NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0060%/8h= −6.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.033%

Price spread now: Aftermath Perps against Phoenix−0.035%63s7-day average −0.030% · you buy dearer than you sell

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−$480.484% of the position

Long on Phoenix Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.123%−$12 on $10k

Price spread, last 3 days (all we have)−0.025%−$2 · spread now −0.035%, 7d avg −0.030%

Together, before fees−0.148%−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 63 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	Phoenix NVDA	227.25	0.0070	pay 0.0009% / 1h	35m 47s	$93K	$112K	20x
Short	Aftermath Perps NVDAUSD	227.17	0.0011	get 0.0001% / 1h	35m 47s	$118K	$55K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phoenix. 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 PhoenixbpFee Aftermath PerpsbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$12.5
Price spread: −0.035% → −0.030%: −$0.54
Slippage, 4 orders: −$32.41
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$61.45
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from Phoenix: live order book, 39 min ago; Aftermath Perps: live order book, 48 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 Phoenix live order book, 39 min ago	2.64 bp	8.6 bp −$9	18.0 bp −$180	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 48 min ago	9.12 bp	15.6 bp −$16	66.5 bp −$665	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
Aster NVDAUSDT	0.0000%	8h	227.48	+0.102%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.45	+0.088%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.45	+0.088%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.40	+0.066%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.34	+0.039%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.35	+0.044%	$20K	$446K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.04	−0.092%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	+0.070%	$202K	$522K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.47	+0.097%	$2.2M	$41K	10x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.51	+0.113%	$156.2M	$220.9M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSDshort	+0.0011%	1h	227.17	−0.035%	$118K	$55K	10x
Bitget NVDAUSDT	+0.0019%	8h	227.49	+0.106%	$15.6M	$18.0M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.25	−0.002%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.45	+0.088%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.50	+0.110%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.30	+0.022%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	+0.057%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.29	+0.018%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.27	+0.009%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDAlong	+0.0070%	1h	227.25	long leg	$93K	$112K	20x
Nado NVDA-PERP	+0.0072%	1h	227.32	+0.030%	$484K	$227K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.45	+0.088%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.106%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.30	+0.022%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.37	+0.053%	$1.6M	$752K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.22	−0.013%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.43	+0.079%	$36K	$22K	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.49	+0.106%	$714K	$205K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.59	+0.150%	$4.9M	$7.0M	20x	as long as short
Lighter NVDA	+0.0144%	1h	227.48	+0.102%	$2.1M	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.37	+0.053%	$49K	$1.5M	10x	as long as short
Hotstuff NVDA-PERP	+0.0152%	1h	227.33	+0.035%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.158%	$73K	$136	30x	as long as short
edgeX NVDAUSDC	+0.0268%	4h	227.36	+0.048%	$170K	$1.9M	20x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.35	+0.044%	$388K	$709K	20x	as long as short