NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.006%

Price spread now: Coinbase International against Lighter−0.111%7-day average −0.064% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$160.163% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.111%, 7d avg −0.064%

Together, before fees−0.095%+ Points / potential airdropLighter: Season 3 · farm board−$9 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 0.047% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	226.34	0.0168	pay 0.0021% / 1h	5m 12s	$2.1M	$3.3M	20x
Short	Coinbase International NVDA-PERP-INTX	226.09	0.0120	get 0.0015% / 1h	5m 12s	$1.3M	$695K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$10.08
Price spread: −0.111% → −0.064%: −$4.7
Slippage, 4 orders: −$6.28
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$31.05
Costs to cover: 0.163%
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; Coinbase International: live order book, 3 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, 2 min ago	0.02 bp	0.6 bp −$1	1.4 bp −$14	7.0 bp −$699	doesn't fit
Sell Coinbase International live order book, 3 min ago	2.43 bp	8.1 bp −$8	10.1 bp −$101	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	226.39	+0.022%	$12.5M	$14.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.41	+0.030%	$14.1M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.38	+0.017%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.48	+0.061%	$15.9M	$16.6M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.98	−0.159%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.053%	$198K	$439K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.58	+0.106%	$2.2M	$42K	10x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	226.28	−0.027%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	226.08	−0.114%	$117K	$51K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.27	−0.031%	$392K	$738K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NVDA-USD-PERP	+0.0046%	1h	226.40	+0.026%	—	$74K	25x	as long as short
GRVT NVDA_USDT_Perp	+0.0047%	8h	226.30	−0.019%	$21K	$421K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.25	−0.040%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.16	−0.080%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0063%	8h	226.37	+0.013%	$482K	$530K	20x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.35	+0.004%	$1.3M	$9.1M	10x	as long as short
Polymarket Perps NVDA-USD	+0.0078%	1h	226.30	−0.018%	$391K	$247K	10x	as long as short
Variational Omni NVDA	+0.0089%	8h	226.34	+0.002%	$3.5M	$2.3M	—	as long as short
tradeXYZ xyz:NVDA	+0.0092%	1h	226.26	−0.036%	$146.9M	$43.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.23	−0.050%	$297K	$48K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.02	−0.142%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.37	+0.013%	$36K	$21K	20x	as long as short
KuCoin NVDAUSDTM	+0.0104%	8h	226.36	+0.008%	$1.6M	$834K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.41	+0.029%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTXshort	+0.0120%	1h	226.09	−0.111%	$1.3M	$695K	10x
Binance NVDAUSDT	+0.0149%	8h	226.41	+0.029%	$155.4M	$219.4M	50x	as long as short
edgeX NVDAUSDC	+0.0150%	4h	226.30	−0.019%	$170K	$1.9M	20x	as long as short
Lighter NVDAlong	+0.0168%	1h	226.34	long leg	$2.1M	$3.3M	20x
Nado NVDA-PERP	+0.0173%	1h	226.25	−0.038%	$481K	$223K	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.26	−0.036%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.088%	$73K	$140	30x	as long as short
Lighter RH NVDA	+0.0232%	1h	226.48	+0.061%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0269%	8h	226.36	+0.008%	$712K	$195K	20x	as long as short
Extended NVDA_24_5-USD	+0.0368%	1h	226.14	−0.089%	$644K	$875K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0369%	1h	226.31	−0.014%	$53K	$1.9M	10x	as long as short