Funding you earn now, next payment 03:00 UTC−0.0091%/8h= −9.9% APRnext payment −$0.11 per $10,000 · paid last 24h −0.026%
Price spread now: tradeXYZ against Phoenix−0.035%7-day average −0.034% · 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−$36as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.035%, 7d avg −0.034%
=Together, before fees−0.095%+ Points / potential airdroptradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NVDA | 227.52 | 0.0141 | pay 0.0018% / 1h | 13m 10s | $94K | $112K | 20x |
| Short | tradeXYZ xyz:NVDA | 227.44 | 0.0050 | get 0.0006% / 1h | 13m 10s | $147.8M | $43.6M | 20x |
Phoenix NVDA
tradeXYZ xyz:NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$19.02
- Price spread: −0.035% → −0.034%
- −$0.11
- Slippage, 4 orders
- −$11.25
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$55.38
- Costs to cover
- 0.363%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 37 min ago; tradeXYZ: live order book, 6 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, 37 min ago | 2.64 bp | 8.6 bp −$9 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.22 bp | 9.8 bp −$10 | 11.2 bp −$112 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NVDAUSDT | 0.0000% | 8h | 227.56 | +0.018% | $12.7M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.57 | +0.022% | $14.4M | $20.5M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.53 | +0.004% | $7.2M | $9.7M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.62 | +0.044% | $15.5M | $16.4M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.26 | −0.114% | $2K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.64 | +0.053% | $198K | $469K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.66 | +0.062% | $2.2M | $43K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0014% | 1h | 227.51 | −0.004% | $49K | $1.6M | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0015% | 1h | 227.55 | +0.013% | $118K | $54K | 10x | as long as short |
| GRVT NVDA_USDT_Perp | +0.0021% | 8h | 227.63 | +0.048% | $20K | $390K | 10x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Deribit NVDA_USDC-PERPETUAL
Aftermath Perps NVDAUSD
GRVT NVDA_USDT_PerpShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NVDAUSDT | +0.0031% | 8h | 227.61 | +0.040% | $483K | $590K | 20x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.55 | +0.013% | $399K | $741K | 20x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.71 | +0.084% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDAshort | +0.0050% | 1h | 227.44 | −0.035% | $147.8M | $43.6M | 20x | |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.56 | +0.018% | $401K | $276K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.45 | −0.031% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.37 | −0.066% | $1.6M | $2.0M | 15x | as long as short |
| QFEX NVDA-USD | +0.0057% | 1h | 227.54 | +0.009% | $1.3M | $9.2M | 10x | as long as short |
| Variational Omni NVDA | +0.0062% | 8h | 227.60 | +0.033% | $3.5M | $2.1M | — | as long as short |
| Nado NVDA-PERP | +0.0070% | 1h | 227.49 | −0.012% | $484K | $228K | 20x | as long as short |
| Lighter NVDA | +0.0080% | 1h | 227.57 | +0.021% | $2.2M | $3.3M | 20x | as long as short |
| Hotstuff NVDA-PERP | +0.0096% | 1h | 227.45 | −0.031% | $35K | — | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.48 | −0.019% | $299K | $51K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.47 | −0.022% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.56 | +0.018% | $36K | $21K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0104% | 1h | 227.53 | +0.004% | $1.3M | $775K | 10x | as long as short |
| Aevo NVDA-PERP | +0.0112% | 1h | 227.58 | +0.028% | — | — | 10x | as long as short |
| Binance NVDAUSDT | +0.0116% | 8h | 227.60 | +0.034% | $156.2M | $215.8M | 50x | as long as short |
| KuCoin NVDAUSDTM | +0.0130% | 8h | 227.64 | +0.053% | $1.6M | $723K | 20x | as long as short |
| Phoenix NVDAlong | +0.0141% | 1h | 227.52 | long leg | $94K | $112K | 20x | |
| Lighter RH NVDA | +0.0144% | 1h | 227.73 | +0.092% | $5.1M | $7.1M | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.91 | +0.171% | $73K | $139 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0236% | 8h | 227.63 | +0.048% | $721K | $201K | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0360% | 1h | 227.45 | −0.031% | $675K | $748K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0852% | 4h | 227.56 | +0.018% | $170K | $1.9M | 20x | as long as short |
Aster NVDAUSDT
Arcus NVDA-USD
Vest NVDA-USD-PERP
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
QFEX NVDA-USD
Variational Omni NVDA
Nado NVDA-PERP
Lighter NVDA
Hotstuff NVDA-PERP
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Coinbase International NVDA-PERP-INTX
Aevo NVDA-PERP
Binance NVDAUSDT
KuCoin NVDAUSDTM
Lighter RH NVDA
Injective NVDA/USDC PERP
BloFin NVDA-USDT
Extended NVDA_24_5-USD
edgeX NVDAUSDC