Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0036%/8h= +4.0% APRpaid last 24h +0.009%

Price spread now: Lighter RH against Binance+0.033%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$130.133% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days+0.007%+$1 · spread now +0.033%, 7d avg +0.020%

Together, before fees+0.044%+ Points / potential airdropLighter RH: Points live · farm board+$4 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: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	227.07	0.0092	pay 0.0092% / 8h	3h 17m	$155.6M	$216.3M	50x
Short	Lighter RH NVDA	227.14	0.0128	get 0.0016% / 1h	17m 22s	$5.1M	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now +0.033%Rate

Funding earned: $7.6
Price spread: +0.033% → +0.020%: $1.29
Slippage, 4 orders: −$3.26
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$4.38
Costs to cover: 0.133%
Break-even: 11.0 days

Slippage from Binance: live order book, 11 min ago; Lighter RH: live order book, 6 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 Binance live order book, 11 min ago	0.22 bp	5.4 bp −$5	7.1 bp −$71	17.2 bp −$1,715	doesn't fit
Sell Lighter RH live order book, 6 min ago	1.32 bp	1.3 bp −$1	4.1 bp −$41	33.0 bp −$3,301	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	227.03	−0.016%	$12.6M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.02	−0.020%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.97	−0.042%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.05	−0.007%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.08	+0.008%	$20K	$396K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.55	−0.227%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.26	+0.085%	$197K	$461K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.23	+0.072%	$2.2M	$43K	10x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	226.88	−0.082%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	226.89	−0.079%	$118K	$52K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NVDA_USDC-PERPETUAL	+0.0015%	1h	226.86	−0.091%	$49K	$1.7M	10x	as long as short
Aster NVDAUSDT	+0.0017%	8h	227.06	−0.003%	$482K	$569K	20x	as long as short
Variational Omni NVDA	+0.0029%	8h	227.08	+0.004%	$3.6M	$2.2M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.98	−0.037%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.94	−0.055%	$398K	$739K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.00	−0.029%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.07	+0.002%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.87	−0.086%	$147.4M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.00	−0.029%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.79	−0.122%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.67	−0.174%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0058%	1h	226.90	−0.072%	$482K	$227K	20x	as long as short
Binance NVDAUSDTlong	+0.0092%	8h	227.07	long leg	$155.6M	$216.3M	50x
Pacifica NVDA	+0.0100%	1h	226.91	−0.068%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.05	−0.007%	$1.6M	$729K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.80	−0.117%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.01	−0.025%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.93	−0.059%	—	—	10x	as long as short
Lighter RH NVDAshort	+0.0128%	1h	227.14	+0.033%	$5.1M	$7.1M	20x
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.11	+0.019%	$1.3M	$782K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	226.87	−0.086%	$93K	$112K	20x	as long as short
Extended NVDA_24_5-USD	+0.0200%	1h	226.86	−0.091%	$672K	$765K	10x	as long as short
BloFin NVDA-USDT	+0.0212%	8h	227.14	+0.033%	$718K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.52	+0.200%	$73K	$138	30x	as long as short
edgeX NVDAUSDC	+0.0497%	4h	227.06	−0.001%	$170K	$1.9M	20x	as long as short