Funding you earn now, next payment 04:00 UTC+0.0041%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.014%
Price spread now: Phoenix against Pacifica+0.034%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$380.382% of the position
Funding, last 7 days+0.065%+$7 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.034%, 7d avg +0.028%
=Together, before fees+0.067%+ Points / potential airdropPacifica: Active · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica NVDA | 226.94 | 0.0100 | pay 0.0013% / 1h | 21m 17s | $298K | $50K | 10x |
| Short | Phoenix NVDA | 227.02 | 0.0141 | get 0.0018% / 1h | 21m 17s | $93K | $112K | 20x |
Pacifica NVDA
Phoenix NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Pacifica. 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
- $8.53
- Price spread: +0.034% → +0.028%
- $0.57
- Slippage, 4 orders
- −$23.16
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$29.06
- Costs to cover
- 0.382%
- Break-even
- 30.9 days
Slippage from Pacifica: live order book, 32 min ago; Phoenix: live order book, 24 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, 32 min ago | 1.98 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 24 min ago | 3.08 bp | 9.4 bp −$9 | 20.5 bp −$205 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NVDA-PERP | −0.0080% | 1h | 226.89 | −0.023% | $35K | — | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 227.05 | +0.047% | $12.6M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.06 | +0.052% | $14.3M | $20.4M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.04 | +0.043% | $7.3M | $9.7M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.10 | +0.069% | $15.4M | $16.4M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.10 | +0.069% | $21K | $396K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.70 | −0.107% | $2K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.26 | +0.140% | $197K | $462K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.28 | +0.149% | $2.2M | $43K | 10x | as long as short |
| Aster NVDAUSDT | +0.0005% | 8h | 227.02 | +0.035% | $482K | $569K | 20x | as long as short |
Hotstuff NVDA-PERP
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aster NVDAUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps NVDAUSD | +0.0011% | 1h | 226.95 | +0.003% | $118K | $53K | 10x | as long as short |
| Lighter NVDA | +0.0032% | 1h | 227.02 | +0.034% | $2.1M | $3.3M | 20x | as long as short |
| Variational Omni NVDA | +0.0037% | 8h | 227.11 | +0.075% | $3.6M | $2.2M | — | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.01 | +0.030% | $398K | $738K | 20x | as long as short |
| QFEX NVDA-USD | +0.0041% | 1h | 227.01 | +0.030% | $1.3M | $9.1M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.13 | +0.083% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.91 | −0.014% | $147.5M | $43.4M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.02 | +0.034% | $400K | $276K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.88 | −0.027% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.79 | −0.067% | $1.6M | $2.0M | 15x | as long as short |
| Nado NVDA-PERP | +0.0055% | 1h | 226.93 | −0.004% | $483K | $227K | 20x | as long as short |
| Binance NVDAUSDT | +0.0092% | 8h | 227.10 | +0.069% | $155.6M | $216.3M | 50x | as long as short |
| Pacifica NVDAlong | +0.0100% | 1h | 226.94 | long leg | $298K | $50K | 10x | |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 227.05 | +0.047% | $1.6M | $728K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.89 | −0.023% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.00 | +0.025% | $36K | $21K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.05 | +0.048% | — | — | 10x | as long as short |
| Lighter RH NVDA | +0.0128% | 1h | 227.18 | +0.105% | $5.1M | $7.1M | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 227.11 | +0.074% | $1.3M | $782K | 10x | as long as short |
| Phoenix NVDAshort | +0.0141% | 1h | 227.02 | +0.034% | $93K | $112K | 20x | |
| Extended NVDA_24_5-USD | +0.0184% | 1h | 226.90 | −0.021% | $672K | $780K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0191% | 1h | 227.01 | +0.030% | $49K | $1.7M | 10x | as long as short |
| BloFin NVDA-USDT | +0.0215% | 8h | 227.15 | +0.091% | $718K | $201K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.52 | +0.255% | $73K | $138 | 30x | as long as short |
| edgeX NVDAUSDC | +0.0326% | 4h | 227.00 | +0.024% | $170K | $1.9M | 20x | as long as short |
Aftermath Perps NVDAUSD
Lighter NVDA
Variational Omni NVDA
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Nado NVDA-PERP
Binance NVDAUSDT
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Lighter RH NVDA
Coinbase International NVDA-PERP-INTX
Extended NVDA_24_5-USD
Deribit NVDA_USDC-PERPETUAL
BloFin NVDA-USDT
Injective NVDA/USDC PERP
edgeX NVDAUSDC