NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.08 per $10,000 · paid last 24h +0.016%

Price spread now: Phoenix against Arcus+0.048%109s7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.383% of the position

Long on Arcus Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.045%−$5 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.048%, 7d avg +0.068%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	227.73	0.0040	pay 0.0005% / 1h	1m 32s	$400K	$724K	20x
Short	Phoenix NVDA	227.84	0.0106	get 0.0013% / 1h	1m 32s	$94K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.048%Rate

Funding earned: $13.71
Price spread: +0.048% → +0.068%: −$1.99
Slippage, 4 orders: −$26.84
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$26.63
Costs to cover: 0.383%
Break-even: 20.6 days

Slippage from Arcus: live order book, 7 min ago; Phoenix: live order book, 63 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, 7 min ago	1.32 bp	10.5 bp −$11	16.0 bp −$160	doesn't fit	doesn't fit
Sell Phoenix live order book, 63 min ago	3.08 bp	9.4 bp −$9	20.8 bp −$208	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	227.88	+0.066%	$12.7M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.84	+0.048%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.82	+0.040%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.41	−0.141%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.90	+0.075%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.96	+0.101%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	227.77	+0.016%	$484K	$582K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.85	+0.051%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	227.92	+0.085%	$3.5M	$1.9M	—	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0013%	1h	227.80	+0.031%	$49K	$1.5M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.75	+0.007%	$636K	$597K	10x	as long as short
Bitget NVDAUSDT	+0.0039%	8h	227.91	+0.079%	$15.4M	$16.8M	100x	as long as short
Arcus NVDA-USDlong	+0.0040%	1h	227.73	long leg	$400K	$724K	20x
QFEX NVDA-USD	+0.0042%	1h	227.86	+0.057%	$1.5M	$10.8M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.97	+0.105%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.75	+0.009%	$148.1M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.84	+0.048%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.75	+0.009%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.73	0.000%	$1.5M	$2.1M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.119%	$1.3M	$798K	10x	as long as short
Nado NVDA-PERP	+0.0087%	1h	227.77	+0.019%	$484K	$229K	20x	as long as short
Binance NVDAUSDT	+0.0087%	8h	227.90	+0.075%	$156.5M	$217.0M	50x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	227.74	+0.004%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.75	+0.007%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.74	+0.004%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	+0.057%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.84	+0.050%	—	—	10x	as long as short
Phoenix NVDAshort	+0.0106%	1h	227.84	+0.048%	$94K	$112K	20x
KuCoin NVDAUSDTM	+0.0145%	8h	227.91	+0.079%	$1.6M	$735K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.89	+0.069%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.05	+0.141%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0190%	8h	227.92	+0.081%	$21K	$391K	10x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	227.93	+0.088%	$719K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.206%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0342%	4h	227.88	+0.064%	$170K	$1.9M	20x	as long as short