NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.02 per $10,000 · paid last 24h −0.017%

Price spread now: Arcus against Deribit+0.031%7-day average −0.058% · 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−$25as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.072%−$7 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.031%, 7d avg −0.058%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.089% dearer against Deribit than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.058%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 4 days (−0.072% in total) that is about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NVDA_USDC-PERPETUAL	226.59	0.0059	pay 0.0007% / 1h	4m 14s	$53K	$1.8M	10x
Short	Arcus NVDA-USD	226.66	0.0040	get 0.0005% / 1h	4m 14s	$398K	$734K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. 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 DeribitbpFee ArcusbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$3.94
Price spread: +0.031% → −0.058%: $8.89
Slippage, 4 orders: −$21.9
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$28.45
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Deribit: live order book, 5 min ago; Arcus: live order book, 45 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 Deribit live order book, 5 min ago	2.87 bp	6.8 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Arcus live order book, 45 min ago	1.10 bp	10.0 bp −$10	15.1 bp −$151	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
Aster NVDAUSDT	0.0000%	8h	226.60	+0.003%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.63	+0.018%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.61	+0.009%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.64	+0.022%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.66	+0.031%	$15.3M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.82	+0.102%	$21K	$417K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.48	−0.049%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.71	+0.053%	$198K	$456K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.77	+0.079%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0009%	8h	226.76	+0.073%	$3.6M	$2.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0010%	1h	226.56	−0.013%	$117K	$52K	10x	as long as short
Hotstuff NVDA-PERP	+0.0032%	1h	226.58	−0.004%	$35K	—	20x	as long as short
Arcus NVDA-USDshort	+0.0040%	1h	226.66	+0.031%	$398K	$734K	20x
QFEX NVDA-USD	+0.0042%	1h	226.62	+0.013%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.81	+0.097%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.51	−0.035%	$147.2M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.61	+0.009%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.52	−0.031%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	−0.013%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUALlong	+0.0059%	1h	226.59	long leg	$53K	$1.8M	10x
Lighter NVDA	+0.0072%	1h	226.60	+0.005%	$2.1M	$3.4M	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	226.64	+0.022%	$154.5M	$219.0M	50x	as long as short
Nado NVDA-PERP	+0.0085%	1h	226.56	−0.011%	$482K	$226K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.53	−0.025%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.70	+0.049%	$1.6M	$744K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.63	+0.018%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.61	+0.009%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.65	+0.025%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.65	+0.026%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	226.75	+0.071%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.132%	$1.3M	$789K	10x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	226.73	+0.062%	$710K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.95	+0.159%	$73K	$140	30x	as long as short
Extended NVDA_24_5-USD	+0.0376%	1h	226.53	−0.026%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0738%	4h	226.73	+0.060%	$170K	$1.9M	20x	as long as short