Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.015%

Price spread now: Lighter RH against Bitget+0.026%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$170.170% of the position

Long on Bitget Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.026%, 7d avg +0.004%

Together, before fees+0.025%+ 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 +$6 a day on $10k at the current rate, and Lighter RH is 0.022% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.004%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NVDAUSDT	227.62	0	get 0.0000% / 8h	5h 28m	$15.5M	$16.4M	100x
Short	Lighter RH NVDA	227.68	0.0208	get 0.0026% / 1h	28m 12s	$5.1M	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bitget. 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 BitgetbpFee Lighter RHbpOrdersPrice spread, now +0.026%Rate

Funding earned: $43.68
Price spread: +0.026% → +0.004%: $2.24
Slippage, 4 orders: −$4.97
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $28.95
Costs to cover: 0.170%
Break-even: 2.4 days

Slippage from Bitget: live order book, just now; Lighter RH: live order book, 5 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 Bitget live order book, just now	0.22 bp	7.9 bp −$8	10.4 bp −$104	23.0 bp −$2,298	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.10 bp	1.1 bp −$1	3.4 bp −$34	29.8 bp −$2,978	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	−0.026%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	−0.031%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.51	−0.048%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDTlong	0.0000%	8h	227.62	long leg	$15.5M	$16.4M	100x
GRVT NVDA_USDT_Perp	0.0000%	8h	227.68	+0.026%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.06	−0.246%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.062%	$198K	$478K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	+0.009%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0011%	8h	227.58	−0.017%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.52	−0.046%	$118K	$54K	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	+0.0036%	8h	227.62	−0.001%	$3.5M	$2.1M	—	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	227.40	−0.097%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.68	+0.026%	$406K	$745K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.56	−0.026%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.64	+0.009%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.41	−0.092%	$147.9M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.51	−0.048%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.41	−0.092%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.43	−0.083%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.040%	$1.3M	$777K	10x	as long as short
Binance NVDAUSDT	+0.0096%	8h	227.60	−0.010%	$156.2M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.42	−0.087%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.50	−0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.53	−0.040%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.56	−0.026%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.50	−0.053%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0123%	1h	227.42	−0.088%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0134%	8h	227.61	−0.004%	$1.6M	$724K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.56	−0.028%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDAshort	+0.0208%	1h	227.68	+0.026%	$5.1M	$7.1M	20x
BloFin NVDA-USDT	+0.0215%	8h	227.67	+0.022%	$723K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.163%	$73K	$137	30x	as long as short
edgeX NVDAUSDC	+0.0277%	4h	227.60	−0.008%	$170K	$1.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0322%	1h	227.50	−0.053%	$49K	$1.6M	10x	as long as short
Extended NVDA_24_5-USD	+0.0352%	1h	227.37	−0.110%	$689K	$722K	10x	as long as short