 0.0031% / 8h | 20m 41s | $22K | $423K | 10x |
Lighter RH NVDA
GRVT NVDA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$40.53
- Price spread: −0.093% → −0.056%
- −$3.71
- Slippage, 4 orders
- −$6.35
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$59.59
- Costs to cover
- 0.154%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; GRVT: live order book, 17 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 | 1.33 bp | 1.5 bp −$2 | 2.9 bp −$29 | 37.2 bp −$3,723 | doesn't fit |
| Sell GRVT live order book, 17 min ago | 1.33 bp | 6.7 bp −$7 | 8.8 bp −$88 | 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 | 226.32 | −0.053% | $12.4M | $14.3M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.30 | −0.062% | $14.1M | $20.4M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.27 | −0.075% | $7.2M | $10.0M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.40 | −0.018% | $15.9M | $16.7M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 225.96 | −0.212% | $3K | $3.6M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 226.40 | −0.018% | $198K | $443K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 226.63 | +0.084% | $2.2M | $42K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0017% | 1h | 226.03 | −0.182% | $117K | $50K | 10x | as long as short |
| GRVT NVDA_USDT_Perpshort | +0.0031% | 8h | 226.23 | −0.093% | $22K | $423K | 10x | |
| Arcus NVDA-USD | +0.0040% | 1h | 226.18 | −0.115% | $392K | $740K | 20x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aftermath Perps NVDAUSD
Arcus NVDA-USDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.40 | −0.018% | — | $74K | 25x | as long as short |
| Aster NVDAUSDT | +0.0048% | 8h | 226.36 | −0.036% | $482K | $530K | 20x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.20 | −0.106% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.08 | −0.159% | $1.6M | $1.9M | 15x | as long as short |
| QFEX NVDA-USD | +0.0064% | 1h | 226.37 | −0.031% | $1.3M | $9.1M | 10x | as long as short |
| Hotstuff NVDA-PERP | +0.0072% | 1h | 226.14 | −0.132% | $35K | — | 20x | as long as short |
| Variational Omni NVDA | +0.0073% | 8h | 226.31 | −0.059% | $3.5M | $2.2M | — | as long as short |
| tradeXYZ xyz:NVDA | +0.0081% | 1h | 226.17 | −0.119% | $146.9M | $43.2M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0082% | 1h | 226.30 | −0.062% | $391K | $247K | 10x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.17 | −0.119% | $297K | $49K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.28 | −0.071% | $1.6M | $780K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.03 | −0.181% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.30 | −0.062% | $36K | $21K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0112% | 1h | 226.33 | −0.048% | — | — | 10x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0120% | 1h | 226.09 | −0.155% | $1.3M | $697K | 10x | as long as short |
| Binance NVDAUSDT | +0.0133% | 8h | 226.34 | −0.044% | $155.3M | $219.8M | 50x | as long as short |
| Lighter NVDA | +0.0152% | 1h | 226.29 | −0.068% | $2.1M | $3.3M | 20x | as long as short |
| Nado NVDA-PERP | +0.0168% | 1h | 226.20 | −0.106% | $480K | $223K | 20x | as long as short |
| Phoenix NVDA | +0.0177% | 1h | 226.13 | −0.137% | $93K | $83K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0192% | 1h | 226.22 | −0.097% | $53K | $1.9M | 10x | as long as short |
| edgeX NVDAUSDC | +0.0215% | 4h | 226.19 | −0.111% | $170K | $1.9M | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 226.78 | +0.150% | $73K | $139 | 30x | as long as short |
| Lighter RH NVDAlong | +0.0224% | 1h | 226.44 | long leg | $5.1M | $6.9M | 20x | |
| BloFin NVDA-USDT | +0.0252% | 8h | 226.34 | −0.044% | $713K | $195K | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0320% | 1h | 226.09 | −0.155% | $644K | $875K | 10x | as long as short |
Vest NVDA-USD-PERP
Aster NVDAUSDT
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
QFEX NVDA-USD
Hotstuff NVDA-PERP
Variational Omni NVDA
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Coinbase International NVDA-PERP-INTX
Binance NVDAUSDT
Lighter NVDA
Nado NVDA-PERP
Phoenix NVDA
Deribit NVDA_USDC-PERPETUAL
edgeX NVDAUSDC
Injective NVDA/USDC PERP
BloFin NVDA-USDT
Extended NVDA_24_5-USD