Funding you earn now, next payment 06:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.026%
Price spread now: Lighter against tradeXYZ+0.052%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.203% of the position
Funding, last 7 days+0.146%+$15 on $10k
+Price spread, last 7 days−0.004%$0 · spread now +0.052%, 7d avg +0.056%
=Together, before fees+0.142%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.146%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NVDA | 226.35 | 0.0050 | pay 0.0006% / 1h | 24m 10s | $147.0M | $43.4M | 20x |
| Short | Lighter NVDA | 226.47 | 0.0040 | get 0.0005% / 1h | 24m 10s | $2.1M | $3.4M | 20x |
tradeXYZ xyz:NVDA
Lighter NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- −$2.1
- Price spread: +0.052% → +0.056%
- −$0.34
- Slippage, 4 orders
- −$2.3
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$22.74
- Costs to cover
- 0.203%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 6 min ago; Lighter: live order book, 3 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 tradeXYZ live order book, 6 min ago | 0.22 bp | 9.2 bp −$9 | 10.7 bp −$107 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.40 bp | 0.7 bp −$1 | 1.5 bp −$15 | 9.6 bp −$956 | 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 | −0.0064% | 1h | 226.32 | −0.013% | $35K | — | 20x | as long as short |
| Aster NVDAUSDT | 0.0000% | 8h | 226.49 | +0.061% | $482K | $571K | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 226.50 | +0.066% | $12.5M | $15.0M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.47 | +0.053% | $14.2M | $20.4M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.43 | +0.035% | $7.2M | $9.8M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.52 | +0.075% | $15.2M | $16.4M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 226.46 | +0.047% | $21K | $409K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.20 | −0.066% | $2K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 226.55 | +0.088% | $198K | $459K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 226.56 | +0.093% | $2.2M | $43K | 10x | as long as short |
Hotstuff NVDA-PERP
Aster NVDAUSDT
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NVDA | +0.0004% | 8h | 226.34 | −0.005% | $3.6M | $2.1M | — | as long as short |
| Aftermath Perps NVDAUSD | +0.0011% | 1h | 226.34 | −0.004% | $117K | $52K | 10x | as long as short |
| Lighter NVDAshort | +0.0040% | 1h | 226.47 | +0.052% | $2.1M | $3.4M | 20x | |
| Arcus NVDA-USD | +0.0040% | 1h | 226.32 | −0.013% | $397K | $728K | 20x | as long as short |
| QFEX NVDA-USD | +0.0042% | 1h | 226.43 | +0.035% | $1.3M | $9.1M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.52 | +0.075% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDAlong | +0.0050% | 1h | 226.35 | long leg | $147.0M | $43.4M | 20x | |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 226.42 | +0.031% | $398K | $278K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.31 | −0.018% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.19 | −0.071% | $1.6M | $2.0M | 15x | as long as short |
| Nado NVDA-PERP | +0.0078% | 1h | 226.32 | −0.012% | $481K | $227K | 20x | as long as short |
| Binance NVDAUSDT | +0.0080% | 8h | 226.51 | +0.070% | $154.5M | $218.3M | 50x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.32 | −0.013% | $297K | $50K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.46 | +0.049% | $1.6M | $739K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.19 | −0.071% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.44 | +0.040% | $36K | $21K | 20x | as long as short |
| Lighter RH NVDA | +0.0104% | 1h | 226.62 | +0.119% | $5.1M | $7.1M | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 226.46 | +0.051% | — | — | 10x | as long as short |
| Phoenix NVDA | +0.0106% | 1h | 226.27 | −0.035% | $93K | $112K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 226.29 | −0.027% | $1.3M | $789K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0148% | 1h | 226.39 | +0.018% | $52K | $1.8M | 10x | as long as short |
| BloFin NVDA-USDT | +0.0199% | 8h | 226.43 | +0.035% | $716K | $191K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 226.71 | +0.159% | $73K | $138 | 30x | as long as short |
| Extended NVDA_24_5-USD | +0.0336% | 1h | 226.25 | −0.044% | $668K | $766K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0908% | 4h | 226.31 | −0.018% | $170K | $1.9M | 20x | as long as short |
Variational Omni NVDA
Aftermath Perps NVDAUSD
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Nado NVDA-PERP
Binance NVDAUSDT
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Lighter RH NVDA
Aevo NVDA-PERP
Phoenix NVDA
Coinbase International NVDA-PERP-INTX
Deribit NVDA_USDC-PERPETUAL
BloFin NVDA-USDT
Injective NVDA/USDC PERP
Extended NVDA_24_5-USD
edgeX NVDAUSDC