Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.014%

Price spread now: Orderly against Lighter+0.007%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	226.43	0.0040	pay 0.0005% / 1h	24m 27s	$2.1M	$3.3M	20x
Short	Orderly PERP_NVDA_USDC	226.44	0.0100	get 0.0100% / 8h	2h 24m	$36K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.007%Rate

Funding earned: $12.6
Price spread: +0.007% → 0.000%: $0.66
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $7.26
Costs to cover: 0.060%
Break-even: 3.0 days

Slippage unknown: Lighter: live order book, 3 min ago; Orderly: 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, 3 min ago	0.40 bp	0.5 bp −$1	1.6 bp −$16	7.6 bp −$758	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 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	−0.046%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	226.48	+0.026%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.46	+0.015%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.46	+0.015%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.44	+0.007%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.50	+0.033%	$15.2M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.46	+0.014%	$21K	$409K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.20	−0.099%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.55	+0.055%	$198K	$459K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.52	+0.042%	$2.2M	$43K	10x	as long as short

Show 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	−0.039%	$3.6M	$2.1M	—	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	226.34	−0.038%	$117K	$52K	10x	as long as short
Lighter NVDAlong	+0.0040%	1h	226.43	long leg	$2.1M	$3.3M	20x
Arcus NVDA-USD	+0.0040%	1h	226.32	−0.046%	$397K	$728K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.43	+0.002%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.52	+0.042%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.34	−0.038%	$147.0M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.42	−0.002%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.31	−0.051%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.19	−0.104%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0078%	1h	226.32	−0.045%	$481K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0080%	8h	226.50	+0.033%	$154.5M	$218.3M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.32	−0.046%	$297K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.46	+0.015%	$1.6M	$739K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.19	−0.104%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	226.44	+0.007%	$36K	$21K	20x
Lighter RH NVDA	+0.0104%	1h	226.56	+0.060%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.46	+0.018%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.27	−0.068%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.060%	$1.3M	$789K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0148%	1h	226.39	−0.015%	$52K	$1.8M	10x	as long as short
BloFin NVDA-USDT	+0.0199%	8h	226.43	+0.002%	$716K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.71	+0.126%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0336%	1h	226.25	−0.077%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0908%	4h	226.31	−0.051%	$170K	$1.9M	20x	as long as short