Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h −0.013%

Price spread now: Lighter RH against BloFin+0.053%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

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

costs, in and out, $10k−$150.153% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 3 days (all we have)+0.062%+$6 · spread now +0.053%, 7d avg +0.048%

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

The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NVDA-USDT	227.81	0.0207	pay 0.0207% / 8h	6h 56m	$718K	$205K	20x
Short	Lighter RH NVDA	227.93	0.0088	get 0.0011% / 1h	56m 32s	$5.1M	$7.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against BloFin. 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 BloFinbpFee Lighter RHbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$25
Price spread: +0.053% → +0.048%: $0.5
Slippage, 4 orders: −$3.34
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$39.84
Costs to cover: 0.153%
Break-even: never at this rate

Slippage from BloFin: live order book, 10 min ago; Lighter RH: live order book, 2 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 BloFin live order book, 10 min ago	0.44 bp	6.4 bp −$6	7.1 bp −$71	14.1 bp −$1,411	doesn't fit
Sell Lighter RH live order book, 2 min ago	0.88 bp	1.2 bp −$1	3.2 bp −$32	32.4 bp −$3,240	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	227.74	−0.031%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.77	−0.018%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.72	−0.040%	$7.2M	$9.5M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.29	−0.228%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.82	+0.004%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.88	+0.031%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0001%	8h	227.81	+0.002%	$484K	$582K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.78	−0.014%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0019%	8h	227.86	+0.020%	$3.5M	$1.9M	—	as long as short
Bitget NVDAUSDT	+0.0029%	8h	227.81	0.000%	$15.4M	$16.8M	100x	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	227.65	−0.070%	$696K	$704K	10x	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	227.64	−0.075%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.66	−0.066%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.80	−0.004%	$1.5M	$10.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.89	+0.035%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.64	−0.075%	$148.0M	$46.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.76	−0.022%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.65	−0.070%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.59	−0.097%	$1.5M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0057%	1h	227.69	−0.054%	$484K	$229K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.70	−0.048%	$49K	$1.5M	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.154%	$1.3M	$798K	10x	as long as short
Binance NVDAUSDT	+0.0086%	8h	227.77	−0.018%	$156.4M	$216.9M	50x	as long as short
Lighter RH NVDAshort	+0.0088%	1h	227.93	+0.053%	$5.1M	$7.0M	20x
Lighter NVDA	+0.0096%	1h	227.80	−0.004%	$2.2M	$3.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.67	−0.062%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.72	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.78	−0.013%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.76	−0.023%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.74	−0.031%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0142%	8h	227.84	+0.013%	$1.6M	$735K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0169%	8h	227.88	+0.031%	$20K	$392K	10x	as long as short
BloFin NVDA-USDTlong	+0.0207%	8h	227.81	long leg	$718K	$205K	20x
Injective NVDA/USDC PERP	+0.0220%	1h	228.15	+0.149%	$73K	$134	30x	as long as short
edgeX NVDAUSDC	+0.0417%	4h	227.87	+0.027%	$170K	$1.9M	20x	as long as short