NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0288%/8h= +31.5% APRnext payment +$0.36 per $10,000 · paid last 24h −0.030%

Price spread now: Extended against Lighter−0.060%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$110.110% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$18 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.060%, 7d avg −0.052%

Together, before fees−0.196%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.185%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.185% in total (about -9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.36 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	Lighter NVDA	227.59	0.0080	pay 0.0010% / 1h	13m 26s	$2.2M	$3.3M	20x
Short	Extended NVDA_24_5-USD	227.45	0.0368	get 0.0046% / 1h	13m 26s	$676K	$746K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.060%Rate

Funding earned: $60.48
Price spread: −0.060% → −0.052%: −$0.83
Slippage, 4 orders: −$5.97
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $48.67
Costs to cover: 0.110%
Break-even: 1.4 days

Slippage from Lighter: live order book, 4 min ago; Extended: live order book, 45 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, 4 min ago	0.48 bp	0.5 bp −$1	2.5 bp −$25	12.5 bp −$1,249	doesn't fit
Sell Extended live order book, 45 min ago	0.22 bp	4.1 bp −$4	27.7 bp −$277	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	227.58	−0.003%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.57	−0.007%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.53	−0.025%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.65	+0.028%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.26	−0.144%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.023%	$198K	$469K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.65	+0.028%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.55	−0.016%	$118K	$54K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0021%	8h	227.63	+0.019%	$20K	$390K	10x	as long as short
Aster NVDAUSDT	+0.0031%	8h	227.61	+0.010%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.55	−0.016%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.71	+0.054%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.46	−0.056%	$147.8M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	−0.012%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.45	−0.060%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.095%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.54	−0.021%	$1.3M	$9.2M	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.52	−0.029%	$49K	$1.6M	10x	as long as short
Variational Omni NVDA	+0.0062%	8h	227.60	+0.004%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0070%	1h	227.49	−0.041%	$484K	$228K	20x	as long as short
Lighter NVDAlong	+0.0080%	1h	227.59	long leg	$2.2M	$3.3M	20x
Hotstuff NVDA-PERP	+0.0096%	1h	227.45	−0.060%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.48	−0.049%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.47	−0.051%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.56	−0.012%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.025%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.57	−0.009%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0116%	8h	227.61	+0.010%	$156.2M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.63	+0.019%	$1.6M	$723K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.52	−0.029%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.75	+0.072%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.142%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0237%	8h	227.63	+0.019%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USDshort	+0.0368%	1h	227.45	−0.060%	$676K	$746K	10x
edgeX NVDAUSDC	+0.0852%	4h	227.56	−0.011%	$170K	$1.9M	20x	as long as short