Funding you earn now, next payment 03:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.022%
Price spread now: Aster against Phoenix+0.047%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.047%, 7d avg +0.027%
=Together, before fees−0.117%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.020% dearer against Phoenix than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of +0.027%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.091% in total) that is about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NVDA | 227.49 | 0.0141 | pay 0.0018% / 1h | 27m 14s | $94K | $112K | 20x |
| Short | Aster NVDAUSDT | 227.60 | 0.0033 | get 0.0033% / 8h | 4h 27m | $483K | $590K | 20x |
Phoenix NVDA
Aster NVDAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$22.51
- Price spread: +0.047% → +0.027%
- $2.01
- Slippage, 4 orders
- −$12.36
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$47.85
- Costs to cover
- 0.274%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 23 min ago; Aster: live order book, 30 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, 23 min ago | 2.64 bp | 8.6 bp −$9 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell Aster live order book, 30 min ago | 0.44 bp | 4.4 bp −$4 | 7.5 bp −$75 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NVDAUSDT | 0.0000% | 8h | 227.56 | +0.031% | $12.7M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.57 | +0.035% | $14.4M | $20.4M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.50 | +0.004% | $7.2M | $9.7M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.62 | +0.057% | $15.5M | $16.4M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.19 | −0.132% | $2K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.64 | +0.066% | $198K | $470K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.57 | +0.035% | $2.2M | $43K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0014% | 1h | 227.49 | 0.000% | $49K | $1.6M | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0016% | 1h | 227.44 | −0.021% | $118K | $54K | 10x | as long as short |
| Aster NVDAUSDTshort | +0.0033% | 8h | 227.60 | +0.047% | $483K | $590K | 20x |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Deribit NVDA_USDC-PERPETUAL
Aftermath Perps NVDAUSDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NVDA-USD | +0.0040% | 1h | 227.49 | 0.000% | $400K | $745K | 20x | as long as short |
| GRVT NVDA_USDT_Perp | +0.0041% | 8h | 227.60 | +0.048% | $21K | $391K | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.68 | +0.084% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.45 | −0.018% | $147.8M | $43.7M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.54 | +0.022% | $401K | $276K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.45 | −0.018% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.33 | −0.070% | $1.6M | $2.0M | 15x | as long as short |
| QFEX NVDA-USD | +0.0057% | 1h | 227.52 | +0.013% | $1.3M | $9.3M | 10x | as long as short |
| Lighter NVDA | +0.0064% | 1h | 227.55 | +0.027% | $2.2M | $3.3M | 20x | as long as short |
| Variational Omni NVDA | +0.0067% | 8h | 227.57 | +0.033% | $3.5M | $2.1M | — | as long as short |
| Nado NVDA-PERP | +0.0068% | 1h | 227.47 | −0.008% | $484K | $228K | 20x | as long as short |
| edgeX NVDAUSDC | +0.0069% | 4h | 227.56 | +0.029% | $170K | $1.9M | 20x | as long as short |
| Hotstuff NVDA-PERP | +0.0072% | 1h | 227.43 | −0.026% | $35K | — | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.44 | −0.021% | $299K | $51K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.46 | −0.013% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.50 | +0.004% | $36K | $21K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0104% | 1h | 227.53 | +0.018% | $1.3M | $775K | 10x | as long as short |
| Aevo NVDA-PERP | +0.0112% | 1h | 227.55 | +0.027% | — | — | 10x | as long as short |
| Binance NVDAUSDT | +0.0118% | 8h | 227.57 | +0.035% | $156.3M | $216.2M | 50x | as long as short |
| KuCoin NVDAUSDTM | +0.0135% | 8h | 227.59 | +0.044% | $1.6M | $724K | 20x | as long as short |
| Lighter RH NVDA | +0.0136% | 1h | 227.70 | +0.092% | $5.1M | $7.1M | 20x | as long as short |
| Phoenix NVDAlong | +0.0141% | 1h | 227.49 | long leg | $94K | $112K | 20x | |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.91 | +0.185% | $73K | $138 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0238% | 8h | 227.62 | +0.057% | $721K | $201K | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0368% | 1h | 227.42 | −0.031% | $679K | $742K | 10x | as long as short |
Arcus NVDA-USD
GRVT NVDA_USDT_Perp
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
QFEX NVDA-USD
Lighter NVDA
Variational Omni NVDA
Nado NVDA-PERP
edgeX NVDAUSDC
Hotstuff NVDA-PERP
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Coinbase International NVDA-PERP-INTX
Aevo NVDA-PERP
Binance NVDAUSDT
KuCoin NVDAUSDTM
Lighter RH NVDA
Injective NVDA/USDC PERP
BloFin NVDA-USDT
Extended NVDA_24_5-USD