NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.028%

Price spread now: Ondo Perps against Phoenix−0.084%48s7-day average −0.069% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.084%, 7d avg −0.069%

Together, before fees−0.091%+ Points / potential airdropOndo Perps: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 48 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	226.39	0.0106	pay 0.0013% / 1h	25m 58s	$93K	$112K	20x
Short	Ondo Perps NVDA-USD.P	226.20	0.0050	get 0.0006% / 1h	25m 58s	$1.6M	$1.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$11.66
Price spread: −0.084% → −0.069%: −$1.51
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$25.17
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 9 min ago; Ondo Perps: no order-book sample. 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 Phoenix live order book, 9 min ago	3.10 bp	9.1 bp −$9	19.3 bp −$193	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Aster NVDAUSDT	0.0000%	8h	226.48	+0.039%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.51	+0.053%	$12.4M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.52	+0.057%	$14.1M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.50	+0.049%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.48	+0.040%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.34	−0.022%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.13	−0.115%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.57	+0.080%	$198K	$451K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.59	+0.088%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	226.22	−0.074%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0016%	8h	226.32	−0.033%	$3.5M	$2.2M	—	as long as short
edgeX NVDAUSDC	+0.0039%	4h	226.42	+0.013%	$170K	$1.9M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.37	−0.009%	$399K	$731K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.57	+0.080%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.37	−0.009%	$147.1M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.42	+0.013%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.36	−0.013%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	226.20	−0.084%	$1.6M	$1.9M	15x
QFEX NVDA-USD	+0.0056%	1h	226.46	+0.031%	$1.3M	$9.1M	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.41	+0.009%	$52K	$1.8M	10x	as long as short
Lighter NVDA	+0.0080%	1h	226.50	+0.049%	$2.1M	$3.3M	20x	as long as short
Hotstuff NVDA-PERP	+0.0080%	1h	226.35	−0.018%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0084%	8h	226.51	+0.053%	$154.5M	$218.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.30	−0.041%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.42	+0.013%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.36	−0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.45	+0.027%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.47	+0.035%	—	—	10x	as long as short
Phoenix NVDAlong	+0.0106%	1h	226.39	long leg	$93K	$112K	20x
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.044%	$1.3M	$732K	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.63	+0.106%	$5.0M	$7.0M	20x	as long as short
Nado NVDA-PERP	+0.0123%	1h	226.31	−0.033%	$481K	$224K	20x	as long as short
BloFin NVDA-USDT	+0.0204%	8h	226.48	+0.040%	$715K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.124%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0408%	1h	226.31	−0.033%	$623K	$833K	10x	as long as short