NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h +0.016%

Price spread now: Lighter against Pacifica+0.026%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$200.205% of the position

Long on Pacifica Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.026%, 7d avg +0.052%

Together, before fees+0.118%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.025% cheaper against Pacifica than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.052%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.116%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	226.72	0.0100	pay 0.0013% / 1h	55m 10s	$298K	$50K	10x
Short	Lighter NVDA	226.78	0.0032	get 0.0004% / 1h	55m 10s	$2.1M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$14.28
Price spread: +0.026% → +0.052%: −$2.53
Slippage, 4 orders: −$12.49
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.31
Costs to cover: 0.205%
Break-even: never at this rate

Slippage from Pacifica: live order book, 58 min ago; Lighter: live order book, 2 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, 58 min ago	1.98 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	0.33 bp	0.4 bp $0	1.3 bp −$13	13.7 bp −$1,371	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
Aster NVDAUSDT	0.0000%	8h	226.88	+0.072%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.83	+0.048%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.83	+0.048%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.81	+0.039%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.83	+0.048%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.86	+0.061%	$21K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.47	−0.111%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.72	−0.001%	$52K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.94	+0.096%	$198K	$463K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.89	+0.074%	$2.2M	$43K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0008%	1h	226.69	−0.014%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0009%	1h	226.58	−0.062%	$117K	$53K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	226.84	+0.050%	$3.6M	$2.1M	—	as long as short
Lighter NVDAshort	+0.0032%	1h	226.78	+0.026%	$2.1M	$3.3M	20x
Arcus NVDA-USD	+0.0040%	1h	226.73	+0.004%	$398K	$733K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.82	+0.043%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.91	+0.083%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.72	−0.001%	$147.3M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.78	+0.026%	$399K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.68	−0.018%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.57	−0.067%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0065%	1h	226.72	−0.001%	$482K	$226K	20x	as long as short
Binance NVDAUSDT	+0.0084%	8h	226.87	+0.066%	$155.2M	$217.0M	50x	as long as short
Pacifica NVDAlong	+0.0100%	1h	226.72	long leg	$298K	$50K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	226.83	+0.048%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.70	−0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.78	+0.026%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.78	+0.025%	—	—	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.94	+0.096%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.63	−0.040%	$1.3M	$782K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	226.71	−0.005%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0204%	8h	226.89	+0.074%	$719K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.176%	$73K	$135	30x	as long as short
Extended NVDA_24_5-USD	+0.0240%	1h	226.66	−0.029%	$668K	$767K	10x	as long as short
edgeX NVDAUSDC	+0.0517%	4h	226.79	+0.029%	$170K	$1.9M	20x	as long as short