Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.010%

Price spread now: Orderly against Lighter RH−0.066%7-day average — · you buy dearer than you sell

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

Long on Lighter RH 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 RH: Points live · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.066% cheaper against Lighter RH than usual: you would sell low and buy high (−$7 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 RH NVDA	227.87	0.0120	pay 0.0015% / 1h	35m 51s	$5.1M	$7.0M	20x
Short	Orderly PERP_NVDA_USDC	227.72	0.0100	get 0.0100% / 8h	6h 35m	$36K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.066%Rate

Funding earned: −$4.2
Price spread: −0.066% → 0.000%: −$6.58
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$16.78
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter RH: 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 RH live order book, 3 min ago	0.66 bp	0.7 bp −$1	1.4 bp −$14	32.7 bp −$3,267	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
Aster NVDAUSDT	0.0000%	8h	227.75	−0.050%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.73	−0.061%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.71	−0.070%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.68	−0.083%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.79	−0.035%	$15.4M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.28	−0.259%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.75	−0.053%	$198K	$498K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.80	−0.031%	$2.2M	$43K	10x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.57	−0.132%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.58	−0.126%	$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	+0.0015%	8h	227.74	−0.057%	$3.5M	$1.9M	—	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.56	−0.134%	$693K	$709K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0037%	8h	227.71	−0.070%	$20K	$386K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.59	−0.123%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.72	−0.066%	$1.5M	$10.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	−0.013%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.60	−0.118%	$148.0M	$44.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.70	−0.075%	$402K	$280K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.59	−0.123%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.56	−0.136%	$1.5M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.180%	$1.3M	$788K	10x	as long as short
Nado NVDA-PERP	+0.0072%	1h	227.63	−0.107%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	227.78	−0.040%	$156.3M	$216.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.60	−0.118%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.62	−0.110%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	227.72	−0.066%	$36K	$22K	20x
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.67	−0.088%	$49K	$1.5M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.72	−0.066%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.62	−0.110%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.76	−0.048%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDAlong	+0.0120%	1h	227.87	long leg	$5.1M	$7.0M	20x
KuCoin NVDAUSDTM	+0.0131%	8h	227.75	−0.053%	$1.6M	$737K	20x	as long as short
BloFin NVDA-USDT	+0.0203%	8h	227.78	−0.039%	$723K	$204K	20x	as long as short
edgeX NVDAUSDC	+0.0212%	4h	227.66	−0.091%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.96	+0.039%	$73K	$135	30x	as long as short