NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.007%

Price spread now: Lighter against Coinbase International+0.025%7-day average +0.063% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now +0.025%, 7d avg +0.063%

Together, before fees+0.222%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.038% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.063%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.091%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	227.53	0.0104	pay 0.0013% / 1h	13m 51s	$1.3M	$775K	10x
Short	Lighter NVDA	227.59	0.0080	get 0.0010% / 1h	13m 51s	$2.2M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$5.04
Price spread: +0.025% → +0.063%: −$3.84
Slippage, 4 orders: −$6.18
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$25.06
Costs to cover: 0.162%
Break-even: never at this rate

Slippage from Coinbase International: 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 Coinbase International live order book, 5 min ago	1.98 bp	8.0 bp −$8	9.9 bp −$99	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.48 bp	0.7 bp −$1	1.3 bp −$13	10.5 bp −$1,055	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	227.56	+0.013%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.59	+0.026%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.52	−0.004%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.65	+0.053%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.26	−0.119%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.048%	$198K	$469K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.65	+0.053%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.57	+0.018%	$118K	$54K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0025%	8h	227.66	+0.057%	$20K	$390K	10x	as long as short
Aster NVDAUSDT	+0.0032%	8h	227.61	+0.037%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.56	+0.013%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.70	+0.075%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.47	−0.026%	$147.8M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	+0.013%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.45	−0.035%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.070%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.53	0.000%	$1.3M	$9.2M	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.52	−0.004%	$49K	$1.6M	10x	as long as short
Variational Omni NVDA	+0.0062%	8h	227.60	+0.029%	$3.5M	$2.1M	—	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	227.45	−0.035%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0071%	1h	227.48	−0.023%	$484K	$228K	20x	as long as short
Lighter NVDAshort	+0.0080%	1h	227.59	+0.025%	$2.2M	$3.3M	20x
Pacifica NVDA	+0.0100%	1h	227.46	−0.031%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.018%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.55	+0.009%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0104%	1h	227.53	long leg	$1.3M	$775K	10x
Aevo NVDA-PERP	+0.0112%	1h	227.57	+0.016%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0117%	8h	227.61	+0.035%	$156.2M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0131%	8h	227.64	+0.048%	$1.6M	$724K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.50	−0.013%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.73	+0.088%	$5.1M	$7.1M	20x	as long as short
edgeX NVDAUSDC	+0.0161%	4h	227.63	+0.043%	$171K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.167%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0237%	8h	227.63	+0.044%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0368%	1h	227.46	−0.031%	$676K	$746K	10x	as long as short