NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.11 per $10,000 · paid last 24h +0.023%

Price spread now: Deribit against Pacifica+0.034%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.056%+$6 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.034%, 7d avg +0.021%

Together, before fees−0.022%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair paid +0.056%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	227.10	0.0100	pay 0.0013% / 1h	50m 08s	$298K	$60K	10x
Short	Deribit NVDA_USDC-PERPETUAL	227.18	0.0014	get 0.0002% / 1h	50m 08s	$49K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Pacifica. 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 PacificabpFee DeribitbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$18.02
Price spread: +0.034% → +0.021%: $1.38
Slippage, 4 orders: −$11.91
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$43.55
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from Pacifica: live order book, 33 min ago; Deribit: live order book, 4 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 Pacifica live order book, 33 min ago	0.88 bp	4.9 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	3.96 bp	7.9 bp −$8	9.5 bp −$95	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
Aster NVDAUSDT	0.0000%	8h	227.21	+0.049%	$474K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.26	+0.070%	$156.2M	$220.6M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.24	+0.061%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.24	+0.061%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.20	+0.043%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.25	+0.063%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.19	+0.039%	$20K	$459K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.90	−0.089%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.31	+0.092%	$202K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.30	+0.087%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0008%	1h	227.11	+0.004%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.20	+0.042%	$118K	$55K	10x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0014%	1h	227.18	+0.034%	$49K	$1.5M	10x
Bitget NVDAUSDT	+0.0026%	8h	227.26	+0.070%	$15.6M	$18.2M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.11	+0.003%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.22	+0.052%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.31	+0.092%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.09	−0.005%	$147.1M	$50.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.18	+0.034%	$390K	$281K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.10	−0.001%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.04	−0.027%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0053%	1h	227.14	+0.017%	$487K	$225K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.16	+0.026%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0080%	1h	227.38	+0.122%	$4.9M	$7.0M	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.25	+0.064%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.040%	$1.3M	$911K	10x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.10	long leg	$298K	$60K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	227.23	+0.056%	$1.6M	$753K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.15	+0.021%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.23	+0.056%	$36K	$22K	20x	as long as short
Lighter NVDA	+0.0112%	1h	227.26	+0.072%	$2.1M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.24	+0.061%	$714K	$205K	20x	as long as short
edgeX NVDAUSDC	+0.0133%	4h	227.30	+0.085%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.63	+0.233%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.15	+0.021%	$388K	$709K	20x	as long as short