Funding you earn now, next payment 05:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.030%
Price spread now: tradeXYZ against Deribit−0.026%7-day average −0.028% · 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−$35as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 5 days (all we have)−0.081%−$8 on $10k
+Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.026%, 7d avg −0.028%
=Together, before fees−0.015%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NVDA_USDC-PERPETUAL | 227.11 | 0.0102 | pay 0.0013% / 1h | 38m 19s | $49K | $1.7M | 10x |
| Short | tradeXYZ xyz:NVDA | 227.05 | 0.0050 | get 0.0006% / 1h | 38m 19s | $147.6M | $43.4M | 20x |
Deribit NVDA_USDC-PERPETUAL
tradeXYZ xyz:NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Deribit. 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
- −$11
- Price spread: −0.026% → −0.028%
- $0.18
- Slippage, 4 orders
- −$10.04
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$45.86
- Costs to cover
- 0.350%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 1 min ago; tradeXYZ: live order book, 11 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, 1 min ago | 3.96 bp | 7.9 bp −$8 | 8.2 bp −$82 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.44 bp | 9.4 bp −$9 | 10.4 bp −$104 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NVDAUSDT | 0.0000% | 8h | 227.15 | +0.018% | $12.6M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.18 | +0.031% | $14.3M | $20.4M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.13 | +0.009% | $7.2M | $9.7M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.23 | +0.053% | $15.4M | $16.3M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.30 | +0.085% | $20K | $393K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.77 | −0.150% | $2K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.28 | +0.075% | $197K | $464K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.38 | +0.119% | $2.2M | $43K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0012% | 1h | 227.15 | +0.016% | $118K | $53K | 10x | as long as short |
| Aster NVDAUSDT | +0.0017% | 8h | 227.19 | +0.035% | $482K | $590K | 20x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aftermath Perps NVDAUSD
Aster NVDAUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NVDA-USD | +0.0040% | 1h | 227.19 | +0.035% | $399K | $741K | 20x | as long as short |
| QFEX NVDA-USD | +0.0041% | 1h | 227.19 | +0.035% | $1.3M | $9.1M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.29 | +0.079% | — | $74K | 25x | as long as short |
| Variational Omni NVDA | +0.0047% | 8h | 227.28 | +0.073% | $3.6M | $2.2M | — | as long as short |
| tradeXYZ xyz:NVDAshort | +0.0050% | 1h | 227.05 | −0.026% | $147.6M | $43.4M | 20x | |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.16 | +0.022% | $401K | $276K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.03 | −0.035% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.00 | −0.048% | $1.6M | $2.0M | 15x | as long as short |
| Lighter NVDA | +0.0064% | 1h | 227.15 | +0.015% | $2.1M | $3.3M | 20x | as long as short |
| Hotstuff NVDA-PERP | +0.0064% | 1h | 227.04 | −0.031% | $35K | — | 20x | as long as short |
| Nado NVDA-PERP | +0.0067% | 1h | 227.08 | −0.014% | $483K | $227K | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.09 | −0.009% | $298K | $51K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.25 | +0.062% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.14 | +0.013% | $36K | $21K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUALlong | +0.0102% | 1h | 227.11 | long leg | $49K | $1.7M | 10x | |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.18 | +0.029% | — | — | 10x | as long as short |
| Binance NVDAUSDT | +0.0104% | 8h | 227.19 | +0.034% | $155.8M | $216.0M | 50x | as long as short |
| KuCoin NVDAUSDTM | +0.0106% | 8h | 227.22 | +0.048% | $1.6M | $728K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 227.11 | 0.000% | $1.3M | $782K | 10x | as long as short |
| Phoenix NVDA | +0.0141% | 1h | 227.14 | +0.013% | $93K | $112K | 20x | as long as short |
| Lighter RH NVDA | +0.0152% | 1h | 227.31 | +0.088% | $5.1M | $7.1M | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.61 | +0.220% | $73K | $137 | 30x | as long as short |
| Extended NVDA_24_5-USD | +0.0224% | 1h | 227.03 | −0.035% | $673K | $779K | 10x | as long as short |
| BloFin NVDA-USDT | +0.0224% | 8h | 227.23 | +0.053% | $719K | $201K | 20x | as long as short |
| edgeX NVDAUSDC | +0.0358% | 4h | 227.30 | +0.085% | $170K | $1.9M | 20x | as long as short |
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
Variational Omni NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Lighter NVDA
Hotstuff NVDA-PERP
Nado NVDA-PERP
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Binance NVDAUSDT
KuCoin NVDAUSDTM
Coinbase International NVDA-PERP-INTX
Phoenix NVDA
Lighter RH NVDA
Injective NVDA/USDC PERP
Extended NVDA_24_5-USD
BloFin NVDA-USDT
edgeX NVDAUSDC