NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.030%

Price spread now: Lighter against QFEX−0.001%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$150.145% of the position

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.058%+$6 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.001%, 7d avg +0.016%

Together, before fees+0.086%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	226.52	0.0056	pay 0.0007% / 1h	5m 24s	$1.3M	$9.1M	10x
Short	Lighter NVDA	226.52	0.0112	get 0.0014% / 1h	5m 24s	$2.1M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now −0.001%Rate

Funding earned: $11.69
Price spread: −0.001% → +0.016%: −$1.68
Slippage, 4 orders: −$4.52
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$4.51
Costs to cover: 0.145%
Break-even: 9.7 days

Slippage from QFEX: live order book, 4 min ago; Lighter: live order book, 7 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 QFEX live order book, 4 min ago	1.54 bp	6.5 bp −$7	7.9 bp −$79	15.0 bp −$1,495	doesn't fit
Sell Lighter live order book, 7 min ago	0.44 bp	0.7 bp −$1	1.5 bp −$15	7.8 bp −$782	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
Hotstuff NVDA-PERP	−0.0072%	1h	226.43	−0.040%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.48	−0.018%	$12.4M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.46	−0.026%	$14.1M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.45	−0.031%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.59	+0.031%	$15.6M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.68	+0.071%	$21K	$420K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.12	−0.177%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.80	+0.124%	$198K	$449K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.64	+0.053%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0012%	8h	226.41	−0.048%	$482K	$530K	20x	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	+0.0015%	1h	226.57	+0.024%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0031%	8h	226.57	+0.020%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.56	+0.018%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.55	+0.013%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.34	−0.079%	$147.1M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.42	−0.044%	$391K	$247K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.42	−0.044%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.37	−0.066%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USDlong	+0.0056%	1h	226.52	long leg	$1.3M	$9.1M	10x
Binance NVDAUSDT	+0.0098%	8h	226.49	−0.013%	$154.4M	$218.4M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.36	−0.071%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.53	+0.004%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.43	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.46	−0.026%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.49	−0.012%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.44	−0.035%	$93K	$112K	20x	as long as short
Lighter NVDAshort	+0.0112%	1h	226.52	−0.001%	$2.1M	$3.3M	20x
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.102%	$1.3M	$723K	10x	as long as short
Nado NVDA-PERP	+0.0135%	1h	226.36	−0.069%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	226.65	+0.057%	$5.1M	$7.0M	20x	as long as short
edgeX NVDAUSDC	+0.0204%	4h	226.64	+0.055%	$170K	$1.9M	20x	as long as short
BloFin NVDA-USDT	+0.0215%	8h	226.57	+0.022%	$710K	$195K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.94	+0.185%	$73K	$140	30x	as long as short
Extended NVDA_24_5-USD	+0.0400%	1h	226.27	−0.110%	$649K	$869K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0413%	1h	226.50	−0.009%	$53K	$1.8M	10x	as long as short