Settings8H · net · $10k
Funding arb · Price arb /

NVDA

RWAall NVDA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0079%/8h= +8.7% APRnext payment +$0.10 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter RH against Nado+0.124%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$250.246% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.027%+$3 on $10k
Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.124%, 7d avg +0.070%
Together, before fees−0.026%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter RH is 0.054% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.070%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado NVDA-PERP227.550.0129pay 0.0016% / 1h4m 33s$484K$228K20x
ShortLighter RH NVDA227.830.0208get 0.0026% / 1h4m 33s$5.1M$7.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Nado. 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

Funding earned
$16.65
Price spread: +0.124% → +0.070%
$5.38
Slippage, 4 orders
−$17.63
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$2.6
Costs to cover
0.246%
Break-even
8.1 days
Slippage from Nado: live order book, 58 min ago; Lighter RH: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 58 min ago1.10 bp8.9 bp −$922.0 bp −$220doesn't fitdoesn't fit
Sell Lighter RH live order book, 4 min ago0.88 bp0.9 bp −$13.6 bp −$3632.8 bp −$3,285doesn't fit

NVDA on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NVDA-PERP−0.0072%1h227.54−0.004%$35K20xas long as short
Bybit NVDAUSDT0.0000%8h227.68+0.058%$12.7M$14.8M100xas long as short
OKX NVDA-USDT-SWAP0.0000%8h227.73+0.080%$14.4M$20.3M50xas long as short
Gate NVDA_USDT0.0000%8h227.65+0.045%$7.2M$9.6M100xas long as short
Bitget NVDAUSDT0.0000%8h227.74+0.084%$15.5M$16.4M100xas long as short
SunX NVDA-USDT0.0000%8h227.18−0.162%$2K$3.7M20xas long as short
HTX NVDA-USDT0.0000%8h227.76+0.093%$198K$475K30xas long as short
Phemex NVDAUSDT0.0000%4h227.72+0.076%$2.2M$43K10xas long as short
Aftermath Perps NVDAUSD+0.0015%1h227.550.000%$118K$54K10xas long as short
Aster NVDAUSDT+0.0025%8h227.68+0.059%$483K$590K20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT NVDA_USDT_Perp+0.0031%8h227.69+0.062%$21K$386K10xas long as short
Arcus NVDA-USD+0.0040%1h227.57+0.010%$406K$745K20xas long as short
QFEX NVDA-USD+0.0044%1h227.67+0.054%$1.4M$9.5M10xas long as short
Vest NVDA-USD-PERP+0.0046%1h227.76+0.093%$74K25xas long as short
tradeXYZ xyz:NVDA+0.0050%1h227.54−0.004%$147.9M$43.7M20xas long as short
Polymarket Perps NVDA-USD+0.0050%1h227.65+0.045%$402K$276K10xas long as short
SoDEX NVDA-USD+0.0050%1h227.49−0.025%$58K$19K10xas long as short
Ondo Perps NVDA-USD.P+0.0050%1h227.51−0.017%$1.6M$2.0M15xas long as short
Variational Omni NVDA+0.0052%8h227.61+0.028%$3.5M$2.1Mas long as short
Coinbase International NVDA-PERP-INTX+0.0072%1h227.53−0.008%$1.3M$775K10xas long as short
Pacifica NVDA+0.0100%1h227.58+0.014%$299K$51K10xas long as short
ApeX Omni NVDAUSDT+0.0100%1h227.52−0.012%$16K$44K50xas long as short
Orderly PERP_NVDA_USDC+0.0100%8h227.61+0.027%$36K$22K20xas long as short
Deribit NVDA_USDC-PERPETUAL+0.0102%1h227.57+0.010%$49K$1.6M10xas long as short
Phoenix NVDA+0.0105%1h227.49−0.025%$94K$112K20xas long as short
Binance NVDAUSDT+0.0109%8h227.73+0.078%$156.3M$215.8M50xas long as short
Aevo NVDA-PERP+0.0112%1h227.62+0.031%10xas long as short
Nado NVDA-PERPlong+0.0129%1h227.55long leg$484K$228K20x
KuCoin NVDAUSDTM+0.0143%8h227.71+0.071%$1.6M$726K20xas long as short
Lighter NVDA+0.0160%1h227.68+0.059%$2.2M$3.3M20xas long as short
Lighter RH NVDAshort+0.0208%1h227.83+0.124%$5.1M$7.1M20x
Injective NVDA/USDC PERP+0.0220%1h227.98+0.190%$73K$13930xas long as short
BloFin NVDA-USDT+0.0229%8h227.62+0.032%$722K$201K20xas long as short
edgeX NVDAUSDC+0.0279%4h227.65+0.047%$170K$1.9M20xas long as short
Extended NVDA_24_5-USD+0.0416%1h227.49−0.028%$686K$733K10xas long as short