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

NVDA

RWAall NVDA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.025%
Price spread now: Lighter RH against OKX+0.062%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$150.145% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.074%+$7 on $10k
Price spread, last 7 days−0.031%−$3 · spread now +0.062%, 7d avg +0.022%
Together, before fees+0.043%+ Points / potential airdropLighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter RH is 0.040% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NVDA-USDT-SWAP227.610get 0.0000% / 8h4h 16m$14.4M$20.4M50x
ShortLighter RH NVDA227.750.0144get 0.0018% / 1h16m 52s$5.1M$7.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Funding earned
$30.24
Price spread: +0.062% → +0.022%
$3.96
Slippage, 4 orders
−$4.54
Fee OKX: 5 bp × 2 orders
−$10
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$19.66
Costs to cover
0.145%
Break-even
2.4 days
Slippage from OKX: live order book, 2 min ago; Lighter RH: live order book, 2 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 OKX live order book, 2 min ago0.22 bp5.3 bp −$56.7 bp −$6714.7 bp −$1,475doesn't fit
Sell Lighter RH live order book, 2 min ago1.32 bp1.3 bp −$14.1 bp −$4134.8 bp −$3,484doesn'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
Bybit NVDAUSDT0.0000%8h227.60−0.004%$12.7M$14.8M100xas long as short
OKX NVDA-USDT-SWAPlong0.0000%8h227.61long leg$14.4M$20.4M50x
Gate NVDA_USDT0.0000%8h227.57−0.018%$7.2M$9.7M100xas long as short
Bitget NVDAUSDT0.0000%8h227.66+0.022%$15.5M$16.4M100xas long as short
SunX NVDA-USDT0.0000%8h227.32−0.127%$1K$3.7M20xas long as short
HTX NVDA-USDT0.0000%8h227.64+0.013%$198K$469K30xas long as short
Phemex NVDAUSDT0.0000%4h227.77+0.070%$2.2M$43K10xas long as short
Aftermath Perps NVDAUSD+0.0014%1h227.64+0.012%$118K$54K10xas long as short
GRVT NVDA_USDT_Perp+0.0027%8h227.68+0.033%$20K$390K10xas long as short
Aster NVDAUSDT+0.0033%8h227.66+0.021%$483K$590K20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NVDA-USD+0.0040%1h227.60−0.004%$399K$741K20xas long as short
Vest NVDA-USD-PERP+0.0046%1h227.76+0.066%$74K25xas long as short
tradeXYZ xyz:NVDA+0.0050%1h227.48−0.057%$147.8M$43.5M20xas long as short
Polymarket Perps NVDA-USD+0.0050%1h227.610.000%$401K$276K10xas long as short
SoDEX NVDA-USD+0.0050%1h227.48−0.057%$58K$19K10xas long as short
Ondo Perps NVDA-USD.P+0.0050%1h227.37−0.105%$1.6M$2.0M15xas long as short
QFEX NVDA-USD+0.0057%1h227.58−0.013%$1.3M$9.2M10xas long as short
Variational Omni NVDA+0.0063%8h227.74+0.058%$3.5M$2.1Mas long as short
Nado NVDA-PERP+0.0072%1h227.52−0.039%$484K$228K20xas long as short
Lighter NVDA+0.0080%1h227.60−0.004%$2.2M$3.3M20xas long as short
Hotstuff NVDA-PERP+0.0088%1h227.49−0.053%$35K20xas long as short
Pacifica NVDA+0.0100%1h227.50−0.048%$299K$51K10xas long as short
ApeX Omni NVDAUSDT+0.0100%1h227.52−0.040%$16K$44K50xas long as short
Orderly PERP_NVDA_USDC+0.0100%8h227.59−0.009%$36K$21K20xas long as short
Coinbase International NVDA-PERP-INTX+0.0104%1h227.53−0.035%$1.3M$775K10xas long as short
Aevo NVDA-PERP+0.0112%1h227.62+0.006%10xas long as short
Binance NVDAUSDT+0.0118%8h227.65+0.018%$156.2M$215.8M50xas long as short
KuCoin NVDAUSDTM+0.0132%8h227.67+0.026%$1.6M$723K20xas long as short
Phoenix NVDA+0.0141%1h227.68+0.031%$94K$112K20xas long as short
Lighter RH NVDAshort+0.0144%1h227.75+0.062%$5.1M$7.1M20x
Deribit NVDA_USDC-PERPETUAL+0.0146%1h227.54−0.031%$49K$1.6M10xas long as short
Injective NVDA/USDC PERP+0.0220%1h227.91+0.132%$73K$13830xas long as short
BloFin NVDA-USDT+0.0238%8h227.68+0.031%$722K$201K20xas long as short
Extended NVDA_24_5-USD+0.0392%1h227.49−0.053%$679K$743K10xas long as short
edgeX NVDAUSDC+0.0972%4h227.66+0.022%$171K$1.9M20xas long as short