NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0205%/8h= +22.5% APRnext payment +$0.26 per $10,000 · paid last 24h −0.007%

Price spread now: Arcus against Pacifica0.000%58s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.239% of the position

Long on Pacifica Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now 0.000%, 7d avg −0.043%

Together, before fees−0.143%+ Points / potential airdropPacifica: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Arcus is 0.043% dearer against Pacifica than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.043%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.010% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 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	Pacifica NVDA	227.21	0.0100	pay 0.0013% / 1h	38m 39s	$298K	$60K	10x
Short	Arcus NVDA-USD	227.21	0.0305	get 0.0038% / 1h	38m 39s	$388K	$709K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Pacifica. 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 PacificabpFee ArcusbpOrdersPrice spread, now 0.000%Rate

Funding earned: $43.06
Price spread: 0.000% → −0.043%: $4.33
Slippage, 4 orders: −$11.44
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $23.45
Costs to cover: 0.239%
Break-even: 3.2 days

Slippage from Pacifica: live order book, 45 min ago; Arcus: live order book, 45 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 Pacifica live order book, 45 min ago	0.88 bp	4.9 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 45 min ago	1.32 bp	5.6 bp −$6	9.2 bp −$92	39.7 bp −$3,973	doesn't fit

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	−0.0064%	1h	227.16	−0.022%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.31	+0.046%	$474K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.40	+0.083%	$156.1M	$220.7M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.36	+0.066%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.35	+0.062%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.29	+0.035%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.34	+0.057%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.30	+0.040%	$20K	$446K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.94	−0.119%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	+0.088%	$202K	$523K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.38	+0.075%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.08	−0.055%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0018%	8h	227.38	+0.075%	$15.6M	$18.1M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.17	−0.016%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.32	+0.048%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.39	+0.079%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.20	−0.004%	$147.2M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.23	+0.009%	$390K	$280K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.19	−0.009%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.09	−0.053%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0064%	1h	227.19	−0.008%	$483K	$227K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.20	−0.004%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.35	+0.060%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.088%	$1.3M	$888K	10x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.21	long leg	$298K	$60K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	227.30	+0.040%	$1.6M	$753K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.18	−0.013%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.32	+0.048%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	227.46	+0.110%	$4.9M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.38	+0.075%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.35	+0.060%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.176%	$73K	$136	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0234%	1h	227.28	+0.031%	$49K	$1.5M	10x	as long as short
Arcus NVDA-USDshort	+0.0305%	1h	227.21	0.000%	$388K	$709K	20x
edgeX NVDAUSDC	+0.0455%	4h	227.32	+0.048%	$170K	$1.9M	20x	as long as short