Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0448%/8h= +49.0% APRpaid last 24h +0.070%

Price spread now: edgeX against Lighter+0.013%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs+$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.653%+$65 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.013%, 7d avg −0.010%

Together, before fees+0.641%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$64 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and edgeX is 0.023% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	226.29	0.0096	pay 0.0012% / 1h	41m 24s	$2.1M	$3.3M	20x
Short	edgeX NVDAUSDC	226.32	0.0544	get 0.0272% / 4h	1h 41m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $94.06
Price spread: +0.013% → −0.010%: $2.33
Slippage, 4 orders: −$8.65
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $78.73
Costs to cover: 0.177%
Break-even: 1.1 days

Slippage from Lighter: live order book, 6 min ago; edgeX: 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, 6 min ago	0.55 bp	0.8 bp −$1	2.1 bp −$21	11.9 bp −$1,192	doesn't fit
Sell edgeX live order book, 3 min ago	3.31 bp	8.1 bp −$8	13.4 bp −$134	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	226.34	+0.020%	$12.4M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.32	+0.011%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.27	−0.011%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.35	+0.025%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.41	+0.051%	$21K	$423K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.97	−0.143%	$3K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.38	+0.038%	$198K	$453K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.65	+0.157%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	226.35	+0.024%	$482K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.32	+0.012%	$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	+0.0018%	8h	226.33	+0.014%	$3.6M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.30	+0.003%	$398K	$735K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.40	+0.047%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.19	−0.046%	$146.9M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.27	−0.011%	$398K	$279K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.23	−0.028%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.16	−0.059%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.33	+0.016%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0089%	8h	226.32	+0.009%	$154.3M	$219.2M	50x	as long as short
Lighter NVDAlong	+0.0096%	1h	226.29	long leg	$2.1M	$3.3M	20x
Pacifica NVDA	+0.0100%	1h	226.20	−0.042%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.36	+0.029%	$1.6M	$749K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.18	−0.050%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.30	+0.003%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.32	+0.013%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.20	−0.042%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.002%	$1.3M	$789K	10x	as long as short
Hotstuff NVDA-PERP	+0.0128%	1h	226.18	−0.050%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0151%	1h	226.18	−0.050%	$480K	$226K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	226.42	+0.056%	$5.0M	$6.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0192%	1h	226.27	−0.011%	$52K	$1.8M	10x	as long as short
BloFin NVDA-USDT	+0.0208%	8h	226.44	+0.065%	$716K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.01	+0.316%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USD	+0.0464%	1h	226.13	−0.072%	$667K	$762K	10x	as long as short
edgeX NVDAUSDCshort	+0.0544%	4h	226.32	+0.013%	$170K	$1.9M	20x