NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.016%

Price spread now: Arcus against Lighter−0.038%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on Lighter Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.038%, 7d avg −0.088%

Together, before fees−0.077%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.050% dearer against Lighter than usual: you sell high and buy low (spread −0.038% now, against its 7-day average of −0.088%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	226.32	0.0176	pay 0.0022% / 1h	59m 28s	$2.1M	$3.2M	20x
Short	Arcus NVDA-USD	226.23	0.0040	get 0.0005% / 1h	59m 28s	$392K	$738K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Lighter. 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 LighterbpFee ArcusbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$28.5
Price spread: −0.038% → −0.088%: $4.96
Slippage, 4 orders: −$17.27
Fee Lighter: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$45.31
Costs to cover: 0.218%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Arcus: live order book, 39 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 Lighter live order book, 3 min ago	0.40 bp	0.5 bp $0	1.5 bp −$15	7.1 bp −$711	doesn't fit
Sell Arcus live order book, 39 min ago	1.33 bp	10.6 bp −$11	14.7 bp −$147	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
Bybit NVDAUSDT	0.0000%	8h	226.35	+0.015%	$12.5M	$14.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.41	+0.042%	$14.1M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.19	−0.056%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.24	−0.034%	$15.8M	$16.3M	100x	as long as short
Nado NVDA-PERP	0.0000%	1h	226.18	−0.059%	$480K	$223K	20x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.89	−0.188%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.35	+0.015%	$198K	$438K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.48	+0.072%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.14	−0.076%	$117K	$51K	10x	as long as short
Arcus NVDA-USDshort	+0.0040%	1h	226.23	−0.038%	$392K	$738K	20x

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	226.42	+0.046%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	226.21	−0.047%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.28	−0.016%	$147.0M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.24	−0.034%	$391K	$247K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.05	−0.118%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.10	−0.095%	$1.6M	$1.9M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0058%	8h	226.32	+0.002%	$22K	$423K	10x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.35	+0.015%	$1.3M	$9.0M	10x	as long as short
Aster NVDAUSDT	+0.0073%	8h	226.33	+0.005%	$482K	$530K	20x	as long as short
Variational Omni NVDA	+0.0099%	8h	226.31	−0.001%	$3.5M	$2.3M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.10	−0.095%	$297K	$48K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.17	−0.065%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.15	−0.073%	$36K	$21K	20x	as long as short
KuCoin NVDAUSDTM	+0.0113%	8h	226.37	+0.024%	$1.6M	$858K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.18	−0.059%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.100%	$1.3M	$695K	10x	as long as short
Binance NVDAUSDT	+0.0160%	8h	226.41	+0.041%	$155.4M	$220.1M	50x	as long as short
Lighter NVDAlong	+0.0176%	1h	226.32	long leg	$2.1M	$3.2M	20x
Phoenix NVDA	+0.0177%	1h	226.36	+0.019%	$93K	$83K	20x	as long as short
edgeX NVDAUSDC	+0.0202%	4h	226.42	+0.046%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.099%	$73K	$140	30x	as long as short
Lighter RH NVDA	+0.0240%	1h	226.49	+0.077%	$5.1M	$6.8M	20x	as long as short
BloFin NVDA-USDT	+0.0276%	8h	226.34	+0.011%	$710K	$195K	20x	as long as short
Extended NVDA_24_5-USD	+0.0328%	1h	226.20	−0.051%	$646K	$878K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0458%	1h	226.10	−0.095%	$53K	$1.9M	10x	as long as short