Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.014%

Price spread now: Lighter against Orderly−0.008%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Lighter

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: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NVDA_USDC	226.42	0.0100	pay 0.0100% / 8h	1h 51m	$36K	$21K	20x
Short	Lighter NVDA	226.40	0.0112	get 0.0014% / 1h	51m 30s	$2.1M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now −0.008%Rate

Funding earned: $2.52
Price spread: −0.008% → 0.000%: −$0.84
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$4.32
Costs to cover: 0.060%
Break-even: 19.0 days

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 6 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	0.31 bp	0.3 bp $0	1.3 bp −$13	12.7 bp −$1,274	doesn't fit

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	226.45	+0.013%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.43	+0.004%	$12.4M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.41	−0.004%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.37	−0.022%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.45	+0.013%	$15.2M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.49	+0.031%	$21K	$420K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.13	−0.128%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.72	+0.132%	$198K	$455K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.58	+0.071%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0012%	8h	226.43	+0.002%	$3.6M	$2.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0013%	1h	226.33	−0.038%	$117K	$52K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.42	0.000%	$398K	$735K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.49	+0.031%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.30	−0.053%	$147.0M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.36	−0.026%	$398K	$279K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.32	−0.044%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.30	−0.053%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.37	−0.022%	$1.3M	$9.1M	10x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	226.33	−0.040%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0085%	8h	226.43	+0.004%	$154.3M	$219.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.29	−0.057%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.46	+0.018%	$1.6M	$746K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.31	−0.049%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDClong	+0.0100%	8h	226.42	long leg	$36K	$21K	20x
Aevo NVDA-PERP	+0.0104%	1h	226.45	+0.012%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.38	−0.018%	$93K	$112K	20x	as long as short
Lighter NVDAshort	+0.0112%	1h	226.40	−0.008%	$2.1M	$3.3M	20x
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.057%	$1.3M	$789K	10x	as long as short
Nado NVDA-PERP	+0.0149%	1h	226.32	−0.046%	$481K	$226K	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	226.54	+0.053%	$5.0M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0204%	8h	226.53	+0.049%	$716K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.74	+0.141%	$73K	$136	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0280%	1h	226.36	−0.026%	$52K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0408%	1h	226.20	−0.097%	$667K	$767K	10x	as long as short
edgeX NVDAUSDC	+0.0903%	4h	226.48	+0.025%	$170K	$1.9M	20x	as long as short