NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.026%

Price spread now: QFEX against Lighter RH−0.053%7-day average −0.067% · 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−$14as in the Price arb table

costs, in and out, $10k−$150.154% of the position

Long on Lighter RH Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.050%−$5 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.053%, 7d avg −0.067%

Together, before fees−0.063%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.050% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NVDA	227.86	0.0240	pay 0.0030% / 1h	55m 26s	$5.1M	$7.0M	20x
Short	QFEX NVDA-USD	227.74	0.0044	get 0.0005% / 1h	55m 26s	$1.4M	$9.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$41.18
Price spread: −0.053% → −0.067%: $1.42
Slippage, 4 orders: −$5.44
Fee Lighter RH: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$55.2
Costs to cover: 0.154%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; QFEX: live order book, 9 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	0.88 bp	1.1 bp −$1	2.4 bp −$24	34.5 bp −$3,455	doesn't fit
Sell QFEX live order book, 9 min ago	1.76 bp	6.8 bp −$7	8.7 bp −$87	13.7 bp −$1,366	doesn't fit

NVDA on 34 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	227.75	−0.048%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.75	−0.048%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.70	−0.070%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.81	−0.022%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.76	−0.044%	$20K	$386K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.29	−0.250%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.84	−0.009%	$198K	$481K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.78	−0.035%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0001%	8h	227.77	−0.041%	$484K	$590K	20x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.60	−0.114%	$35K	—	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0014%	1h	227.55	−0.136%	$118K	$54K	10x	as long as short
Variational Omni NVDA	+0.0024%	8h	227.76	−0.045%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.74	−0.053%	$406K	$712K	20x	as long as short
QFEX NVDA-USDshort	+0.0044%	1h	227.74	−0.053%	$1.4M	$9.7M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.81	−0.022%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.59	−0.118%	$148.1M	$44.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.68	−0.079%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.61	−0.110%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.59	−0.118%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.176%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0086%	8h	227.77	−0.039%	$156.3M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.60	−0.114%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	−0.127%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.72	−0.061%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.69	−0.074%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.64	−0.097%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0129%	8h	227.77	−0.039%	$1.6M	$727K	20x	as long as short
Nado NVDA-PERP	+0.0159%	1h	227.58	−0.123%	$484K	$229K	20x	as long as short
Extended NVDA_24_5-USD	+0.0192%	1h	227.53	−0.143%	$689K	$714K	10x	as long as short
Lighter NVDA	+0.0208%	1h	227.72	−0.060%	$2.2M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.022%	$73K	$134	30x	as long as short
Lighter RH NVDAlong	+0.0240%	1h	227.86	long leg	$5.1M	$7.0M	20x
edgeX NVDAUSDC	+0.0275%	4h	227.76	−0.043%	$170K	$1.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0365%	1h	227.69	−0.075%	$49K	$1.6M	10x	as long as short