NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h −0.016%

Price spread now: Arcus against Phoenix+0.013%49s7-day average −0.069% · 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—prices read too far apart to compare

costs, in and out, $10k−$280.279% of the position

Long on Phoenix Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.045%+$4 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.013%, 7d avg −0.069%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.082% dearer against Phoenix than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.069%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NVDA	227.34	0.0106	pay 0.0013% / 1h	44m 07s	$93K	$112K	20x
Short	Arcus NVDA-USD	227.37	0.0127	get 0.0016% / 1h	44m 07s	$400K	$724K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phoenix. 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 PhoenixbpFee ArcusbpOrdersPrice spread, now +0.013%Rate

Funding earned: $4.6
Price spread: +0.013% → −0.069%: $8.18
Slippage, 4 orders: −$16.36
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$15.08
Costs to cover: 0.279%
Break-even: 30.0 days

Slippage from Phoenix: live order book, 26 min ago; Arcus: live order book, 35 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 Phoenix live order book, 26 min ago	2.64 bp	8.6 bp −$9	18.0 bp −$180	doesn't fit	doesn't fit
Sell Arcus live order book, 35 min ago	0.66 bp	2.9 bp −$3	2.9 bp −$29	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	227.42	+0.035%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.57	+0.101%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	+0.092%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.47	+0.057%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.45	+0.047%	$3.6M	$2.1M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.48	+0.061%	$20K	$427K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.96	−0.167%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.062%	$198K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.55	+0.092%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0030%	1h	227.41	+0.030%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0043%	8h	227.58	+0.106%	$156.4M	$220.2M	50x	as long as short
Bitget NVDAUSDT	+0.0044%	8h	227.60	+0.114%	$15.6M	$17.8M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.58	+0.106%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.43	+0.040%	$147.5M	$48.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.45	+0.048%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.41	+0.031%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.018%	$1.6M	$2.1M	15x	as long as short
Extended NVDA_24_5-USD	+0.0056%	1h	227.35	+0.004%	$536K	$446K	10x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	227.39	+0.022%	$35K	—	20x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.51	+0.075%	$1.6M	$11.4M	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.54	+0.089%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0092%	1h	227.38	+0.016%	$484K	$228K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.145%	$1.3M	$862K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.36	+0.009%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.075%	$1.6M	$745K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.018%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.52	+0.079%	$36K	$22K	20x	as long as short
Phoenix NVDAlong	+0.0106%	1h	227.34	long leg	$93K	$112K	20x
Arcus NVDA-USDshort	+0.0127%	1h	227.37	+0.013%	$400K	$724K	20x
BloFin NVDA-USDT	+0.0162%	8h	227.49	+0.066%	$671K	$204K	20x	as long as short
edgeX NVDAUSDC	+0.0183%	4h	227.45	+0.047%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.73	+0.172%	$73K	$135	30x	as long as short
Lighter RH NVDA	+0.0248%	1h	227.70	+0.158%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0256%	1h	227.60	+0.113%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0366%	1h	227.51	+0.075%	$49K	$1.4M	10x	as long as short