Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.012%

Price spread now: Orderly against Lighter RH−0.115%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.115% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 6.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NVDA	226.31	0.0040	pay 0.0005% / 1h	31m 30s	$5.1M	$7.0M	20x
Short	Orderly PERP_NVDA_USDC	226.05	0.0100	get 0.0100% / 8h	7h 31m	$36K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.115%Rate

Funding earned: $12.6
Price spread: −0.115% → 0.000%: −$11.49
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$4.89
Costs to cover: 0.060%
Break-even: 9.7 days

Slippage unknown: Lighter RH: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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	1.55 bp	1.5 bp −$2	2.9 bp −$29	30.4 bp −$3,036	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	226.15	−0.071%	$12.5M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.16	−0.066%	$14.1M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.12	−0.084%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.25	−0.027%	$15.8M	$15.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.18	−0.060%	$22K	$428K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.77	−0.239%	$2K	$3.5M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.03	−0.124%	$53K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.32	+0.004%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.38	+0.031%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	226.03	−0.123%	$117K	$52K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.14	−0.077%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.06	−0.112%	$640K	$875K	10x	as long as short
Lighter RH NVDAlong	+0.0040%	1h	226.31	long leg	$5.1M	$7.0M	20x
Arcus NVDA-USD	+0.0040%	1h	226.13	−0.080%	$391K	$738K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.33	+0.009%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.10	−0.093%	$146.8M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.10	−0.093%	$391K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	225.96	−0.155%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	225.94	−0.163%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0055%	1h	226.10	−0.094%	$480K	$222K	20x	as long as short
Aster NVDAUSDT	+0.0067%	8h	226.20	−0.049%	$481K	$544K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.15	−0.071%	$1.3M	$9.1M	10x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	225.99	−0.141%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.04	−0.121%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.03	−0.124%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	226.05	−0.115%	$36K	$20K	20x
Variational Omni NVDA	+0.0100%	8h	226.16	−0.067%	$3.2M	$2.5M	—	as long as short
KuCoin NVDAUSDTM	+0.0101%	8h	226.19	−0.053%	$1.6M	$963K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.07	−0.104%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.09	−0.097%	$1.3M	$688K	10x	as long as short
Binance NVDAUSDT	+0.0152%	8h	226.19	−0.055%	$154.9M	$221.0M	50x	as long as short
edgeX NVDAUSDC	+0.0184%	4h	226.13	−0.079%	$171K	$1.9M	20x	as long as short
Phoenix NVDA	+0.0212%	1h	226.04	−0.119%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.102%	$73K	$137	30x	as long as short
BloFin NVDA-USDT	+0.0275%	8h	226.15	−0.071%	$715K	$198K	20x	as long as short