NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0195%/8h= +21.4% APRnext payment +$0.24 per $10,000 · paid last 24h +0.020%

Price spread now: Deribit against Arcus−0.004%7-day average +0.057% · 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−$40as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.076%+$8 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.004%, 7d avg +0.057%

Together, before fees+0.056%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.061% cheaper against Arcus than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.057%). If the spread goes back, that is −$6 on $10k: about 25 hours of funding at the current rate (+$6 a day). At the pace of the last 4 days (+0.076% in total) that is about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	226.60	0.0040	pay 0.0005% / 1h	16m 29s	$399K	$732K	20x
Short	Deribit NVDA_USDC-PERPETUAL	226.59	0.0236	get 0.0029% / 1h	16m 29s	$52K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Arcus. 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 ArcusbpFee DeribitbpOrdersPrice spread, now −0.004%Rate

Funding earned: $41.04
Price spread: −0.004% → +0.057%: −$6.15
Slippage, 4 orders: −$22.39
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $1
Costs to cover: 0.339%
Break-even: 6.8 days

Slippage from Arcus: live order book, 27 min ago; Deribit: 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 Arcus live order book, 27 min ago	1.10 bp	8.9 bp −$9	11.8 bp −$118	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	3.31 bp	6.8 bp −$7	7.3 bp −$73	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
Aster NVDAUSDT	0.0000%	8h	226.50	−0.044%	$482K	$530K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.63	+0.013%	$12.4M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.63	+0.013%	$14.1M	$20.5M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	226.50	−0.044%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.59	−0.004%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.67	+0.031%	$15.2M	$16.1M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.64	+0.018%	$21K	$420K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.29	−0.137%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.60	0.000%	$198K	$450K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.78	+0.079%	$2.2M	$42K	10x	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	+0.0012%	1h	226.40	−0.087%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0017%	8h	226.62	+0.007%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USDlong	+0.0040%	1h	226.60	long leg	$399K	$732K	20x
Vest NVDA-USD-PERP	+0.0046%	1h	226.73	+0.057%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.50	−0.044%	$147.2M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.56	−0.018%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.56	−0.018%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.50	−0.044%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.61	+0.004%	$1.3M	$9.1M	10x	as long as short
edgeX NVDAUSDC	+0.0070%	4h	226.59	−0.004%	$170K	$1.9M	20x	as long as short
Binance NVDAUSDT	+0.0086%	8h	226.67	+0.031%	$154.5M	$218.4M	50x	as long as short
Lighter NVDA	+0.0088%	1h	226.61	+0.006%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.47	−0.057%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.62	+0.009%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.46	−0.062%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.63	+0.013%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.66	+0.027%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.54	−0.026%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.137%	$1.3M	$724K	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.74	+0.062%	$5.1M	$7.0M	20x	as long as short
Nado NVDA-PERP	+0.0120%	1h	226.50	−0.043%	$481K	$224K	20x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	226.71	+0.049%	$710K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.124%	$73K	$139	30x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0236%	1h	226.59	−0.004%	$52K	$1.8M	10x
Extended NVDA_24_5-USD	+0.0376%	1h	226.43	−0.077%	$627K	$838K	10x	as long as short