Funding you earn now, next payment 08:00 UTC−0.0159%/8h= −17.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.007%
Price spread now: Nado against Phoenix+0.001%57s7-day average — · you sell dearer than you buy
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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 57 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 | 226.19 | 0.0212 | pay 0.0027% / 1h | 45m 55s | $93K | $83K | 20x |
| Short | Nado NVDA-PERP | 226.19 | 0.0054 | get 0.0007% / 1h | 45m 55s | $480K | $223K | 20x |
Phoenix NVDA
Nado NVDA-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$33.29
- Price spread: +0.001% → 0.000%
- $0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$47.17
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Nado: live order book, 52 min ago. 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 no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 52 min ago | 1.55 bp | 13.3 bp −$13 | 24.1 bp −$241 | doesn't fit | doesn't fit |
Phoenix: 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 | 226.28 | +0.040% | $12.5M | $14.5M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.31 | +0.053% | $14.1M | $20.3M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.28 | +0.040% | $7.2M | $9.9M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.39 | +0.088% | $15.8M | $16.3M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 225.99 | −0.088% | $2K | $3.5M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | 0.0000% | 1h | 226.25 | +0.027% | $53K | $1.9M | 10x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 226.46 | +0.119% | $198K | $437K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 226.57 | +0.168% | $2.2M | $41K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0014% | 1h | 226.20 | +0.003% | $117K | $52K | 10x | as long as short |
| Lighter NVDA | +0.0032% | 1h | 226.29 | +0.046% | $2.1M | $3.2M | 20x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
Deribit NVDA_USDC-PERPETUAL
HTX NVDA-USDT
Phemex NVDAUSDT
Aftermath Perps NVDAUSD
Lighter NVDAShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH NVDA | +0.0040% | 1h | 226.47 | +0.124% | $5.1M | $6.9M | 20x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 226.26 | +0.031% | $392K | $736K | 20x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.47 | +0.124% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.19 | 0.000% | $146.9M | $43.3M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 226.14 | −0.022% | $391K | $242K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.21 | +0.009% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.11 | −0.035% | $1.6M | $1.9M | 15x | as long as short |
| Nado NVDA-PERPshort | +0.0054% | 1h | 226.19 | +0.001% | $480K | $223K | 20x | |
| GRVT NVDA_USDT_Perp | +0.0055% | 8h | 226.45 | +0.115% | $21K | $428K | 10x | as long as short |
| QFEX NVDA-USD | +0.0072% | 1h | 226.30 | +0.049% | $1.3M | $9.1M | 10x | as long as short |
| Aster NVDAUSDT | +0.0080% | 8h | 226.34 | +0.067% | $482K | $538K | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0096% | 1h | 226.19 | +0.002% | $644K | $879K | 10x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.16 | −0.015% | $297K | $50K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.29 | +0.044% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.30 | +0.049% | $36K | $20K | 20x | as long as short |
| Hotstuff NVDA-PERP | +0.0104% | 1h | 226.30 | +0.049% | $35K | — | 20x | as long as short |
| Variational Omni NVDA | +0.0106% | 8h | 226.32 | +0.056% | $3.2M | $2.5M | — | as long as short |
| KuCoin NVDAUSDTM | +0.0109% | 8h | 226.34 | +0.066% | $1.6M | $903K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0120% | 1h | 226.32 | +0.056% | — | — | 10x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0136% | 1h | 226.29 | +0.044% | $1.3M | $696K | 10x | as long as short |
| Binance NVDAUSDT | +0.0166% | 8h | 226.34 | +0.066% | $155.1M | $221.0M | 50x | as long as short |
| Phoenix NVDAlong | +0.0212% | 1h | 226.19 | long leg | $93K | $83K | 20x | |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 226.97 | +0.345% | $73K | $136 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0286% | 8h | 226.36 | +0.075% | $711K | $197K | 20x | as long as short |
| edgeX NVDAUSDC | +0.0520% | 4h | 226.38 | +0.086% | $171K | $1.9M | 20x | as long as short |
Lighter RH NVDA
Arcus NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
GRVT NVDA_USDT_Perp
QFEX NVDA-USD
Aster NVDAUSDT
Extended NVDA_24_5-USD
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Hotstuff NVDA-PERP
Variational Omni NVDA
KuCoin NVDAUSDTM
Aevo NVDA-PERP
Coinbase International NVDA-PERP-INTX
Binance NVDAUSDT
Injective NVDA/USDC PERP
BloFin NVDA-USDT
edgeX NVDAUSDC