Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.044%

Price spread now: Lighter against SunX+0.197%7-day average +0.122% · 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−$58as in the Price arb table

costs, in and out, $10k−$650.654% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.291%+$29 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.197%, 7d avg +0.122%

Together, before fees+0.240%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.075% dearer against SunX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	225.82	0	get 0.0000% / 8h	58m 17s	$2K	$3.6M	20x
Short	Lighter NVDA	226.26	0.0080	get 0.0010% / 1h	58m 17s	$2.1M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +0.197%Rate

Funding earned: $16.8
Price spread: +0.197% → +0.122%: $7.47
Slippage, 4 orders: −$57.36
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$41.09
Costs to cover: 0.654%
Break-even: 24.1 days

Slippage from SunX: live order book, 10 min ago; Lighter: 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 SunX live order book, 10 min ago	21.86 bp	38.5 bp −$38	67.8 bp −$678	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.02 bp	0.1 bp $0	0.6 bp −$6	16.0 bp −$1,604	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	226.27	+0.199%	$12.4M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.24	+0.186%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.27	+0.199%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.35	+0.235%	$15.8M	$16.6M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.46	+0.284%	$21K	$421K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	225.82	long leg	$2K	$3.6M	20x
HTX NVDA-USDT	0.0000%	8h	226.42	+0.266%	$198K	$448K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.55	+0.323%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0018%	1h	226.22	+0.177%	$117K	$51K	10x	as long as short
Aster NVDAUSDT	+0.0018%	8h	226.30	+0.214%	$482K	$530K	20x	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	+0.0036%	8h	226.42	+0.264%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.35	+0.235%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.38	+0.248%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	226.24	+0.186%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.14	+0.142%	$146.9M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.24	+0.186%	$391K	$247K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.15	+0.146%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.13	+0.137%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.30	+0.213%	$1.3M	$9.1M	10x	as long as short
Lighter NVDAshort	+0.0080%	1h	226.26	+0.197%	$2.1M	$3.2M	20x
Pacifica NVDA	+0.0100%	1h	226.19	+0.165%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.37	+0.244%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.21	+0.173%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.23	+0.182%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.29	+0.208%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0104%	8h	226.26	+0.196%	$154.3M	$218.4M	50x	as long as short
Phoenix NVDA	+0.0106%	1h	226.30	+0.213%	$93K	$83K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.29	+0.208%	$1.3M	$697K	10x	as long as short
Nado NVDA-PERP	+0.0124%	1h	226.19	+0.165%	$480K	$223K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0148%	1h	226.19	+0.164%	$53K	$1.8M	10x	as long as short
Lighter RH NVDA	+0.0168%	1h	226.42	+0.266%	$5.1M	$6.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.94	+0.496%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0224%	8h	226.43	+0.270%	$712K	$195K	20x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	226.03	+0.093%	$644K	$875K	10x	as long as short
edgeX NVDAUSDC	+0.0455%	4h	226.45	+0.279%	$170K	$1.9M	20x	as long as short