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 +0.017%

Price spread now: Lighter against Arcus−0.004%7-day average +0.089% · 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−$31as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Arcus Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.004%, 7d avg +0.089%

Together, before fees+0.130%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.093% cheaper against Arcus than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.089%). If the spread goes back, that is −$9 on $10k: about 5.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	226.30	0.0040	pay 0.0005% / 1h	41m 16s	$398K	$735K	20x
Short	Lighter NVDA	226.29	0.0096	get 0.0012% / 1h	41m 16s	$2.1M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.004%Rate

Funding earned: $11.7
Price spread: −0.004% → +0.089%: −$9.33
Slippage, 4 orders: −$16.76
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$18.89
Costs to cover: 0.213%
Break-even: 18.3 days

Slippage from Arcus: live order book, 3 min ago; Lighter: live order book, 6 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, 3 min ago	1.10 bp	8.9 bp −$9	11.8 bp −$118	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.55 bp	0.6 bp −$1	1.1 bp −$11	6.1 bp −$607	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	226.32	+0.009%	$12.4M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.32	+0.009%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.27	−0.013%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.35	+0.022%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.41	+0.048%	$21K	$423K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.98	−0.141%	$3K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.37	+0.031%	$198K	$453K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.67	+0.163%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	226.35	+0.023%	$482K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.32	+0.009%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0018%	8h	226.33	+0.011%	$3.6M	$2.1M	—	as long as short
Arcus NVDA-USDlong	+0.0040%	1h	226.30	long leg	$398K	$735K	20x
Vest NVDA-USD-PERP	+0.0046%	1h	226.40	+0.044%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.19	−0.049%	$146.9M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.27	−0.013%	$398K	$279K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.23	−0.031%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.16	−0.062%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.33	+0.013%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0089%	8h	226.32	+0.007%	$154.3M	$219.2M	50x	as long as short
Lighter NVDAshort	+0.0096%	1h	226.29	−0.004%	$2.1M	$3.3M	20x
Pacifica NVDA	+0.0100%	1h	226.20	−0.045%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.36	+0.027%	$1.6M	$749K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.18	−0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.27	−0.013%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.31	+0.004%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.20	−0.044%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.004%	$1.3M	$789K	10x	as long as short
Hotstuff NVDA-PERP	+0.0128%	1h	226.18	−0.053%	$35K	—	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0148%	1h	226.23	−0.031%	$52K	$1.8M	10x	as long as short
Nado NVDA-PERP	+0.0151%	1h	226.18	−0.053%	$480K	$226K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	226.42	+0.053%	$5.0M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0209%	8h	226.44	+0.062%	$716K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.01	+0.314%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USD	+0.0464%	1h	226.13	−0.075%	$667K	$762K	10x	as long as short
edgeX NVDAUSDC	+0.0544%	4h	226.32	+0.011%	$170K	$1.9M	20x	as long as short