Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h +0.008%

Price spread now: Lighter RH against Binance+0.049%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$120.123% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.049%, 7d avg +0.020%

Together, before fees+0.020%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter RH is 0.029% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	226.40	0.0155	pay 0.0155% / 8h	2m 22s	$155.4M	$219.3M	50x
Short	Lighter RH NVDA	226.51	0.0232	get 0.0029% / 1h	2m 22s	$5.1M	$7.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now +0.049%Rate

Funding earned: $16.11
Price spread: +0.049% → +0.020%: $2.9
Slippage, 4 orders: −$2.32
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $6.68
Costs to cover: 0.123%
Break-even: 4.1 days

Slippage from Binance: live order book, 11 min ago; Lighter RH: live order book, 1 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 Binance live order book, 11 min ago	0.22 bp	5.2 bp −$5	6.5 bp −$65	16.7 bp −$1,670	doesn't fit
Sell Lighter RH live order book, 1 min ago	0.66 bp	0.9 bp −$1	2.3 bp −$23	30.3 bp −$3,032	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	226.41	+0.004%	$12.5M	$14.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.41	+0.004%	$14.1M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.39	−0.004%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.48	+0.035%	$15.9M	$16.6M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.11	−0.128%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.027%	$198K	$439K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.62	+0.097%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	226.13	−0.121%	$117K	$51K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	226.28	−0.053%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.34	−0.027%	$392K	$738K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NVDA-USD-PERP	+0.0046%	1h	226.44	+0.018%	—	$74K	25x	as long as short
GRVT NVDA_USDT_Perp	+0.0047%	8h	226.30	−0.045%	$21K	$421K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.29	−0.049%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.18	−0.097%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.33	−0.031%	$1.3M	$9.0M	10x	as long as short
Aster NVDAUSDT	+0.0070%	8h	226.37	−0.013%	$482K	$530K	20x	as long as short
Polymarket Perps NVDA-USD	+0.0077%	1h	226.33	−0.031%	$391K	$247K	10x	as long as short
Variational Omni NVDA	+0.0089%	8h	226.34	−0.025%	$3.5M	$2.3M	—	as long as short
tradeXYZ xyz:NVDA	+0.0096%	1h	226.29	−0.049%	$146.9M	$43.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.25	−0.066%	$297K	$48K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.02	−0.168%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.39	−0.004%	$36K	$21K	20x	as long as short
KuCoin NVDAUSDTM	+0.0109%	8h	226.40	0.000%	$1.6M	$849K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.42	+0.010%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.137%	$1.3M	$695K	10x	as long as short
edgeX NVDAUSDC	+0.0150%	4h	226.30	−0.045%	$170K	$1.9M	20x	as long as short
Binance NVDAUSDTlong	+0.0155%	8h	226.40	long leg	$155.4M	$219.3M	50x
Nado NVDA-PERP	+0.0175%	1h	226.20	−0.086%	$480K	$223K	20x	as long as short
Lighter NVDA	+0.0176%	1h	226.37	−0.014%	$2.1M	$3.3M	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.33	−0.031%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.062%	$73K	$140	30x	as long as short
Lighter RH NVDAshort	+0.0232%	1h	226.51	+0.049%	$5.1M	$7.0M	20x
BloFin NVDA-USDT	+0.0272%	8h	226.44	+0.018%	$712K	$195K	20x	as long as short
Extended NVDA_24_5-USD	+0.0368%	1h	226.20	−0.088%	$646K	$878K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0413%	1h	226.35	−0.022%	$53K	$1.9M	10x	as long as short