Funding you earn now, next payment 11:00 UTC−0.0320%/8h= −35.1% APRpaid last 24h −0.030%
Price spread now: SunX against Arcus−0.141%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$780.781% of the position
Funding, last 4 days (all we have)−0.093%−$9 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.141%, 7d avg −0.041%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.099% cheaper against Arcus than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.041%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.093% in total (about -8.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus NVDA-USD | 227.43 | 0.0320 | pay 0.0040% / 1h | 46m 52s | $384K | $704K | 20x |
| Short | SunX NVDA-USDT | 227.11 | 0 | get 0.0000% / 8h | 5h 46m | $2K | $3.4M | 20x |
Arcus NVDA-USD
SunX NVDA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Arcus. 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
- −$67.29
- Price spread: −0.141% → −0.041%
- −$9.92
- Slippage, 4 orders
- −$65.62
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$155.33
- Costs to cover
- 0.781%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 65 min ago; SunX: 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 Arcus live order book, 65 min ago | 1.32 bp | 7.0 bp −$7 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell SunX live order book, 4 min ago | 21.98 bp | 26.0 bp −$26 | 55.8 bp −$558 | doesn't fit | doesn't fit |
NVDA on 35 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NVDA-PERP | −0.1600% | 1h | 225.99 | −0.633% | $35K | — | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 227.56 | +0.057% | $12.7M | $16.0M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.57 | +0.062% | $14.4M | $20.5M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.49 | +0.026% | $7.2M | $9.2M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.63 | +0.088% | $15.7M | $16.1M | 100x | as long as short |
| SunX NVDA-USDTshort | 0.0000% | 8h | 227.11 | −0.141% | $2K | $3.4M | 20x | |
| Deribit NVDA_USDC-PERPETUAL | 0.0000% | 1h | 227.41 | −0.009% | $16K | $1.9M | 10x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.51 | +0.035% | $199K | $400K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.53 | +0.044% | $2.2M | $41K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0014% | 1h | 227.47 | +0.019% | $118K | $52K | 10x | as long as short |
Hotstuff NVDA-PERP
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
Deribit NVDA_USDC-PERPETUAL
HTX NVDA-USDT
Phemex NVDAUSDT
Aftermath Perps NVDAUSDShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter NVDA | +0.0032% | 1h | 227.51 | +0.035% | $2.1M | $3.1M | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0032% | 1h | 227.32 | −0.048% | $613K | $939K | 10x | as long as short |
| GRVT NVDA_USDT_Perp | +0.0035% | 8h | 227.60 | +0.075% | $20K | $430K | 10x | as long as short |
| Aster NVDAUSDT | +0.0039% | 8h | 227.55 | +0.053% | $484K | $565K | 20x | as long as short |
| QFEX NVDA-USD | +0.0044% | 1h | 227.48 | +0.022% | $1.3M | $9.0M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.70 | +0.119% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.43 | 0.000% | $149.0M | $45.9M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.48 | +0.022% | $392K | $237K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.45 | +0.009% | $59K | $16K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.28 | −0.066% | $1.5M | $2.0M | 15x | as long as short |
| Nado NVDA-PERP | +0.0092% | 1h | 227.40 | −0.013% | $478K | $210K | 20x | as long as short |
| Lighter RH NVDA | +0.0096% | 1h | 227.67 | +0.106% | $5.1M | $7.1M | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.34 | −0.040% | $298K | $50K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.36 | −0.031% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.50 | +0.031% | $36K | $19K | 20x | as long as short |
| Variational Omni NVDA | +0.0116% | 8h | 227.53 | +0.043% | $3.3M | $2.4M | — | as long as short |
| Aevo NVDA-PERP | +0.0120% | 1h | 227.51 | +0.034% | — | — | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0132% | 8h | 227.53 | +0.044% | $1.6M | $1.3M | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0136% | 1h | 226.45 | −0.431% | $1.3M | $657K | 10x | as long as short |
| Phoenix NVDA | +0.0141% | 1h | 227.50 | +0.031% | $94K | $82K | 20x | as long as short |
| Binance NVDAUSDT | +0.0171% | 8h | 227.55 | +0.055% | $156.1M | $225.1M | 50x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.74 | +0.136% | $73K | $136 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0290% | 8h | 227.58 | +0.066% | $729K | $201K | 20x | as long as short |
| Arcus NVDA-USDlong | +0.0320% | 1h | 227.43 | long leg | $384K | $704K | 20x | |
| edgeX NVDAUSDC | +0.0913% | 4h | 227.49 | +0.025% | $171K | $1.9M | 20x | as long as short |
Lighter NVDA
Extended NVDA_24_5-USD
GRVT NVDA_USDT_Perp
Aster NVDAUSDT
QFEX NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Nado NVDA-PERP
Lighter RH NVDA
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Variational Omni NVDA
Aevo NVDA-PERP
KuCoin NVDAUSDTM
Coinbase International NVDA-PERP-INTX
Phoenix NVDA
Binance NVDAUSDT
Injective NVDA/USDC PERP
BloFin NVDA-USDT
edgeX NVDAUSDC