NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h +0.029%

Price spread now: Phoenix against Ondo Perps+0.110%108s7-day average +0.070% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.110%, 7d avg +0.070%

Together, before fees+0.058%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.040% dearer against Ondo Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.070%. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NVDA-USD.P	227.21	0.0050	pay 0.0006% / 1h	49m 32s	$1.6M	$2.0M	15x
Short	Phoenix NVDA	227.46	0.0141	get 0.0018% / 1h	49m 32s	$94K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Ondo Perps. 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 Ondo PerpsbpFee PhoenixbpOrdersPrice spread, now +0.110%Rate

Funding earned: $18.94
Price spread: +0.110% → +0.070%: $4.02
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $10.96
Costs to cover: 0.120%
Break-even: 3.0 days

Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 61 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 61 min ago	2.64 bp	8.6 bp −$9	18.0 bp −$180	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff NVDA-PERP	−0.0008%	1h	227.25	+0.018%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.37	+0.070%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.33	+0.053%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.32	+0.048%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.38	+0.075%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.53	+0.141%	$20K	$390K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.01	−0.088%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.60	+0.172%	$198K	$465K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.56	+0.154%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.37	+0.069%	$118K	$53K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0019%	8h	227.38	+0.075%	$483K	$590K	20x	as long as short
Lighter NVDA	+0.0040%	1h	227.33	+0.053%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.41	+0.088%	$399K	$741K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.36	+0.066%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.53	+0.141%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.21	0.000%	$147.7M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.39	+0.079%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.28	+0.031%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Plong	+0.0050%	1h	227.21	long leg	$1.6M	$2.0M	15x
Variational Omni NVDA	+0.0052%	8h	227.47	+0.112%	$3.6M	$2.2M	—	as long as short
Nado NVDA-PERP	+0.0057%	1h	227.30	+0.041%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.27	+0.025%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.41	+0.088%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.34	+0.057%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.40	+0.086%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0105%	8h	227.36	+0.066%	$155.9M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0112%	8h	227.40	+0.084%	$1.6M	$724K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.53	+0.141%	$1.3M	$775K	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.50	+0.128%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDAshort	+0.0141%	1h	227.46	+0.110%	$94K	$112K	20x
edgeX NVDAUSDC	+0.0174%	4h	227.50	+0.130%	$171K	$1.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.35	+0.062%	$49K	$1.7M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.83	+0.273%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0226%	8h	227.52	+0.136%	$720K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0232%	1h	227.21	+0.002%	$675K	$776K	10x	as long as short