Funding you earn now, next payment 03:00 UTC−0.0030%/8h= −3.2% APRpaid last 24h −0.011%
Price spread now: Binance against Phoenix+0.040%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Funding, last 7 days−0.055%−$6 on $10k
+Price spread, last 4 days (all we have)+0.405%+$41 · spread now +0.040%, 7d avg +0.036%
=The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NVDA | 227.57 | 0.0141 | pay 0.0018% / 1h | 57m 35s | $94K | $112K | 20x |
| Short | Binance NVDAUSDT | 227.66 | 0.0111 | get 0.0111% / 8h | 3h 57m | $156.1M | $215.9M | 50x |
Phoenix NVDA
Binance NVDAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$6.22
- Price spread: +0.040% → +0.036%
- $0.35
- Slippage, 4 orders
- −$10.65
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$33.52
- Costs to cover
- 0.276%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 53 min ago; Binance: live order book, 16 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, 53 min ago | 2.64 bp | 8.6 bp −$9 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.22 bp | 5.2 bp −$5 | 5.9 bp −$59 | 19.2 bp −$1,922 | 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 | 227.64 | +0.031% | $12.7M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.63 | +0.026% | $14.4M | $20.5M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.60 | +0.013% | $7.2M | $9.6M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.66 | +0.040% | $15.5M | $16.3M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.66 | +0.041% | $20K | $390K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.27 | −0.132% | $2K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.71 | +0.062% | $198K | $467K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.66 | +0.040% | $2.2M | $43K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0013% | 1h | 227.42 | −0.064% | $118K | $54K | 10x | as long as short |
| Aster NVDAUSDT | +0.0026% | 8h | 227.67 | +0.042% | $483K | $590K | 20x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aftermath Perps NVDAUSD
Aster NVDAUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NVDA-USD | +0.0040% | 1h | 227.56 | −0.004% | $399K | $741K | 20x | as long as short |
| QFEX NVDA-USD | +0.0041% | 1h | 227.58 | +0.004% | $1.3M | $9.2M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.73 | +0.070% | — | $74K | 25x | as long as short |
| Hotstuff NVDA-PERP | +0.0048% | 1h | 227.51 | −0.026% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.50 | −0.031% | $147.9M | $43.5M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.59 | +0.009% | $401K | $276K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.53 | −0.018% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.42 | −0.066% | $1.6M | $2.0M | 15x | as long as short |
| Variational Omni NVDA | +0.0060% | 8h | 227.67 | +0.042% | $3.5M | $2.1M | — | as long as short |
| Nado NVDA-PERP | +0.0079% | 1h | 227.53 | −0.016% | $484K | $228K | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.50 | −0.031% | $299K | $51K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.52 | −0.022% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.62 | +0.022% | $36K | $21K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0102% | 1h | 227.58 | +0.004% | $49K | $1.7M | 10x | as long as short |
| Binance NVDAUSDTshort | +0.0111% | 8h | 227.66 | +0.040% | $156.1M | $215.9M | 50x | |
| Lighter NVDA | +0.0112% | 1h | 227.63 | +0.025% | $2.2M | $3.3M | 20x | as long as short |
| Aevo NVDA-PERP | +0.0112% | 1h | 227.65 | +0.034% | — | — | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0120% | 8h | 227.65 | +0.035% | $1.6M | $724K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 227.53 | −0.018% | $1.3M | $775K | 10x | as long as short |
| Phoenix NVDAlong | +0.0141% | 1h | 227.57 | long leg | $94K | $112K | 20x | |
| edgeX NVDAUSDC | +0.0164% | 4h | 227.64 | +0.032% | $171K | $1.9M | 20x | as long as short |
| Lighter RH NVDA | +0.0192% | 1h | 227.78 | +0.092% | $5.1M | $7.1M | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.92 | +0.154% | $73K | $135 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0231% | 8h | 227.61 | +0.018% | $722K | $201K | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0272% | 1h | 227.46 | −0.048% | $669K | $769K | 10x | as long as short |
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
Hotstuff NVDA-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Variational Omni NVDA
Nado NVDA-PERP
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Deribit NVDA_USDC-PERPETUAL
Lighter NVDA
Aevo NVDA-PERP
KuCoin NVDAUSDTM
Coinbase International NVDA-PERP-INTX
edgeX NVDAUSDC
Lighter RH NVDA
Injective NVDA/USDC PERP
BloFin NVDA-USDT
Extended NVDA_24_5-USD