Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.012%

Price spread now: Binance against Lighter+0.014%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$120.115% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.014%, 7d avg +0.031%

Together, before fees−0.105%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	226.60	0.0088	pay 0.0011% / 1h	19m 13s	$2.1M	$3.3M	20x
Short	Binance NVDAUSDT	226.63	0.0085	get 0.0085% / 8h	1h 19m	$154.5M	$218.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.014%Rate

Funding earned: −$0.6
Price spread: +0.014% → +0.031%: −$1.73
Slippage, 4 orders: −$1.51
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.85
Costs to cover: 0.115%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; Binance: live order book, 9 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 Lighter live order book, 8 min ago	0.46 bp	0.6 bp −$1	1.8 bp −$18	7.5 bp −$749	doesn't fit
Sell Binance live order book, 9 min ago	0.22 bp	5.2 bp −$5	6.0 bp −$60	21.2 bp −$2,115	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	226.51	−0.041%	$482K	$530K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.54	−0.026%	$12.4M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.60	0.000%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.58	−0.009%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.60	0.000%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.54	−0.025%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.26	−0.150%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.60	0.000%	$198K	$451K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.69	+0.040%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	226.35	−0.111%	$117K	$51K	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	+0.0017%	8h	226.62	+0.007%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.52	−0.035%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.72	+0.053%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.50	−0.044%	$147.1M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.56	−0.018%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.51	−0.040%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.41	−0.084%	$1.6M	$1.9M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	226.50	−0.044%	$35K	—	20x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.57	−0.013%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDTshort	+0.0085%	8h	226.63	+0.014%	$154.5M	$218.2M	50x
Lighter NVDAlong	+0.0088%	1h	226.60	long leg	$2.1M	$3.3M	20x
Pacifica NVDA	+0.0100%	1h	226.46	−0.063%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.55	−0.022%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.46	−0.062%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.58	−0.009%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.53	−0.031%	$52K	$1.8M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.61	+0.002%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.54	−0.026%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.137%	$1.3M	$724K	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.74	+0.062%	$5.1M	$7.0M	20x	as long as short
Nado NVDA-PERP	+0.0120%	1h	226.50	−0.043%	$481K	$224K	20x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	226.60	0.000%	$712K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.124%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USD	+0.0384%	1h	226.46	−0.060%	$623K	$833K	10x	as long as short
edgeX NVDAUSDC	+0.0909%	4h	226.50	−0.044%	$170K	$1.9M	20x	as long as short