NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.015%

Price spread now: Deribit against Pacifica+0.061%7-day average +0.022% · 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−$31as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.060%+$6 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.061%, 7d avg +0.022%

Together, before fees−0.025%+ Points / potential airdropPacifica: Active · farm board−$2 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 Deribit is 0.039% dearer against Pacifica than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	226.48	0.0100	pay 0.0013% / 1h	18m 43s	$297K	$48K	10x
Short	Deribit NVDA_USDC-PERPETUAL	226.62	0.0236	get 0.0029% / 1h	18m 43s	$53K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.061%Rate

Funding earned: $28.48
Price spread: +0.061% → +0.022%: $3.87
Slippage, 4 orders: −$20.03
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$2.67
Costs to cover: 0.350%
Break-even: 7.7 days

Slippage from Pacifica: live order book, 30 min ago; Deribit: live order book, 5 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, 30 min ago	1.54 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	3.76 bp	7.7 bp −$8	7.9 bp −$79	doesn't fit	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	−0.0096%	1h	226.49	+0.004%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	226.68	+0.086%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.68	+0.088%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.65	+0.074%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.63	+0.065%	$7.3M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.71	+0.101%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.43	−0.021%	$22K	$412K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.37	−0.049%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.47	−0.005%	$198K	$458K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.76	+0.123%	$2.2M	$42K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0006%	8h	226.43	−0.025%	$3.6M	$2.1M	—	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	226.29	−0.085%	$117K	$52K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.44	−0.018%	$398K	$728K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.62	+0.061%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.71	+0.101%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.53	+0.021%	$147.2M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.61	+0.057%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.49	+0.004%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.19	−0.129%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0056%	1h	226.66	+0.079%	$2.1M	$3.4M	20x	as long as short
Nado NVDA-PERP	+0.0080%	1h	226.52	+0.015%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	226.70	+0.096%	$154.5M	$218.5M	50x	as long as short
Pacifica NVDAlong	+0.0100%	1h	226.48	long leg	$297K	$48K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	226.56	+0.035%	$1.6M	$740K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.27	−0.093%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.64	+0.070%	$36K	$21K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	226.78	+0.132%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.67	+0.085%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.31	−0.076%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.085%	$1.3M	$789K	10x	as long as short
BloFin NVDA-USDT	+0.0201%	8h	226.70	+0.096%	$716K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.71	+0.101%	$73K	$138	30x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0236%	1h	226.62	+0.061%	$53K	$1.8M	10x
Extended NVDA_24_5-USD	+0.0352%	1h	226.44	−0.018%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0461%	4h	226.45	−0.015%	$170K	$1.9M	20x	as long as short