Settings8H · net · $10k
Funding arb · Price arb /

NVDA

RWAall NVDA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.045%
Price spread now: Lighter against SunX+0.145%7-day average +0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$650.652% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.307%+$31 on $10k
Price spread, last 3 days (all we have)+0.060%+$6 · spread now +0.145%, 7d avg +0.116%
Together, before fees+0.368%+ Points / potential airdropLighter: Season 3 · farm board+$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.029% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.116%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NVDA-USDT226.830get 0.0000% / 8h2h 20m$2K$4.0M20x
ShortLighter NVDA227.160.0080get 0.0010% / 1h20m 15s$2.1M$3.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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

Funding earned
$16.8
Price spread: +0.145% → +0.116%
$2.92
Slippage, 4 orders
−$57.2
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$45.48
Costs to cover
0.652%
Break-even
26.0 days
Slippage from SunX: live order book, 8 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 8 min ago22.02 bp38.2 bp −$3867.5 bp −$675doesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago0.20 bp0.7 bp −$12.1 bp −$2149.7 bp −$4,975doesn't fit

NVDA on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NVDAUSDT0.0000%8h227.06+0.102%$473K$550K20xas long as short
Bybit NVDAUSDT0.0000%8h227.12+0.128%$12.7M$15.8M100xas long as short
OKX NVDA-USDT-SWAP0.0000%8h227.14+0.137%$14.4M$21.2M50xas long as short
Gate NVDA_USDT0.0000%8h227.08+0.110%$7.2M$9.4M100xas long as short
Variational Omni NVDA0.0000%8h227.16+0.147%$3.5M$2.4Mas long as short
GRVT NVDA_USDT_Perp0.0000%8h227.18+0.153%$21K$468K10xas long as short
SunX NVDA-USDTlong0.0000%8h226.83long leg$2K$4.0M20x
Deribit NVDA_USDC-PERPETUAL0.0000%1h227.08+0.110%$49K$1.5M10xas long as short
HTX NVDA-USDT0.0000%8h227.22+0.172%$202K$527K30xas long as short
Phemex NVDAUSDT0.0000%4h227.20+0.163%$2.2M$41K10xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NVDAUSDT0.0000%8h227.15+0.141%$156.2M$220.7M50xas long as short
BloFin NVDA-USDT+0.0003%8h227.17+0.150%$712K$205K20xas long as short
Aftermath Perps NVDAUSD+0.0013%1h227.10+0.117%$118K$54K10xas long as short
QFEX NVDA-USD+0.0030%1h227.12+0.128%$1.6M$11.3M10xas long as short
Lighter RH NVDA+0.0032%1h227.25+0.185%$4.9M$7.0M20xas long as short
Extended NVDA_24_5-USD+0.0032%1h226.99+0.072%$522K$409K10xas long as short
Hotstuff NVDA-PERP+0.0032%1h227.02+0.084%$35K20xas long as short
Nado NVDA-PERP+0.0044%1h226.98+0.066%$487K$226K20xas long as short
Vest NVDA-USD-PERP+0.0046%1h227.21+0.168%$73K25xas long as short
tradeXYZ xyz:NVDA+0.0050%1h226.99+0.071%$147.1M$50.2M20xas long as short
Polymarket Perps NVDA-USD+0.0050%1h227.11+0.123%$390K$248K10xas long as short
SoDEX NVDA-USD+0.0050%1h227.02+0.084%$58K$20K10xas long as short
Ondo Perps NVDA-USD.P+0.0050%1h227.01+0.079%$1.6M$2.1M15xas long as short
Bitget NVDAUSDT+0.0057%8h227.15+0.141%$15.5M$18.3M100xas long as short
Phoenix NVDA+0.0070%1h227.11+0.123%$93K$112K20xas long as short
Lighter NVDAshort+0.0080%1h227.16+0.145%$2.1M$3.3M20x
Aevo NVDA-PERP+0.0080%1h227.12+0.130%10xas long as short
Pacifica NVDA+0.0100%1h227.02+0.086%$298K$60K10xas long as short
KuCoin NVDAUSDTM+0.0100%8h227.16+0.145%$1.6M$752K20xas long as short
ApeX Omni NVDAUSDT+0.0100%1h227.07+0.106%$16K$43K50xas long as short
Orderly PERP_NVDA_USDC+0.0100%8h227.11+0.123%$36K$22K20xas long as short
Coinbase International NVDA-PERP-INTX+0.0112%1h227.01+0.079%$1.3M$911K10xas long as short
Injective NVDA/USDC PERP+0.0220%1h227.48+0.287%$73K$13630xas long as short
Arcus NVDA-USD+0.0419%1h227.11+0.123%$395K$683K20xas long as short
edgeX NVDAUSDC+0.0789%4h227.16+0.147%$170K$1.9M20xas long as short