Funding you earn now, next payment 02:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h −0.063%
Price spread now: Hotstuff against Lighter−0.043%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.043% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NVDA | 227.82 | 0.0120 | pay 0.0015% / 1h | 16m 29s | $2.2M | $3.2M | 20x |
| Short | Hotstuff NVDA-PERP | 227.72 | 0.0056 | get 0.0007% / 1h | 16m 29s | $35K | — | 20x |
Lighter NVDA
Hotstuff NVDA-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Lighter. 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
- −$13.44
- Price spread: −0.043% → 0.000%
- −$4.26
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$22.7
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; Hotstuff: no order-book sample. Net counts fees only.
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 | 0.4 bp $0 | 1.0 bp −$10 | 11.6 bp −$1,163 | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NVDA on 34 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 | 227.82 | +0.001% | $12.7M | $15.0M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.83 | +0.006% | $14.4M | $20.3M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.74 | −0.034% | $7.2M | $9.6M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.85 | +0.014% | $15.4M | $16.4M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.35 | −0.205% | $2K | $3.8M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.96 | +0.063% | $198K | $494K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.95 | +0.058% | $2.2M | $43K | 10x | as long as short |
| Aster NVDAUSDT | 0.0000% | 8h | 227.79 | −0.011% | $484K | $590K | 20x | as long as short |
| Aftermath Perps NVDAUSD | +0.0012% | 1h | 227.68 | −0.061% | $118K | $54K | 10x | as long as short |
| GRVT NVDA_USDT_Perp | +0.0020% | 8h | 227.82 | +0.001% | $20K | $388K | 10x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aster NVDAUSDT
Aftermath Perps NVDAUSD
GRVT NVDA_USDT_PerpShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NVDA | +0.0022% | 8h | 227.79 | −0.011% | $3.5M | $2.0M | — | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.68 | −0.060% | $400K | $723K | 20x | as long as short |
| QFEX NVDA-USD | +0.0045% | 1h | 227.83 | +0.006% | $1.4M | $9.9M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.95 | +0.058% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.68 | −0.060% | $148.1M | $44.6M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.80 | −0.007% | $402K | $277K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.72 | −0.043% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.67 | −0.065% | $1.6M | $2.0M | 15x | as long as short |
| Hotstuff NVDA-PERPshort | +0.0056% | 1h | 227.72 | −0.043% | $35K | — | 20x | |
| Coinbase International NVDA-PERP-INTX | +0.0072% | 1h | 227.46 | −0.157% | $1.3M | $786K | 10x | as long as short |
| Nado NVDA-PERP | +0.0081% | 1h | 227.72 | −0.042% | $484K | $229K | 20x | as long as short |
| Binance NVDAUSDT | +0.0085% | 8h | 227.84 | +0.010% | $156.3M | $215.8M | 50x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.68 | −0.058% | $299K | $60K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.69 | −0.056% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.80 | −0.007% | $36K | $22K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0101% | 1h | 227.78 | −0.016% | $49K | $1.5M | 10x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.86 | +0.019% | — | — | 10x | as long as short |
| Phoenix NVDA | +0.0105% | 1h | 227.66 | −0.069% | $94K | $112K | 20x | as long as short |
| Lighter NVDAlong | +0.0120% | 1h | 227.82 | long leg | $2.2M | $3.2M | 20x | |
| KuCoin NVDAUSDTM | +0.0130% | 8h | 227.89 | +0.032% | $1.6M | $736K | 20x | as long as short |
| Lighter RH NVDA | +0.0136% | 1h | 227.96 | +0.063% | $5.1M | $7.0M | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0168% | 1h | 227.68 | −0.060% | $689K | $714K | 10x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 228.09 | +0.120% | $73K | $138 | 30x | as long as short |
| edgeX NVDAUSDC | +0.0460% | 4h | 227.77 | −0.022% | $170K | $1.9M | 20x | as long as short |
Variational Omni NVDA
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
Coinbase International NVDA-PERP-INTX
Nado NVDA-PERP
Binance NVDAUSDT
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Deribit NVDA_USDC-PERPETUAL
Aevo NVDA-PERP
Phoenix NVDA
KuCoin NVDAUSDTM
Lighter RH NVDA
Extended NVDA_24_5-USD
Injective NVDA/USDC PERP
edgeX NVDAUSDC