Funding you earn now, next payment 05:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.039%
Price spread now: Phemex against Coinbase International+0.146%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$830.834% of the position
Funding, last 7 days−0.206%−$21 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.146%, 7d avg +0.087%
=The price spread pays, funding is against you. Phemex is 0.058% dearer against Coinbase International than usual: you sell high and buy low (spread +0.146% now, against its 7-day average of +0.087%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International NVDA-PERP-INTX | 226.63 | 0.0128 | pay 0.0016% / 1h | 46m 57s | $1.3M | $781K | 10x |
| Short | Phemex NVDAUSDT | 226.96 | 0 | get 0.0000% / 4h | 2h 46m | $2.2M | $43K | 10x |
Coinbase International NVDA-PERP-INTX
Phemex NVDAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$26.88
- Price spread: +0.146% → +0.087%
- $5.83
- Slippage, 4 orders
- −$61.36
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$104.42
- Costs to cover
- 0.834%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Phemex: live order book, 1 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, 2 min ago | 2.64 bp | 7.6 bp −$8 | 9.8 bp −$98 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 0.66 bp | 33.6 bp −$34 | doesn't fit | doesn't fit | 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 | 226.87 | +0.104% | $483K | $571K | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 226.86 | +0.101% | $12.5M | $14.9M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.90 | +0.119% | $14.3M | $20.3M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.85 | +0.097% | $7.3M | $9.7M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.90 | +0.119% | $15.3M | $16.3M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 226.94 | +0.136% | $21K | $409K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.61 | −0.009% | $2K | $3.7M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | 0.0000% | 1h | 226.83 | +0.088% | $52K | $1.7M | 10x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.01 | +0.168% | $198K | $462K | 30x | as long as short |
| Phemex NVDAUSDTshort | 0.0000% | 4h | 226.96 | +0.146% | $2.2M | $43K | 10x |
Aster NVDAUSDT
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
Deribit NVDA_USDC-PERPETUAL
HTX NVDA-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps NVDAUSD | +0.0007% | 1h | 226.72 | +0.040% | $118K | $52K | 10x | as long as short |
| Variational Omni NVDA | +0.0009% | 8h | 226.94 | +0.135% | $3.6M | $2.1M | — | as long as short |
| Lighter NVDA | +0.0032% | 1h | 226.86 | +0.101% | $2.1M | $3.3M | 20x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 226.85 | +0.097% | $398K | $728K | 20x | as long as short |
| QFEX NVDA-USD | +0.0042% | 1h | 226.91 | +0.124% | $1.3M | $9.1M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.03 | +0.176% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.75 | +0.053% | $147.3M | $43.4M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 226.86 | +0.101% | $399K | $277K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.77 | +0.062% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.73 | +0.044% | $1.6M | $2.0M | 15x | as long as short |
| Nado NVDA-PERP | +0.0053% | 1h | 226.83 | +0.087% | $482K | $226K | 20x | as long as short |
| Hotstuff NVDA-PERP | +0.0072% | 1h | 226.78 | +0.066% | $35K | — | 20x | as long as short |
| Binance NVDAUSDT | +0.0080% | 8h | 226.91 | +0.125% | $155.2M | $217.2M | 50x | as long as short |
| Lighter RH NVDA | +0.0096% | 1h | 227.03 | +0.176% | $5.1M | $7.1M | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.80 | +0.074% | $298K | $50K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.92 | +0.128% | $1.6M | $734K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.81 | +0.079% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.84 | +0.093% | $36K | $21K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 226.90 | +0.121% | — | — | 10x | as long as short |
| Phoenix NVDA | +0.0106% | 1h | 226.86 | +0.101% | $93K | $112K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTXlong | +0.0128% | 1h | 226.63 | long leg | $1.3M | $781K | 10x | |
| BloFin NVDA-USDT | +0.0200% | 8h | 226.92 | +0.128% | $718K | $191K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.12 | +0.216% | $73K | $136 | 30x | as long as short |
| Extended NVDA_24_5-USD | +0.0256% | 1h | 226.73 | +0.044% | $668K | $767K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0807% | 4h | 226.90 | +0.120% | $170K | $1.9M | 20x | as long as short |
Aftermath Perps NVDAUSD
Variational Omni NVDA
Lighter NVDA
Arcus NVDA-USD
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
Hotstuff NVDA-PERP
Binance NVDAUSDT
Lighter RH NVDA
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Phoenix NVDA
BloFin NVDA-USDT
Injective NVDA/USDC PERP
Extended NVDA_24_5-USD
edgeX NVDAUSDC