NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0318%/8h= −34.8% APRnext payment −$0.40 per $10,000 · paid last 24h +0.007%

Price spread now: tradeXYZ against Extended0.000%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

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

Long on Extended Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now 0.000%, 7d avg −0.006%

Together, before fees+0.091%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	227.37	0.0368	pay 0.0046% / 1h	23m 49s	$689K	$724K	10x
Short	tradeXYZ xyz:NVDA	227.37	0.0050	get 0.0006% / 1h	23m 49s	$147.8M	$44.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Extended. 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 ExtendedbpFee tradeXYZbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$66.78
Price spread: 0.000% → −0.006%: $0.62
Slippage, 4 orders: −$5.83
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$94.99
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from Extended: live order book, 39 min ago; tradeXYZ: live order book, 5 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 Extended live order book, 39 min ago	0.44 bp	6.1 bp −$6	53.8 bp −$538	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.22 bp	9.2 bp −$9	10.7 bp −$107	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	227.52	+0.066%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.50	+0.057%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.46	+0.040%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.55	+0.079%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.99	−0.167%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.172%	$198K	$477K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.61	+0.106%	$2.2M	$43K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0006%	8h	227.62	+0.109%	$20K	$384K	10x	as long as short
Aster NVDAUSDT	+0.0014%	8h	227.58	+0.092%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.52	+0.064%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0040%	8h	227.53	+0.070%	$3.5M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.53	+0.070%	$406K	$745K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.54	+0.075%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.63	+0.114%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	227.37	0.000%	$147.8M	$44.1M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.52	+0.066%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.37	0.000%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.031%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	+0.070%	$1.3M	$777K	10x	as long as short
Hotstuff NVDA-PERP	+0.0096%	1h	227.37	0.000%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0099%	8h	227.55	+0.078%	$156.1M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.39	+0.011%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.39	+0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	+0.057%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.45	+0.035%	$49K	$1.6M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.51	+0.063%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.50	+0.057%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0126%	1h	227.41	+0.017%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0136%	8h	227.59	+0.097%	$1.6M	$724K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.53	+0.068%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.65	+0.123%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0219%	8h	227.56	+0.084%	$723K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.374%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USDlong	+0.0368%	1h	227.37	long leg	$689K	$724K	10x
edgeX NVDAUSDC	+0.0872%	4h	227.56	+0.083%	$170K	$1.9M	20x	as long as short