Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0177%/8h= +19.4% APRpaid last 24h +0.019%

Price spread now: Lighter against Bitget−0.009%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$150.146% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 7 days−0.014%−$1 · spread now −0.009%, 7d avg −0.046%

Together, before fees+0.092%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.037% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NVDAUSDT	227.46	0.0031	pay 0.0031% / 8h	18m 43s	$15.5M	$17.6M	100x
Short	Lighter NVDA	227.44	0.0208	get 0.0026% / 1h	18m 43s	$2.2M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.009%Rate

Funding earned: $37.17
Price spread: −0.009% → −0.046%: $3.74
Slippage, 4 orders: −$2.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $26.31
Costs to cover: 0.146%
Break-even: 2.0 days

Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.22 bp	7.3 bp −$7	10.6 bp −$106	25.8 bp −$2,577	doesn't fit
Sell Lighter live order book, 4 min ago	0.07 bp	0.1 bp $0	0.6 bp −$6	7.6 bp −$760	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
Aster NVDAUSDT	0.0000%	8h	227.41	−0.023%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.39	−0.031%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.44	−0.009%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.37	−0.040%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.32	−0.060%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.38	−0.035%	$21K	$412K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.90	−0.246%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.44	−0.009%	$198K	$521K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.43	−0.013%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0026%	1h	227.20	−0.116%	$118K	$56K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDTlong	+0.0031%	8h	227.46	long leg	$15.5M	$17.6M	100x
Extended NVDA_24_5-USD	+0.0032%	1h	227.26	−0.086%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0037%	8h	227.47	+0.004%	$156.3M	$219.4M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.47	+0.004%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.27	−0.084%	$147.9M	$48.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.30	−0.070%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.25	−0.092%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.16	−0.132%	$1.6M	$2.1M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	227.23	−0.101%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0059%	1h	227.26	−0.087%	$483K	$229K	20x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.37	−0.040%	$1.6M	$11.5M	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.40	−0.025%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.198%	$1.3M	$845K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.24	−0.097%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.42	−0.018%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.070%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.34	−0.053%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.28	−0.079%	$93K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.22	−0.106%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0143%	8h	227.37	−0.040%	$715K	$205K	20x	as long as short
Lighter RH NVDA	+0.0200%	1h	227.57	+0.048%	$5.1M	$7.2M	20x	as long as short
Lighter NVDAshort	+0.0208%	1h	227.44	−0.009%	$2.2M	$3.3M	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.65	+0.084%	$73K	$139	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0234%	1h	227.38	−0.035%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0475%	4h	227.34	−0.055%	$170K	$1.9M	20x	as long as short