NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0005%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h −0.014%

Price spread now: Pacifica against Phoenix−0.025%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Phoenix Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now −0.025%, 7d avg −0.029%

Together, before fees−0.186%+ Points / potential airdropPacifica: Active · farm board−$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NVDA	227.74	0.0105	pay 0.0013% / 1h	27m 31s	$94K	$112K	20x
Short	Pacifica NVDA	227.68	0.0100	get 0.0013% / 1h	27m 31s	$299K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee PacificabpOrdersPrice spread, now −0.025%Rate

Funding earned: −$1.12
Price spread: −0.025% → −0.029%: $0.42
Slippage, 4 orders: −$16.3
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$32
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Phoenix: live order book, 33 min ago; Pacifica: live order book, 41 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, 33 min ago	2.63 bp	8.6 bp −$9	17.9 bp −$179	doesn't fit	doesn't fit
Sell Pacifica live order book, 41 min ago	1.98 bp	8.1 bp −$8	doesn't fit	doesn't fit	doesn't fit

NVDA on 34 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
Aster NVDAUSDT	0.0000%	8h	227.81	+0.029%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.82	+0.035%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.82	+0.035%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.76	+0.009%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.85	+0.048%	$15.4M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.30	−0.193%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.88	+0.061%	$198K	$497K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.89	+0.066%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.61	−0.057%	$118K	$54K	10x	as long as short
Variational Omni NVDA	+0.0017%	8h	227.76	+0.009%	$3.5M	$1.9M	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0021%	8h	227.79	+0.024%	$20K	$385K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.66	−0.035%	$400K	$723K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.82	+0.035%	$1.5M	$10.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.93	+0.083%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.68	−0.026%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.69	−0.022%	$148.1M	$44.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.76	+0.009%	$402K	$280K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.67	−0.031%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.56	−0.079%	$1.5M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.123%	$1.3M	$787K	10x	as long as short
Nado NVDA-PERP	+0.0077%	1h	227.69	−0.022%	$484K	$230K	20x	as long as short
Extended NVDA_24_5-USD	+0.0080%	1h	227.66	−0.033%	$689K	$714K	10x	as long as short
Binance NVDAUSDT	+0.0081%	8h	227.84	+0.044%	$156.3M	$216.1M	50x	as long as short
Pacifica NVDAshort	+0.0100%	1h	227.68	−0.025%	$299K	$60K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.65	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.80	+0.026%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0101%	1h	227.72	−0.009%	$49K	$1.5M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.76	+0.011%	—	—	10x	as long as short
Phoenix NVDAlong	+0.0105%	1h	227.74	long leg	$94K	$112K	20x
Lighter NVDA	+0.0120%	1h	227.82	+0.034%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.84	+0.044%	$1.6M	$737K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.94	+0.088%	$5.1M	$7.0M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.97	+0.101%	$73K	$137	30x	as long as short
edgeX NVDAUSDC	+0.0796%	4h	227.88	+0.063%	$170K	$1.9M	20x	as long as short