After costs, if the gap returns to its 7d average, $10k−$75
spread now−0.032%7d average+0.026%fees + slippage, in and out−$69spread needed0.694%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NVDA | 224.96 | 0.0152 | pay 0.0019% / 1h | 33m 16s | $1.8M | $2.1M | 20x |
| Short | Phemex NVDAUSDT | 224.89 | 0 | get 0.0000% / 4h | 33m 16s | $2.2M | $38K | 10x |
Lighter NVDA
Phemex NVDAUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$3.2
- Funding while held
- −$4.56
- Slippage, 4 orders
- −$57.45
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$77.21
- Spread needed to break even
- 0.694%
Slippage from Lighter: live order book, 10 min ago; Phemex: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0152%
- Per $10,000 a day
- −$4.56
- Average in range /8h
- —
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, 10 min ago | 0.27 bp | 0.3 bp $0 | 1.5 bp −$15 | 18.3 bp −$1,830 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.89 bp | 35.5 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
NVDA price on every exchange
against the cheapest. Click to use as the short leg.SunX224.53cheapestPacifica224.73+0.087%Nado224.75+0.096%Extended224.77+0.109%Arcus224.80+0.120%Polymarket Perps224.80+0.120%QFEX224.83+0.134%Gate224.83+0.134%Ondo Perps224.84+0.138%tradeXYZ224.85+0.143%SoDEX224.85+0.143%Deribit224.85+0.143%Orderly224.87+0.151%Aster224.87+0.153%Bybit224.88+0.156%HTX224.88+0.156%OKX224.89+0.160%ApeX Omni224.89+0.160%
SunX
Pacifica
Nado
Extended
Arcus
Polymarket Perps
QFEX
Gate
Ondo Perps
tradeXYZ
SoDEX
Deribit
Orderly
Aster
Bybit
HTX
OKX
ApeX OmniPhemex224.89+0.160%
BloFin224.89+0.160%Binance224.90+0.164%Aevo224.90+0.164%KuCoin224.90+0.165%Phoenix224.92+0.174%Bitget224.93+0.178%Vest224.93+0.178%edgeX224.95+0.187%Coinbase International224.95+0.187%
BloFin
Binance
Aevo
KuCoin
Phoenix
Bitget
Vest
Coinbase InternationalLighter224.96+0.192%
Hotstuff224.99+0.205%Aftermath Perps225.00+0.211%Lighter RH225.05+0.232%Variational Omni225.09+0.251%Injective225.68+0.512%
Hotstuff
Lighter RH
Variational Omni
InjectiveNVDA on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX NVDA-USDT | −0.192% | 0.0000% | 8h | $2K | $3.4M | 20x | as long as short |
| Pacifica NVDA | −0.105% | +0.0100% | 1h | $296K | $43K | 10x | as long as short |
| Nado NVDA-PERP | −0.096% | +0.0114% | 1h | $486K | $60K | 20x | as long as short |
| Extended NVDA_24_5-USD | −0.084% | +0.0032% | 1h | $559K | $228K | 10x | as long as short |
| Arcus NVDA-USD | −0.072% | +0.0040% | 1h | $389K | $557K | 20x | as long as short |
| Polymarket Perps NVDA-USD | −0.072% | +0.0050% | 1h | $351K | $156K | 10x | as long as short |
| QFEX NVDA-USD | −0.059% | +0.0032% | 1h | $1.3M | $6.8M | 10x | as long as short |
| Gate NVDA_USDT | −0.059% | 0.0000% | 8h | $7.2M | $5.8M | 100x | as long as short |
| Ondo Perps NVDA-USD.P | −0.054% | +0.0050% | 1h | $1.7M | $1.3M | 15x | as long as short |
| tradeXYZ xyz:NVDA | −0.050% | +0.0050% | 1h | $150.2M | $36.0M | 20x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX NVDA-USD | −0.050% | +0.0050% | 1h | $60K | $15K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | −0.050% | 0.0000% | 1h | $53K | $1.1M | 10x | as long as short |
| Orderly PERP_NVDA_USDC | −0.041% | +0.0100% | 8h | $34K | $21K | 20x | as long as short |
| Aster NVDAUSDT | −0.039% | +0.0135% | 8h | $540K | $264K | 20x | as long as short |
| Bybit NVDAUSDT | −0.036% | 0.0000% | 8h | $12.9M | $10.9M | 100x | as long as short |
| HTX NVDA-USDT | −0.036% | 0.0000% | 8h | $200K | $361K | 30x | as long as short |
| OKX NVDA-USDT-SWAP | −0.032% | +0.0047% | 8h | $14.9M | $15.5M | 50x | as long as short |
| ApeX Omni NVDAUSDT | −0.032% | +0.0100% | 1h | $16K | $42K | 50x | as long as short |
| Phemex NVDAUSDTshort | −0.032% | 0.0000% | 4h | $2.2M | $38K | 10x | |
| BloFin NVDA-USDT | −0.032% | +0.0269% | 8h | $773K | $145K | 20x | as long as short |
| Binance NVDAUSDT | −0.028% | +0.0149% | 8h | $161.3M | $124.9M | 50x | as long as short |
| Aevo NVDA-PERP | −0.028% | +0.0120% | 1h | — | — | 10x | as long as short |
| KuCoin NVDAUSDTM | −0.028% | +0.0190% | 8h | $1.6M | $486K | 20x | as long as short |
| Phoenix NVDA | −0.019% | +0.0178% | 1h | $108K | $36K | 20x | as long as short |
| Bitget NVDAUSDT | −0.014% | +0.0260% | 8h | $16.6M | $15.0M | 100x | as long as short |
| Vest NVDA-USD-PERP | −0.014% | +0.0046% | 1h | — | $68K | 25x | as long as short |
| edgeX NVDAUSDC | −0.005% | −0.0313% | 4h | $177K | $1.1M | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | −0.005% | +0.0128% | 1h | $1.3M | $657K | 10x | as long as short |
| Lighter NVDAlong | 0.000% | +0.0152% | 1h | $1.8M | $2.1M | 20x | |
| Hotstuff NVDA-PERP | +0.012% | +0.0160% | 1h | $35K | — | 20x | as long as short |
| Aftermath Perps NVDAUSD | +0.018% | +0.0162% | 1h | $116K | $51K | 10x | as long as short |
| Lighter RH NVDA | +0.039% | +0.0056% | 1h | $4.4M | $5.1M | 20x | as long as short |
| Variational Omni NVDA | +0.059% | +0.0105% | 8h | $3.1M | $2.0M | — | as long as short |
| Injective NVDA/USDC PERP | +0.319% | +0.0220% | 1h | $72K | $53K | 30x | as long as short |