Funding you earn now, next payment 02:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.065%
Price spread now: Hotstuff against Phoenix−0.022%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hotstuff is 0.022% cheaper against Phoenix than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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 | 227.61 | 0.0105 | pay 0.0013% / 1h | 40m 15s | $94K | $112K | 20x |
| Short | Hotstuff NVDA-PERP | 227.56 | 0.0016 | get 0.0002% / 1h | 40m 15s | $35K | — | 20x |
Phoenix NVDA
Hotstuff NVDA-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$18.79
- Price spread: −0.022% → 0.000%
- −$2.2
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$32.98
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 15 min ago; Hotstuff: no order-book sample. Net counts fees only.
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, 15 min ago | 2.63 bp | 8.6 bp −$9 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 227.70 | +0.040% | $12.7M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.72 | +0.048% | $14.4M | $20.2M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.67 | +0.026% | $7.2M | $9.6M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.78 | +0.075% | $15.5M | $16.4M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.71 | +0.045% | $20K | $384K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.27 | −0.149% | $2K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.76 | +0.066% | $198K | $479K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.75 | +0.062% | $2.2M | $43K | 10x | as long as short |
| Aster NVDAUSDT | +0.0003% | 8h | 227.72 | +0.049% | $484K | $590K | 20x | as long as short |
| Aftermath Perps NVDAUSD | +0.0011% | 1h | 227.53 | −0.037% | $118K | $54K | 10x | 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
Aster NVDAUSDT
Aftermath Perps NVDAUSDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NVDA-PERPshort | +0.0016% | 1h | 227.56 | −0.022% | $35K | — | 20x | |
| Variational Omni NVDA | +0.0027% | 8h | 227.69 | +0.035% | $3.5M | $2.0M | — | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.71 | +0.044% | $406K | $711K | 20x | as long as short |
| QFEX NVDA-USD | +0.0044% | 1h | 227.69 | +0.035% | $1.4M | $9.7M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.80 | +0.083% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.56 | −0.022% | $148.1M | $44.2M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.65 | +0.018% | $402K | $277K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.57 | −0.018% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.48 | −0.057% | $1.6M | $2.0M | 15x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0072% | 1h | 227.46 | −0.066% | $1.3M | $776K | 10x | as long as short |
| Binance NVDAUSDT | +0.0087% | 8h | 227.75 | +0.059% | $156.3M | $215.1M | 50x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.55 | −0.026% | $299K | $60K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.54 | −0.031% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.68 | +0.031% | $36K | $22K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.69 | +0.037% | — | — | 10x | as long as short |
| Phoenix NVDAlong | +0.0105% | 1h | 227.61 | long leg | $94K | $112K | 20x | |
| Nado NVDA-PERP | +0.0112% | 1h | 227.58 | −0.011% | $484K | $228K | 20x | as long as short |
| KuCoin NVDAUSDTM | +0.0128% | 8h | 227.74 | +0.057% | $1.6M | $724K | 20x | as long as short |
| Lighter NVDA | +0.0160% | 1h | 227.70 | +0.041% | $2.2M | $3.2M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0190% | 1h | 227.63 | +0.009% | $49K | $1.6M | 10x | as long as short |
| Lighter RH NVDA | +0.0200% | 1h | 227.83 | +0.097% | $5.1M | $7.0M | 20x | as long as short |
| BloFin NVDA-USDT | +0.0207% | 8h | 227.72 | +0.048% | $723K | $202K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.96 | +0.154% | $73K | $136 | 30x | as long as short |
| Extended NVDA_24_5-USD | +0.0272% | 1h | 227.50 | −0.046% | $689K | $714K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0445% | 4h | 227.67 | +0.025% | $170K | $1.9M | 20x | as long as short |
Variational Omni NVDA
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Coinbase International NVDA-PERP-INTX
Binance NVDAUSDT
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Nado NVDA-PERP
KuCoin NVDAUSDTM
Lighter NVDA
Deribit NVDA_USDC-PERPETUAL
Lighter RH NVDA
BloFin NVDA-USDT
Injective NVDA/USDC PERP
Extended NVDA_24_5-USD
edgeX NVDAUSDC