Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.015%

Price spread now: Bitget against Lighter RH−0.026%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$170.170% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.026%, 7d avg −0.004%

Together, before fees−0.025%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.022% cheaper against Lighter RH than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.004%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NVDA	227.68	0.0208	pay 0.0026% / 1h	27m 50s	$5.1M	$7.1M	20x
Short	Bitget NVDAUSDT	227.62	0	get 0.0000% / 8h	5h 27m	$15.5M	$16.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter RH. 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 Lighter RHbpFee BitgetbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$43.68
Price spread: −0.026% → −0.004%: −$2.24
Slippage, 4 orders: −$4.97
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.89
Costs to cover: 0.170%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 6 min ago; Bitget: live order book, 1 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 RH live order book, 6 min ago	1.10 bp	1.2 bp −$1	2.3 bp −$23	35.3 bp −$3,531	doesn't fit
Sell Bitget live order book, 1 min ago	0.22 bp	6.7 bp −$7	8.6 bp −$86	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	227.55	−0.057%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	−0.057%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.51	−0.075%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDTshort	0.0000%	8h	227.62	−0.026%	$15.5M	$16.4M	100x
GRVT NVDA_USDT_Perp	0.0000%	8h	227.68	0.000%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.06	−0.272%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.035%	$198K	$478K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	−0.018%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0011%	8h	227.58	−0.043%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.52	−0.072%	$118K	$54K	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	+0.0036%	8h	227.62	−0.027%	$3.5M	$2.1M	—	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	227.40	−0.123%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.68	0.000%	$406K	$745K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.56	−0.053%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.64	−0.018%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.40	−0.123%	$147.9M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.51	−0.075%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.41	−0.119%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.43	−0.110%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.066%	$1.3M	$777K	10x	as long as short
Binance NVDAUSDT	+0.0096%	8h	227.60	−0.035%	$156.2M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.42	−0.113%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.50	−0.079%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.53	−0.066%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.56	−0.053%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.50	−0.079%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0123%	1h	227.42	−0.115%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0134%	8h	227.61	−0.031%	$1.6M	$725K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.55	−0.058%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDAlong	+0.0208%	1h	227.68	long leg	$5.1M	$7.1M	20x
BloFin NVDA-USDT	+0.0215%	8h	227.67	−0.004%	$723K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.136%	$73K	$137	30x	as long as short
edgeX NVDAUSDC	+0.0277%	4h	227.60	−0.035%	$170K	$1.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0322%	1h	227.50	−0.079%	$49K	$1.6M	10x	as long as short
Extended NVDA_24_5-USD	+0.0352%	1h	227.37	−0.138%	$689K	$722K	10x	as long as short