Funding you earn now, next payment 06:00 UTC−0.0868%/8h= −95.0% APRpaid last 24h −0.071%
Price spread now: Lighter against edgeX+0.051%49s7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$180.184% of the position
Funding, last 7 days−0.652%−$65 on $10k
+Price spread, last 7 days−0.046%−$5 · spread now +0.051%, 7d avg +0.010%
=Together, before fees−0.698%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$70 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.041% dearer against edgeX than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.010%): +$4 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.652% in total) that is about 10 hours. The two prices were read 49 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 | edgeX NVDAUSDC | 226.31 | 0.0908 | pay 0.0454% / 4h | 2h 24m | $170K | $1.9M | 20x |
| Short | Lighter NVDA | 226.43 | 0.0040 | get 0.0005% / 1h | 24m 36s | $2.1M | $3.3M | 20x |
edgeX NVDAUSDC
Lighter NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$182.23
- Price spread: +0.051% → +0.010%
- $4.06
- Slippage, 4 orders
- −$9.43
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$196.6
- Costs to cover
- 0.184%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 4 min ago; Lighter: live order book, 3 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 edgeX live order book, 4 min ago | 3.76 bp | 8.6 bp −$9 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.40 bp | 0.7 bp −$1 | 1.5 bp −$15 | 9.6 bp −$956 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NVDA-PERP | −0.0064% | 1h | 226.32 | +0.005% | $35K | — | 20x | as long as short |
| Aster NVDAUSDT | 0.0000% | 8h | 226.47 | +0.071% | $482K | $571K | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 226.46 | +0.067% | $12.5M | $15.0M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.46 | +0.067% | $14.2M | $20.4M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.41 | +0.044% | $7.2M | $9.8M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.48 | +0.075% | $15.2M | $16.4M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 226.46 | +0.065% | $21K | $409K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.16 | −0.066% | $3K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 226.55 | +0.106% | $198K | $459K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 226.52 | +0.093% | $2.2M | $43K | 10x | as long as short |
Hotstuff NVDA-PERP
Aster NVDAUSDT
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NVDA | +0.0004% | 8h | 226.34 | +0.012% | $3.6M | $2.1M | — | as long as short |
| Aftermath Perps NVDAUSD | +0.0011% | 1h | 226.29 | −0.007% | $117K | $52K | 10x | as long as short |
| Lighter NVDAshort | +0.0040% | 1h | 226.43 | +0.051% | $2.1M | $3.3M | 20x | |
| Arcus NVDA-USD | +0.0040% | 1h | 226.32 | +0.005% | $397K | $728K | 20x | as long as short |
| QFEX NVDA-USD | +0.0042% | 1h | 226.43 | +0.053% | $1.3M | $9.1M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.52 | +0.093% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.30 | −0.004% | $147.0M | $43.4M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 226.42 | +0.049% | $398K | $278K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.24 | −0.031% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.19 | −0.053% | $1.6M | $2.0M | 15x | as long as short |
| Nado NVDA-PERP | +0.0078% | 1h | 226.32 | +0.006% | $481K | $227K | 20x | as long as short |
| Binance NVDAUSDT | +0.0080% | 8h | 226.49 | +0.081% | $154.5M | $218.3M | 50x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.32 | +0.005% | $297K | $50K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.45 | +0.062% | $1.6M | $739K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.19 | −0.053% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.39 | +0.036% | $36K | $21K | 20x | as long as short |
| Lighter RH NVDA | +0.0104% | 1h | 226.56 | +0.111% | $5.1M | $7.1M | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 226.40 | +0.040% | — | — | 10x | as long as short |
| Phoenix NVDA | +0.0106% | 1h | 226.27 | −0.017% | $93K | $112K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 226.29 | −0.009% | $1.3M | $789K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0192% | 1h | 226.35 | +0.018% | $53K | $1.8M | 10x | as long as short |
| BloFin NVDA-USDT | +0.0199% | 8h | 226.43 | +0.053% | $716K | $191K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 226.71 | +0.177% | $73K | $138 | 30x | as long as short |
| Extended NVDA_24_5-USD | +0.0328% | 1h | 226.25 | −0.026% | $668K | $766K | 10x | as long as short |
| edgeX NVDAUSDClong | +0.0908% | 4h | 226.31 | long leg | $170K | $1.9M | 20x |
Variational Omni NVDA
Aftermath Perps NVDAUSD
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Nado NVDA-PERP
Binance NVDAUSDT
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Lighter RH NVDA
Aevo NVDA-PERP
Phoenix NVDA
Coinbase International NVDA-PERP-INTX
Deribit NVDA_USDC-PERPETUAL
BloFin NVDA-USDT
Injective NVDA/USDC PERP
Extended NVDA_24_5-USD