NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.029%

Price spread now: Polymarket Perps against Phoenix−0.022%59s7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.323% of the position

Long on Phoenix Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.022%, 7d avg −0.011%

Together, before fees−0.111%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 59 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	226.57	0.0106	pay 0.0013% / 1h	16m 00s	$93K	$112K	20x
Short	Polymarket Perps NVDA-USD	226.52	0.0050	get 0.0006% / 1h	16m 00s	$398K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 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 Polymarket PerpsbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$11.74
Price spread: −0.022% → −0.011%: −$1.08
Slippage, 4 orders: −$17.28
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$45.09
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Phoenix: live order book, 24 min ago; Polymarket Perps: live order book, 31 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, 24 min ago	3.09 bp	9.3 bp −$9	20.0 bp −$200	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 31 min ago	2.42 bp	6.4 bp −$6	7.0 bp −$70	9.2 bp −$918	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
Aster NVDAUSDT	0.0000%	8h	226.61	+0.018%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.53	−0.018%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.55	−0.009%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.54	−0.013%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.64	+0.031%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.68	+0.049%	$21K	$417K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.26	−0.137%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.47	−0.044%	$198K	$458K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.72	+0.066%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0006%	8h	226.43	−0.064%	$3.6M	$2.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0012%	1h	226.44	−0.057%	$117K	$52K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.56	−0.004%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.53	−0.018%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.71	+0.062%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.42	−0.066%	$147.1M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	226.52	−0.022%	$398K	$278K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.43	−0.062%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.19	−0.168%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.49	−0.035%	$53K	$1.8M	10x	as long as short
Lighter NVDA	+0.0064%	1h	226.56	−0.006%	$2.1M	$3.4M	20x	as long as short
Nado NVDA-PERP	+0.0081%	1h	226.49	−0.035%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0082%	8h	226.57	0.000%	$154.4M	$218.6M	50x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	226.45	−0.053%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.46	−0.048%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.54	−0.013%	$1.6M	$741K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.51	−0.026%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.56	−0.004%	$36K	$21K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	226.67	+0.044%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.57	−0.001%	—	—	10x	as long as short
Phoenix NVDAlong	+0.0106%	1h	226.57	long leg	$93K	$112K	20x
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.124%	$1.3M	$789K	10x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	226.62	+0.022%	$714K	$193K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.137%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	226.36	−0.093%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0461%	4h	226.45	−0.054%	$170K	$1.9M	20x	as long as short