Funding you earn now, next payment 06:00 UTC+0.0490%/8h= +53.7% APRpaid last 24h +0.071%
Price spread now: edgeX against Phoenix+0.031%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs+$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$340.345% of the position
Funding, last 7 days+0.701%+$70 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.031%, 7d avg +0.020%
=Together, before fees+0.714%+ Points / potential airdropedgeX: Active · farm board+$71 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NVDA | 226.30 | 0.0106 | pay 0.0013% / 1h | 56m 14s | $93K | $83K | 20x |
| Short | edgeX NVDAUSDC | 226.37 | 0.0596 | get 0.0298% / 4h | 56m 14s | $170K | $1.9M | 20x |
Phoenix NVDA
edgeX NVDAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phoenix. 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
- $103
- Price spread: +0.031% → +0.020%
- $1.07
- Slippage, 4 orders
- −$18.45
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $69.62
- Costs to cover
- 0.345%
- Break-even
- 2.3 days
Slippage from Phoenix: live order book, 39 min ago; edgeX: live order book, 3 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, 39 min ago | 3.10 bp | 9.1 bp −$9 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 3 min ago | 3.31 bp | 8.1 bp −$8 | 12.9 bp −$129 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NVDAUSDT | 0.0000% | 8h | 226.24 | −0.027% | $12.4M | $14.5M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.25 | −0.022% | $14.1M | $20.5M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.21 | −0.040% | $7.2M | $9.9M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.33 | +0.013% | $15.8M | $16.6M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 226.46 | +0.071% | $21K | $421K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 225.84 | −0.203% | $2K | $3.6M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 226.42 | +0.053% | $198K | $448K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 226.39 | +0.040% | $2.2M | $42K | 10x | as long as short |
| Aster NVDAUSDT | +0.0019% | 8h | 226.24 | −0.028% | $481K | $530K | 20x | as long as short |
| Aftermath Perps NVDAUSD | +0.0019% | 1h | 226.15 | −0.067% | $117K | $51K | 10x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aster NVDAUSDT
Aftermath Perps NVDAUSDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NVDA | +0.0036% | 8h | 226.42 | +0.051% | $3.5M | $2.3M | — | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 226.28 | −0.009% | $399K | $732K | 20x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.27 | −0.013% | — | $74K | 25x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.08 | −0.097% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.13 | −0.075% | $1.6M | $1.9M | 15x | as long as short |
| Hotstuff NVDA-PERP | +0.0064% | 1h | 226.18 | −0.053% | $35K | — | 20x | as long as short |
| QFEX NVDA-USD | +0.0064% | 1h | 226.20 | −0.044% | $1.3M | $9.1M | 10x | as long as short |
| Polymarket Perps NVDA-USD | +0.0072% | 1h | 226.19 | −0.049% | $391K | $247K | 10x | as long as short |
| tradeXYZ xyz:NVDA | +0.0081% | 1h | 226.10 | −0.088% | $146.9M | $43.4M | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.07 | −0.102% | $297K | $49K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.26 | −0.018% | $1.6M | $742K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.21 | −0.040% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.20 | −0.044% | $36K | $21K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 226.24 | −0.028% | — | — | 10x | as long as short |
| Binance NVDAUSDT | +0.0106% | 8h | 226.27 | −0.013% | $154.3M | $218.3M | 50x | as long as short |
| Phoenix NVDAlong | +0.0106% | 1h | 226.30 | long leg | $93K | $83K | 20x | |
| Coinbase International NVDA-PERP-INTX | +0.0120% | 1h | 226.29 | −0.004% | $1.3M | $697K | 10x | as long as short |
| Lighter NVDA | +0.0144% | 1h | 226.20 | −0.044% | $2.1M | $3.2M | 20x | as long as short |
| Nado NVDA-PERP | +0.0161% | 1h | 226.03 | −0.117% | $480K | $223K | 20x | as long as short |
| Lighter RH NVDA | +0.0208% | 1h | 226.34 | +0.018% | $5.1M | $6.9M | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 226.58 | +0.124% | $73K | $136 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0224% | 8h | 226.42 | +0.053% | $712K | $195K | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0352% | 1h | 225.96 | −0.150% | $644K | $875K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0369% | 1h | 226.16 | −0.062% | $53K | $1.8M | 10x | as long as short |
| edgeX NVDAUSDCshort | +0.0596% | 4h | 226.37 | +0.031% | $170K | $1.9M | 20x |
Variational Omni NVDA
Arcus NVDA-USD
Vest NVDA-USD-PERP
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Hotstuff NVDA-PERP
QFEX NVDA-USD
Polymarket Perps NVDA-USD
tradeXYZ xyz:NVDA
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Binance NVDAUSDT
Coinbase International NVDA-PERP-INTX
Lighter NVDA
Nado NVDA-PERP
Lighter RH NVDA
Injective NVDA/USDC PERP
BloFin NVDA-USDT
Extended NVDA_24_5-USD
Deribit NVDA_USDC-PERPETUAL