Funding you earn now, next payment 07:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%
Price spread now: Phemex against Injective−0.044%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.401%−$40 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.044% cheaper against Injective than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective NVDA/USDC PERP | 226.74 | 0.0220 | pay 0.0028% / 1h | 44m 24s | $73K | $136 | 30x |
| Short | Phemex NVDAUSDT | 226.64 | 0 | get 0.0000% / 4h | 1h 44m | $2.2M | $42K | 10x |
Injective NVDA/USDC PERP
Phemex NVDAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Injective. 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
- −$46.2
- Price spread: −0.044% → 0.000%
- −$4.41
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$62.63
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 2.20 bp | 42.8 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 226.34 | −0.176% | $12.4M | $15.1M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.35 | −0.172% | $14.2M | $20.5M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.30 | −0.194% | $7.2M | $9.8M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.36 | −0.168% | $15.2M | $16.3M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 226.42 | −0.141% | $21K | $423K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.04 | −0.309% | $3K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 226.58 | −0.071% | $198K | $454K | 30x | as long as short |
| Phemex NVDAUSDTshort | 0.0000% | 4h | 226.64 | −0.044% | $2.2M | $42K | 10x | |
| Aster NVDAUSDT | +0.0002% | 8h | 226.37 | −0.163% | $482K | $571K | 20x | as long as short |
| Aftermath Perps NVDAUSD | +0.0015% | 1h | 226.28 | −0.201% | $117K | $52K | 10x | 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
Aster NVDAUSDT
Aftermath Perps NVDAUSDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NVDA | +0.0018% | 8h | 226.33 | −0.183% | $3.6M | $2.1M | — | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 226.33 | −0.181% | $398K | $735K | 20x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.41 | −0.146% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.20 | −0.238% | $147.0M | $43.6M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 226.30 | −0.194% | $398K | $279K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.21 | −0.234% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.13 | −0.269% | $1.6M | $2.0M | 15x | as long as short |
| QFEX NVDA-USD | +0.0056% | 1h | 226.34 | −0.176% | $1.3M | $9.1M | 10x | as long as short |
| Binance NVDAUSDT | +0.0088% | 8h | 226.37 | −0.164% | $154.3M | $219.2M | 50x | as long as short |
| Lighter NVDA | +0.0096% | 1h | 226.31 | −0.190% | $2.1M | $3.3M | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.21 | −0.236% | $297K | $48K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.37 | −0.163% | $1.6M | $748K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.21 | −0.234% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.31 | −0.190% | $36K | $21K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 226.35 | −0.172% | — | — | 10x | as long as short |
| Phoenix NVDA | +0.0106% | 1h | 226.34 | −0.176% | $93K | $112K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0112% | 1h | 226.29 | −0.198% | $1.3M | $789K | 10x | as long as short |
| Hotstuff NVDA-PERP | +0.0136% | 1h | 226.20 | −0.238% | $35K | — | 20x | as long as short |
| Nado NVDA-PERP | +0.0151% | 1h | 226.17 | −0.249% | $480K | $226K | 20x | as long as short |
| Lighter RH NVDA | +0.0168% | 1h | 226.44 | −0.132% | $5.0M | $6.9M | 20x | as long as short |
| BloFin NVDA-USDT | +0.0208% | 8h | 226.44 | −0.132% | $716K | $194K | 20x | as long as short |
| Injective NVDA/USDC PERPlong | +0.0220% | 1h | 226.74 | long leg | $73K | $136 | 30x | |
| Deribit NVDA_USDC-PERPETUAL | +0.0369% | 1h | 226.30 | −0.194% | $52K | $1.8M | 10x | as long as short |
| Extended NVDA_24_5-USD | +0.0456% | 1h | 226.16 | −0.254% | $667K | $762K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0576% | 4h | 226.36 | −0.167% | $170K | $1.9M | 20x | as long as short |
Variational Omni NVDA
Arcus NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
QFEX NVDA-USD
Binance NVDAUSDT
Lighter NVDA
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Phoenix NVDA
Coinbase International NVDA-PERP-INTX
Hotstuff NVDA-PERP
Nado NVDA-PERP
Lighter RH NVDA
BloFin NVDA-USDT
Deribit NVDA_USDC-PERPETUAL
Extended NVDA_24_5-USD
edgeX NVDAUSDC