Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.012%
Price spread now: Orderly against tradeXYZ+0.040%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.040% dearer against tradeXYZ than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NVDA | 227.70 | 0.0050 | pay 0.0006% / 1h | 13m 30s | $148.2M | $44.6M | 20x |
| Short | Orderly PERP_NVDA_USDC | 227.79 | 0.0100 | get 0.0100% / 8h | 6h 13m | $36K | $22K | 20x |
tradeXYZ xyz:NVDA
Orderly PERP_NVDA_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against tradeXYZ. 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
- $10.5
- Price spread: +0.040% → 0.000%
- $3.95
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$9.55
- Costs to cover
- 0.240%
- Break-even
- 13.4 days
Slippage unknown: tradeXYZ: live order book, 6 min ago; Orderly: 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 tradeXYZ live order book, 6 min ago | 0.22 bp | 9.7 bp −$10 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 34 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 | 227.81 | +0.047% | $484K | $590K | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 227.84 | +0.061% | $12.7M | $15.0M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.80 | +0.044% | $14.4M | $20.3M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.77 | +0.031% | $7.2M | $9.6M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.85 | +0.066% | $15.4M | $16.4M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.28 | −0.184% | $2K | $3.8M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.84 | +0.061% | $198K | $494K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.90 | +0.088% | $2.2M | $43K | 10x | as long as short |
| GRVT NVDA_USDT_Perp | +0.0012% | 8h | 227.85 | +0.064% | $20K | $389K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0012% | 1h | 227.78 | +0.037% | $118K | $54K | 10x | as long as short |
Aster NVDAUSDT
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
GRVT NVDA_USDT_Perp
Aftermath Perps NVDAUSDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit NVDA_USDC-PERPETUAL | +0.0014% | 1h | 227.72 | +0.009% | $49K | $1.5M | 10x | as long as short |
| Variational Omni NVDA | +0.0022% | 8h | 227.80 | +0.045% | $3.5M | $2.0M | — | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.67 | −0.013% | $400K | $721K | 20x | as long as short |
| QFEX NVDA-USD | +0.0045% | 1h | 227.83 | +0.057% | $1.4M | $9.9M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.95 | +0.110% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDAlong | +0.0050% | 1h | 227.70 | long leg | $148.2M | $44.6M | 20x | |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.78 | +0.035% | $402K | $277K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.66 | −0.018% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.64 | −0.026% | $1.6M | $2.0M | 15x | as long as short |
| Hotstuff NVDA-PERP | +0.0072% | 1h | 227.71 | +0.004% | $35K | — | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0072% | 1h | 227.46 | −0.105% | $1.3M | $783K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0078% | 4h | 227.79 | +0.042% | $170K | $1.9M | 20x | as long as short |
| Nado NVDA-PERP | +0.0080% | 1h | 227.71 | +0.005% | $484K | $229K | 20x | as long as short |
| Binance NVDAUSDT | +0.0084% | 8h | 227.84 | +0.061% | $156.3M | $215.8M | 50x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.69 | −0.004% | $299K | $60K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.68 | −0.009% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDCshort | +0.0100% | 8h | 227.79 | +0.040% | $36K | $22K | 20x | |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.78 | +0.037% | — | — | 10x | as long as short |
| Phoenix NVDA | +0.0105% | 1h | 227.66 | −0.018% | $94K | $112K | 20x | as long as short |
| Lighter NVDA | +0.0120% | 1h | 227.85 | +0.065% | $2.2M | $3.2M | 20x | as long as short |
| KuCoin NVDAUSDTM | +0.0129% | 8h | 227.88 | +0.079% | $1.6M | $736K | 20x | as long as short |
| Lighter RH NVDA | +0.0144% | 1h | 227.97 | +0.119% | $5.1M | $7.0M | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0176% | 1h | 227.67 | −0.013% | $689K | $714K | 10x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 228.09 | +0.171% | $73K | $138 | 30x | as long as short |
Deribit NVDA_USDC-PERPETUAL
Variational Omni NVDA
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Hotstuff NVDA-PERP
Coinbase International NVDA-PERP-INTX
edgeX NVDAUSDC
Nado NVDA-PERP
Binance NVDAUSDT
Pacifica NVDA
ApeX Omni NVDAUSDT
Aevo NVDA-PERP
Phoenix NVDA
Lighter NVDA
KuCoin NVDAUSDTM
Lighter RH NVDA
Extended NVDA_24_5-USD
Injective NVDA/USDC PERP