Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.012%
Price spread now: tradeXYZ against Orderly−0.040%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.040% cheaper against Orderly 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 | Orderly PERP_NVDA_USDC | 227.50 | 0.0100 | pay 0.0100% / 8h | 4h 33m | $36K | $22K | 20x |
| Short | tradeXYZ xyz:NVDA | 227.41 | 0.0050 | get 0.0006% / 1h | 33m 10s | $147.7M | $43.7M | 20x |
Orderly PERP_NVDA_USDC
tradeXYZ xyz:NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Orderly. 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
- −$10.5
- Price spread: −0.040% → 0.000%
- −$3.96
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$38.46
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 7 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 tradeXYZ live order book, 7 min ago | 0.22 bp | 9.5 bp −$10 | 10.7 bp −$107 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NVDAUSDT | 0.0000% | 8h | 227.56 | +0.026% | $12.7M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.53 | +0.013% | $14.4M | $20.4M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.50 | 0.000% | $7.2M | $9.7M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.60 | +0.044% | $15.5M | $16.4M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.20 | −0.132% | $2K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.64 | +0.062% | $198K | $471K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.58 | +0.035% | $2.2M | $43K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0016% | 1h | 227.45 | −0.023% | $118K | $54K | 10x | as long as short |
| Aster NVDAUSDT | +0.0035% | 8h | 227.56 | +0.028% | $483K | $590K | 20x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.47 | −0.013% | $400K | $745K | 20x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aftermath Perps NVDAUSD
Aster NVDAUSDT
Arcus NVDA-USDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.66 | +0.070% | — | $74K | 25x | as long as short |
| GRVT NVDA_USDT_Perp | +0.0048% | 8h | 227.58 | +0.037% | $21K | $391K | 10x | as long as short |
| tradeXYZ xyz:NVDAshort | +0.0050% | 1h | 227.41 | −0.040% | $147.7M | $43.7M | 20x | |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.52 | +0.009% | $401K | $276K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.41 | −0.040% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.31 | −0.084% | $1.6M | $2.0M | 15x | as long as short |
| QFEX NVDA-USD | +0.0057% | 1h | 227.51 | +0.004% | $1.4M | $9.3M | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0058% | 1h | 227.47 | −0.013% | $49K | $1.6M | 10x | as long as short |
| Lighter NVDA | +0.0064% | 1h | 227.52 | +0.011% | $2.2M | $3.3M | 20x | as long as short |
| Hotstuff NVDA-PERP | +0.0064% | 1h | 227.41 | −0.040% | $35K | — | 20x | as long as short |
| Variational Omni NVDA | +0.0068% | 8h | 227.54 | +0.015% | $3.5M | $2.1M | — | as long as short |
| Nado NVDA-PERP | +0.0072% | 1h | 227.44 | −0.028% | $484K | $228K | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.42 | −0.035% | $298K | $51K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.44 | −0.026% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDClong | +0.0100% | 8h | 227.50 | long leg | $36K | $22K | 20x | |
| Coinbase International NVDA-PERP-INTX | +0.0104% | 1h | 227.53 | +0.013% | $1.3M | $775K | 10x | as long as short |
| Aevo NVDA-PERP | +0.0112% | 1h | 227.53 | +0.011% | — | — | 10x | as long as short |
| Binance NVDAUSDT | +0.0120% | 8h | 227.56 | +0.026% | $156.3M | $216.2M | 50x | as long as short |
| Lighter RH NVDA | +0.0136% | 1h | 227.67 | +0.075% | $5.1M | $7.1M | 20x | as long as short |
| KuCoin NVDAUSDTM | +0.0138% | 8h | 227.55 | +0.022% | $1.6M | $725K | 20x | as long as short |
| Phoenix NVDA | +0.0141% | 1h | 227.45 | −0.022% | $94K | $112K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.84 | +0.149% | $73K | $137 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0239% | 8h | 227.56 | +0.026% | $722K | $201K | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0392% | 1h | 227.38 | −0.051% | $685K | $733K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0875% | 4h | 227.54 | +0.018% | $170K | $1.9M | 20x | as long as short |
Vest NVDA-USD-PERP
GRVT NVDA_USDT_Perp
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
QFEX NVDA-USD
Deribit NVDA_USDC-PERPETUAL
Lighter NVDA
Hotstuff NVDA-PERP
Variational Omni NVDA
Nado NVDA-PERP
Pacifica NVDA
ApeX Omni NVDAUSDT
Coinbase International NVDA-PERP-INTX
Aevo NVDA-PERP
Binance NVDAUSDT
Lighter RH NVDA
KuCoin NVDAUSDTM
Phoenix NVDA
Injective NVDA/USDC PERP
BloFin NVDA-USDT
Extended NVDA_24_5-USD
edgeX NVDAUSDC