NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.02 per $10,000 · paid last 24h −0.006%

Price spread now: Coinbase International against Deribit−0.172%7-day average −0.034% · 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−$43as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.172%, 7d avg −0.034%

Together, before fees+0.064%+$6 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 Coinbase International is 0.138% cheaper against Deribit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NVDA_USDC-PERPETUAL	226.68	0.0147	pay 0.0018% / 1h	6m 00s	$53K	$1.8M	10x
Short	Coinbase International NVDA-PERP-INTX	226.29	0.0128	get 0.0016% / 1h	6m 00s	$1.3M	$789K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.172%Rate

Funding earned: −$4.03
Price spread: −0.172% → −0.034%: −$13.81
Slippage, 4 orders: −$11.82
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$46.66
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; Coinbase International: live order book, 2 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 Deribit live order book, 3 min ago	2.87 bp	6.8 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	1.99 bp	7.0 bp −$7	9.9 bp −$99	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	226.65	−0.014%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.76	+0.035%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.73	+0.022%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.72	+0.018%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.79	+0.049%	$15.3M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.80	+0.053%	$21K	$418K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.50	−0.079%	$3K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.78	+0.044%	$198K	$457K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.83	+0.066%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0009%	8h	226.81	+0.055%	$3.6M	$2.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0010%	1h	226.53	−0.068%	$117K	$52K	10x	as long as short
Hotstuff NVDA-PERP	+0.0032%	1h	226.57	−0.049%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.67	−0.004%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.74	+0.026%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.86	+0.079%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.63	−0.022%	$147.3M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.69	+0.004%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.63	−0.022%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	−0.053%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0072%	1h	226.75	+0.031%	$2.1M	$3.4M	20x	as long as short
Binance NVDAUSDT	+0.0082%	8h	226.78	+0.045%	$154.6M	$219.0M	50x	as long as short
Nado NVDA-PERP	+0.0084%	1h	226.64	−0.017%	$482K	$226K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.59	−0.038%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.68	0.000%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.65	−0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.74	+0.026%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.76	+0.036%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.73	+0.022%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	226.87	+0.084%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTXshort	+0.0128%	1h	226.29	−0.172%	$1.3M	$789K	10x
Deribit NVDA_USDC-PERPETUALlong	+0.0147%	1h	226.68	long leg	$53K	$1.8M	10x
BloFin NVDA-USDT	+0.0202%	8h	226.82	+0.062%	$711K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.95	+0.119%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0289%	4h	226.80	+0.053%	$171K	$1.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0368%	1h	226.58	−0.044%	$668K	$766K	10x	as long as short