NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h −0.002%

Price spread now: Nado against Lighter RH−0.115%48s7-day average −0.071% · 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—prices read too far apart to compare

costs, in and out, $10k−$250.248% of the position

Long on Lighter RH Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.115%, 7d avg −0.071%

Together, before fees+0.002%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.044% 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 −0.071%). Swap the legs. The two prices were read 48 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	227.60	0.0152	pay 0.0019% / 1h	46m 49s	$5.1M	$7.1M	20x
Short	Nado NVDA-PERP	227.34	0.0060	get 0.0007% / 1h	46m 49s	$484K	$227K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.115%Rate

Funding earned: −$19.33
Price spread: −0.115% → −0.071%: −$4.39
Slippage, 4 orders: −$17.78
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$48.5
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Nado: live order book, 6 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	0.66 bp	1.7 bp −$2	3.0 bp −$30	35.8 bp −$3,585	doesn't fit
Sell Nado live order book, 6 min ago	0.22 bp	12.9 bp −$13	25.5 bp −$255	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	227.47	−0.057%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	−0.057%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.40	−0.088%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.53	−0.031%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.38	−0.096%	$20K	$392K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.09	−0.224%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.60	0.000%	$198K	$465K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.53	−0.031%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.27	−0.147%	$118K	$53K	10x	as long as short
Aster NVDAUSDT	+0.0019%	8h	227.47	−0.057%	$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
Hotstuff NVDA-PERP	+0.0040%	1h	227.33	−0.119%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.40	−0.088%	$399K	$741K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.44	−0.070%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.55	−0.022%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.34	−0.114%	$147.7M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.43	−0.075%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.32	−0.123%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.21	−0.171%	$1.6M	$2.0M	15x	as long as short
Variational Omni NVDA	+0.0052%	8h	227.47	−0.059%	$3.6M	$2.2M	—	as long as short
Lighter NVDA	+0.0056%	1h	227.45	−0.067%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERPshort	+0.0060%	1h	227.34	−0.115%	$484K	$227K	20x
Pacifica NVDA	+0.0100%	1h	227.32	−0.121%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.22	−0.167%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.43	−0.075%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.45	−0.064%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0105%	8h	227.51	−0.040%	$156.0M	$215.9M	50x	as long as short
KuCoin NVDAUSDTM	+0.0111%	8h	227.48	−0.053%	$1.6M	$724K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.53	−0.031%	$1.3M	$775K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.30	−0.132%	$93K	$112K	20x	as long as short
Lighter RH NVDAlong	+0.0152%	1h	227.60	long leg	$5.1M	$7.1M	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.83	+0.101%	$73K	$136	30x	as long as short
Extended NVDA_24_5-USD	+0.0224%	1h	227.26	−0.147%	$674K	$778K	10x	as long as short
BloFin NVDA-USDT	+0.0224%	8h	227.50	−0.044%	$719K	$201K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0278%	1h	227.40	−0.088%	$49K	$1.7M	10x	as long as short
edgeX NVDAUSDC	+0.0889%	4h	227.35	−0.111%	$170K	$1.9M	20x	as long as short