Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.042%

Price spread now: Gate against Lighter−0.030%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.346%−$35 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.030%, 7d avg +0.005%

Together, before fees−0.318%+ Points / potential airdropLighter: Season 3 · farm board−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.035% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	227.89	0.0152	pay 0.0019% / 1h	1m 41s	$2.2M	$3.2M	20x
Short	Gate NVDA_USDT	227.82	0	get 0.0000% / 8h	7h 01m	$7.2M	$9.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.030%Rate

Funding earned: −$31.92
Price spread: −0.030% → +0.005%: −$3.51
Slippage, 4 orders: −$10.44
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$60.86
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Gate: 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, 6 min ago	0.31 bp	0.5 bp −$1	1.2 bp −$12	71.5 bp −$7,146	doesn't fit
Sell Gate live order book, 2 min ago	0.22 bp	11.8 bp −$12	21.7 bp −$217	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	227.88	−0.004%	$12.7M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.84	−0.021%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDTshort	0.0000%	8h	227.82	−0.030%	$7.2M	$9.7M	100x
SunX NVDA-USDT	0.0000%	8h	227.41	−0.210%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.90	+0.005%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.96	+0.032%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	227.77	−0.053%	$484K	$582K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.85	−0.018%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	227.92	+0.015%	$3.5M	$1.9M	—	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0013%	1h	227.80	−0.039%	$49K	$1.5M	10x	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	227.75	−0.063%	$636K	$597K	10x	as long as short
Bitget NVDAUSDT	+0.0039%	8h	227.91	+0.010%	$15.4M	$16.8M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.73	−0.069%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.86	−0.012%	$1.5M	$10.8M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.97	+0.036%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.75	−0.061%	$148.1M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.84	−0.021%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.75	−0.061%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.73	−0.069%	$1.5M	$2.1M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.188%	$1.3M	$798K	10x	as long as short
Nado NVDA-PERP	+0.0087%	1h	227.77	−0.051%	$484K	$229K	20x	as long as short
Binance NVDAUSDT	+0.0087%	8h	227.90	+0.005%	$156.5M	$217.0M	50x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	227.74	−0.065%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.75	−0.062%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.74	−0.065%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	−0.012%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.84	−0.019%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.84	−0.021%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0145%	8h	227.91	+0.010%	$1.6M	$735K	20x	as long as short
Lighter NVDAlong	+0.0152%	1h	227.89	long leg	$2.2M	$3.2M	20x
Lighter RH NVDA	+0.0152%	1h	228.05	+0.071%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0190%	8h	227.92	+0.012%	$21K	$391K	10x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	227.93	+0.018%	$719K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.137%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0342%	4h	227.88	−0.005%	$170K	$1.9M	20x	as long as short