Funding you earn now, next payment 04:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.11 per $10,000 · paid last 24h −0.029%
Price spread now: Ondo Perps against Phoenix−0.040%7-day average −0.070% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.040%, 7d avg −0.070%
=Together, before fees−0.128%+ Points / potential airdropOndo Perps: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.030% dearer against Phoenix than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.070%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NVDA | 227.30 | 0.0141 | pay 0.0018% / 1h | 49m 30s | $93K | $112K | 20x |
| Short | Ondo Perps NVDA-USD.P | 227.21 | 0.0050 | get 0.0006% / 1h | 49m 30s | $1.6M | $2.0M | 15x |
Phoenix NVDA
Ondo Perps NVDA-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.94
- Price spread: −0.040% → −0.070%
- $3.03
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$27.91
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 61 min ago; Ondo Perps: 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, 61 min ago | 2.64 bp | 8.6 bp −$9 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NVDA-PERP | −0.0008% | 1h | 227.25 | −0.022% | $35K | — | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 227.37 | +0.031% | $12.7M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.33 | +0.013% | $14.4M | $20.4M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.30 | 0.000% | $7.2M | $9.6M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.37 | +0.031% | $15.4M | $16.3M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.53 | +0.101% | $20K | $390K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.01 | −0.128% | $2K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.60 | +0.132% | $198K | $465K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.56 | +0.114% | $2.2M | $43K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0013% | 1h | 227.34 | +0.017% | $118K | $53K | 10x | as long as short |
Hotstuff NVDA-PERP
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 NVDAUSDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NVDAUSDT | +0.0019% | 8h | 227.37 | +0.032% | $483K | $590K | 20x | as long as short |
| Lighter NVDA | +0.0040% | 1h | 227.33 | +0.014% | $2.1M | $3.3M | 20x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.41 | +0.048% | $399K | $741K | 20x | as long as short |
| QFEX NVDA-USD | +0.0041% | 1h | 227.36 | +0.026% | $1.3M | $9.1M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.49 | +0.084% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.21 | −0.040% | $147.7M | $43.4M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.35 | +0.022% | $401K | $276K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.28 | −0.009% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.Pshort | +0.0050% | 1h | 227.21 | −0.040% | $1.6M | $2.0M | 15x | |
| Variational Omni NVDA | +0.0052% | 8h | 227.47 | +0.073% | $3.6M | $2.2M | — | as long as short |
| Nado NVDA-PERP | +0.0058% | 1h | 227.27 | −0.012% | $483K | $227K | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.27 | −0.015% | $298K | $51K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.41 | +0.048% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.30 | 0.000% | $36K | $21K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.40 | +0.046% | — | — | 10x | as long as short |
| Binance NVDAUSDT | +0.0105% | 8h | 227.36 | +0.026% | $155.9M | $215.8M | 50x | as long as short |
| KuCoin NVDAUSDTM | +0.0112% | 8h | 227.40 | +0.044% | $1.6M | $724K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 227.53 | +0.101% | $1.3M | $775K | 10x | as long as short |
| Lighter RH NVDA | +0.0136% | 1h | 227.50 | +0.088% | $5.1M | $7.1M | 20x | as long as short |
| Phoenix NVDAlong | +0.0141% | 1h | 227.30 | long leg | $93K | $112K | 20x | |
| edgeX NVDAUSDC | +0.0174% | 4h | 227.50 | +0.090% | $171K | $1.9M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0190% | 1h | 227.35 | +0.022% | $49K | $1.7M | 10x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.83 | +0.233% | $73K | $136 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0226% | 8h | 227.52 | +0.097% | $720K | $201K | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0232% | 1h | 227.21 | −0.037% | $675K | $776K | 10x | as long as short |
Aster NVDAUSDT
Lighter NVDA
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Variational Omni NVDA
Nado NVDA-PERP
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Binance NVDAUSDT
KuCoin NVDAUSDTM
Coinbase International NVDA-PERP-INTX
Lighter RH NVDA
edgeX NVDAUSDC
Deribit NVDA_USDC-PERPETUAL
Injective NVDA/USDC PERP
BloFin NVDA-USDT
Extended NVDA_24_5-USD