Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.039%

Price spread now: Lighter against OKX−0.037%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$130.131% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.037%, 7d avg −0.028%

Together, before fees+0.169%+ Points / potential airdropLighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	227.41	0	get 0.0000% / 8h	5h 27m	$14.4M	$20.5M	50x
Short	Lighter NVDA	227.33	0.0048	get 0.0006% / 1h	27m 23s	$2.1M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.037%Rate

Funding earned: $10.08
Price spread: −0.037% → −0.028%: −$0.86
Slippage, 4 orders: −$3.07
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.85
Costs to cover: 0.131%
Break-even: 9.7 days

Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 3 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 OKX live order book, 4 min ago	0.22 bp	6.1 bp −$6	7.5 bp −$75	16.8 bp −$1,678	doesn't fit
Sell Lighter live order book, 3 min ago	0.37 bp	0.6 bp −$1	1.7 bp −$17	9.9 bp −$993	doesn't fit

NVDA on 35 exchanges

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
Hotstuff NVDA-PERP	−0.1600%	1h	227.23	−0.079%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.39	−0.009%	$12.6M	$16.0M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	227.41	long leg	$14.4M	$20.5M	50x
Gate NVDA_USDT	0.0000%	8h	227.35	−0.026%	$7.2M	$9.2M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.46	+0.022%	$15.6M	$15.9M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.00	−0.180%	$2K	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.22	−0.084%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.49	+0.035%	$199K	$399K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.37	−0.018%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.16	−0.111%	$117K	$52K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.15	−0.116%	$613K	$926K	10x	as long as short
Aster NVDAUSDT	+0.0040%	8h	227.37	−0.019%	$484K	$565K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.34	−0.031%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.53	+0.053%	—	$74K	25x	as long as short
Lighter NVDAshort	+0.0048%	1h	227.33	−0.037%	$2.1M	$3.1M	20x
tradeXYZ xyz:NVDA	+0.0050%	1h	227.26	−0.066%	$149.1M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.30	−0.048%	$392K	$233K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.23	−0.079%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.20	−0.092%	$1.5M	$1.9M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0051%	8h	227.25	−0.070%	$20K	$427K	10x	as long as short
edgeX NVDAUSDC	+0.0063%	4h	227.38	−0.015%	$171K	$1.9M	20x	as long as short
Nado NVDA-PERP	+0.0096%	1h	227.25	−0.070%	$478K	$208K	20x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.48	+0.031%	$5.3M	$7.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.18	−0.099%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.22	−0.084%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.37	−0.018%	$36K	$19K	20x	as long as short
Variational Omni NVDA	+0.0122%	8h	227.19	−0.096%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.37	−0.017%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	227.12	−0.128%	$1.3M	$660K	10x	as long as short
KuCoin NVDAUSDTM	+0.0139%	8h	227.36	−0.022%	$1.6M	$1.4M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.10	−0.136%	$93K	$82K	20x	as long as short
Binance NVDAUSDT	+0.0177%	8h	227.43	+0.009%	$155.9M	$224.4M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.63	+0.097%	$73K	$137	30x	as long as short
BloFin NVDA-USDT	+0.0294%	8h	227.41	0.000%	$738K	$201K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.29	−0.053%	$384K	$706K	20x	as long as short