Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.021%

Price spread now: Bitget against Lighter−0.018%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.018%, 7d avg +0.046%

Together, before fees−0.096%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.064% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	227.25	0.0176	pay 0.0022% / 1h	32m 34s	$2.1M	$3.3M	20x
Short	Bitget NVDAUSDT	227.21	0.0152	get 0.0152% / 8h	3h 32m	$15.7M	$18.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$5.04
Price spread: −0.018% → +0.046%: −$6.42
Slippage, 4 orders: −$6.1
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$29.56
Costs to cover: 0.181%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Bitget: 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 Lighter live order book, 5 min ago	0.33 bp	1.4 bp −$1	2.2 bp −$22	8.9 bp −$894	doesn't fit
Sell Bitget live order book, 2 min ago	0.22 bp	7.4 bp −$7	11.3 bp −$113	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	227.18	−0.031%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.20	−0.022%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.14	−0.049%	$7.2M	$9.1M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.10	−0.067%	$20K	$488K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.75	−0.220%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.14	−0.049%	$197K	$506K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.24	−0.005%	$2.2M	$41K	10x	as long as short
Variational Omni NVDA	+0.0008%	8h	227.18	−0.032%	$3.3M	$2.1M	—	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.11	−0.062%	$49K	$1.4M	10x	as long as short
Aster NVDAUSDT	+0.0019%	8h	227.20	−0.022%	$480K	$543K	20x	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	+0.0023%	1h	227.11	−0.061%	$118K	$54K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.05	−0.087%	$526K	$349K	10x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.22	−0.014%	$1.6M	$11.3M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.24	−0.005%	—	$73K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.06	−0.084%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.06	−0.084%	$147.4M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.10	−0.066%	$398K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.03	−0.097%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.94	−0.137%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0078%	8h	227.20	−0.021%	$156.1M	$216.2M	50x	as long as short
Nado NVDA-PERP	+0.0095%	1h	227.04	−0.092%	$478K	$216K	20x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.33	+0.035%	$4.8M	$6.8M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.06	−0.085%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.21	−0.018%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.03	−0.097%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.17	−0.036%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.19	−0.029%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.13	−0.053%	$1.3M	$914K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.09	−0.071%	$93K	$112K	20x	as long as short
Bitget NVDAUSDTshort	+0.0152%	8h	227.21	−0.018%	$15.7M	$18.1M	100x
Lighter NVDAlong	+0.0176%	1h	227.25	long leg	$2.1M	$3.3M	20x
BloFin NVDA-USDT	+0.0198%	8h	227.22	−0.014%	$720K	$203K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.54	+0.127%	$73K	$129	30x	as long as short
Arcus NVDA-USD	+0.0487%	1h	227.16	−0.040%	$408K	$662K	20x	as long as short
edgeX NVDAUSDC	+0.0657%	4h	227.10	−0.067%	$170K	$1.9M	20x	as long as short