Funding you earn now, next payment 04:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.002%
Price spread now: Phoenix against Lighter RH−0.062%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.215% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.062%, 7d avg −0.078%
=Together, before fees−0.003%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.078%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH NVDA | 227.33 | 0.0128 | pay 0.0016% / 1h | 27m 12s | $5.1M | $7.1M | 20x |
| Short | Phoenix NVDA | 227.19 | 0.0141 | get 0.0018% / 1h | 27m 12s | $93K | $112K | 20x |
Lighter RH NVDA
Phoenix NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $2.65
- Price spread: −0.062% → −0.078%
- $1.65
- Slippage, 4 orders
- −$14.52
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$17.22
- Costs to cover
- 0.215%
- Break-even
- 52.5 days
Slippage from Lighter RH: live order book, 1 min ago; Phoenix: live order book, 18 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, 1 min ago | 1.32 bp | 1.3 bp −$1 | 2.4 bp −$24 | 35.1 bp −$3,513 | doesn't fit |
| Sell Phoenix live order book, 18 min ago | 3.08 bp | 9.4 bp −$9 | 20.5 bp −$205 | 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 | 227.19 | −0.062% | $12.6M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.19 | −0.062% | $14.3M | $20.5M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.18 | −0.066% | $7.2M | $9.7M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.29 | −0.018% | $15.4M | $16.4M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.27 | −0.028% | $20K | $394K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.89 | −0.194% | $2K | $3.7M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | 0.0000% | 1h | 227.09 | −0.106% | $49K | $1.7M | 10x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.26 | −0.031% | $197K | $462K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.39 | +0.026% | $2.2M | $43K | 10x | as long as short |
| Hotstuff NVDA-PERP | +0.0008% | 1h | 227.14 | −0.084% | $35K | — | 20x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
Deribit NVDA_USDC-PERPETUAL
HTX NVDA-USDT
Phemex NVDAUSDT
Hotstuff NVDA-PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps NVDAUSD | +0.0011% | 1h | 227.09 | −0.106% | $118K | $53K | 10x | as long as short |
| Aster NVDAUSDT | +0.0014% | 8h | 227.18 | −0.066% | $482K | $569K | 20x | as long as short |
| Lighter NVDA | +0.0040% | 1h | 227.16 | −0.077% | $2.1M | $3.3M | 20x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.15 | −0.079% | $399K | $738K | 20x | as long as short |
| QFEX NVDA-USD | +0.0041% | 1h | 227.23 | −0.044% | $1.3M | $9.1M | 10x | as long as short |
| Variational Omni NVDA | +0.0043% | 8h | 227.27 | −0.028% | $3.6M | $2.2M | — | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.36 | +0.013% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.07 | −0.114% | $147.6M | $43.5M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.18 | −0.066% | $401K | $276K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.10 | −0.101% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.03 | −0.132% | $1.6M | $2.0M | 15x | as long as short |
| Nado NVDA-PERP | +0.0056% | 1h | 227.17 | −0.072% | $483K | $227K | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.16 | −0.075% | $298K | $50K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 227.23 | −0.044% | $1.6M | $728K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.14 | −0.084% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.17 | −0.070% | $36K | $21K | 20x | as long as short |
| Binance NVDAUSDT | +0.0100% | 8h | 227.20 | −0.057% | $155.8M | $216.2M | 50x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.17 | −0.069% | — | — | 10x | as long as short |
| Lighter RH NVDAlong | +0.0128% | 1h | 227.33 | long leg | $5.1M | $7.1M | 20x | |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 227.11 | −0.097% | $1.3M | $782K | 10x | as long as short |
| Phoenix NVDAshort | +0.0141% | 1h | 227.19 | −0.062% | $93K | $112K | 20x | |
| Extended NVDA_24_5-USD | +0.0192% | 1h | 227.04 | −0.128% | $672K | $780K | 10x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.52 | +0.084% | $73K | $138 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0220% | 8h | 227.22 | −0.048% | $720K | $201K | 20x | as long as short |
| edgeX NVDAUSDC | +0.0478% | 4h | 227.22 | −0.050% | $170K | $1.9M | 20x | as long as short |
Aftermath Perps NVDAUSD
Aster NVDAUSDT
Lighter NVDA
Arcus NVDA-USD
QFEX NVDA-USD
Variational Omni NVDA
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Nado NVDA-PERP
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Binance NVDAUSDT
Aevo NVDA-PERP
Coinbase International NVDA-PERP-INTX
Extended NVDA_24_5-USD
Injective NVDA/USDC PERP
BloFin NVDA-USDT
edgeX NVDAUSDC