Funding you earn now, next payment 02:00 UTC+0.0055%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.026%
Price spread now: Phoenix against tradeXYZ+0.048%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.048%, 7d avg +0.034%
=Together, before fees+0.081%+ Points / potential airdroptradeXYZ: Active · farm board+$8 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: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NVDA | 227.39 | 0.0050 | pay 0.0006% / 1h | 26m 42s | $147.9M | $44.2M | 20x |
| Short | Phoenix NVDA | 227.50 | 0.0105 | get 0.0013% / 1h | 26m 42s | $94K | $112K | 20x |
tradeXYZ xyz:NVDA
Phoenix NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $11.65
- Price spread: +0.048% → +0.034%
- $1.39
- Slippage, 4 orders
- −$11.08
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$23.05
- Costs to cover
- 0.361%
- Break-even
- 20.9 days
Slippage from tradeXYZ: live order book, 13 min ago; Phoenix: live order book, 29 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, 13 min ago | 0.22 bp | 9.5 bp −$9 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 29 min ago | 2.63 bp | 8.6 bp −$9 | 18.2 bp −$182 | 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 | +0.075% | $12.7M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.53 | +0.062% | $14.4M | $20.2M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.48 | +0.040% | $7.2M | $9.6M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.62 | +0.101% | $15.5M | $16.4M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.63 | +0.104% | $20K | $384K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.05 | −0.150% | $2K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.76 | +0.163% | $198K | $478K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.64 | +0.110% | $2.2M | $43K | 10x | as long as short |
| Aster NVDAUSDT | +0.0012% | 8h | 227.58 | +0.084% | $483K | $590K | 20x | as long as short |
| Aftermath Perps NVDAUSD | +0.0013% | 1h | 227.52 | +0.055% | $118K | $54K | 10x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aster NVDAUSDT
Aftermath Perps NVDAUSDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NVDA | +0.0036% | 8h | 227.62 | +0.100% | $3.5M | $2.1M | — | as long as short |
| Hotstuff NVDA-PERP | +0.0040% | 1h | 227.40 | +0.004% | $35K | — | 20x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.59 | +0.088% | $406K | $745K | 20x | as long as short |
| QFEX NVDA-USD | +0.0044% | 1h | 227.56 | +0.075% | $1.4M | $9.6M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.64 | +0.110% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDAlong | +0.0050% | 1h | 227.39 | long leg | $147.9M | $44.2M | 20x | |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.52 | +0.057% | $401K | $277K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.40 | +0.004% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.43 | +0.018% | $1.6M | $2.0M | 15x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0072% | 1h | 227.53 | +0.062% | $1.3M | $777K | 10x | as long as short |
| Binance NVDAUSDT | +0.0098% | 8h | 227.57 | +0.079% | $156.2M | $215.1M | 50x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.40 | +0.002% | $298K | $60K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.50 | +0.048% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.54 | +0.066% | $36K | $22K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.56 | +0.076% | — | — | 10x | as long as short |
| Phoenix NVDAshort | +0.0105% | 1h | 227.50 | +0.048% | $94K | $112K | 20x | |
| Nado NVDA-PERP | +0.0125% | 1h | 227.40 | +0.006% | $483K | $228K | 20x | as long as short |
| KuCoin NVDAUSDTM | +0.0136% | 8h | 227.61 | +0.097% | $1.6M | $724K | 20x | as long as short |
| Lighter NVDA | +0.0168% | 1h | 227.54 | +0.066% | $2.2M | $3.2M | 20x | as long as short |
| Lighter RH NVDA | +0.0216% | 1h | 227.67 | +0.123% | $5.1M | $7.1M | 20x | as long as short |
| BloFin NVDA-USDT | +0.0217% | 8h | 227.62 | +0.101% | $723K | $201K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.99 | +0.264% | $73K | $137 | 30x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0322% | 1h | 227.49 | +0.044% | $49K | $1.6M | 10x | as long as short |
| Extended NVDA_24_5-USD | +0.0360% | 1h | 227.33 | −0.026% | $689K | $722K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0749% | 4h | 227.62 | +0.101% | $170K | $1.9M | 20x | as long as short |
Variational Omni NVDA
Hotstuff NVDA-PERP
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Coinbase International NVDA-PERP-INTX
Binance NVDAUSDT
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Nado NVDA-PERP
KuCoin NVDAUSDTM
Lighter NVDA
Lighter RH NVDA
BloFin NVDA-USDT
Injective NVDA/USDC PERP
Deribit NVDA_USDC-PERPETUAL
Extended NVDA_24_5-USD
edgeX NVDAUSDC