After costs, if the gap returns to its 7d average, $10k−$22
spread now−0.048%7d average−0.023%fees + slippage, in and out−$19spread needed0.193%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NVDA | 223.89 | 0.0240 | pay 0.0030% / 1h | 30m 14s | $1.8M | $2.0M | 20x |
| Short | Phoenix NVDA | 223.78 | 0.0178 | get 0.0022% / 1h | 30m 14s | $108K | $36K | 20x |
Lighter NVDA
Phoenix NVDAPrice 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
- −$4.78
- Funding while held
- −$1.85
- Slippage, 4 orders
- −$12.27
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$25.9
- Spread needed to break even
- 0.193%
Slippage from Lighter: live order book, 3 min ago; Phoenix: live order book, 13 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0062%
- Per $10,000 a day
- −$1.85
- 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, 3 min ago | 0.18 bp | 0.4 bp $0 | 2.7 bp −$27 | 50.4 bp −$5,044 | doesn't fit |
| Sell Phoenix live order book, 13 min ago | 3.13 bp | 9.1 bp −$9 | 19.9 bp −$199 | doesn't fit | doesn't fit |
NVDA price on every exchange
against the cheapest. Click to use as the short leg.Aftermath Perps223.57cheapestOndo Perps223.61+0.017%SunX223.62+0.021%Arcus223.66+0.039%ApeX Omni223.66+0.039%edgeX223.66+0.041%Extended223.67+0.043%Pacifica223.70+0.057%Coinbase International223.70+0.057%tradeXYZ223.72+0.066%Hotstuff223.72+0.066%SoDEX223.72+0.066%Nado223.73+0.069%Deribit223.75+0.080%Polymarket Perps223.76+0.084%Orderly223.76+0.084%
Ondo Perps
SunX
Arcus
ApeX Omni
Extended
Pacifica
Coinbase International
tradeXYZ
Hotstuff
SoDEX
Nado
Deribit
Polymarket Perps
OrderlyPhoenix223.78+0.093%
QFEX223.80+0.102%Aevo223.81+0.108%HTX223.82+0.111%BloFin223.82+0.111%OKX223.83+0.115%Gate223.83+0.115%Bybit223.84+0.120%Binance223.85+0.124%KuCoin223.85+0.124%Vest223.85+0.124%Bitget223.87+0.133%Aster223.88+0.138%
QFEX
Aevo
HTX
BloFin
OKX
Gate
Bybit
Binance
KuCoin
Vest
Bitget
AsterLighter223.89+0.141%
Phemex223.89+0.142%Variational Omni223.89+0.143%Lighter RH223.98+0.183%Injective223.99+0.187%
Phemex
Variational Omni
Lighter RH
InjectiveNVDA on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aftermath Perps NVDAUSD | −0.141% | +0.0161% | 1h | $116K | $49K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | −0.124% | +0.0050% | 1h | $1.7M | $746K | 15x | as long as short |
| SunX NVDA-USDT | −0.119% | 0.0000% | 8h | $3K | $2.9M | 20x | as long as short |
| Arcus NVDA-USD | −0.101% | +0.0040% | 1h | $496K | $430K | 20x | as long as short |
| ApeX Omni NVDAUSDT | −0.101% | +0.0100% | 1h | $15K | $39K | 50x | as long as short |
| edgeX NVDAUSDC | −0.100% | −0.0713% | 4h | $172K | $975K | 20x | as long as short |
| Extended NVDA_24_5-USD | −0.097% | +0.0048% | 1h | $551K | $222K | 10x | as long as short |
| Pacifica NVDA | −0.084% | +0.0100% | 1h | $295K | $33K | 10x | as long as short |
| Coinbase International NVDA-PERP-INTX | −0.084% | +0.0168% | 1h | $1.3M | $628K | 10x | as long as short |
| tradeXYZ xyz:NVDA | −0.075% | +0.0050% | 1h | $150.8M | $34.1M | 20x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff NVDA-PERP | −0.075% | +0.0120% | 1h | $35K | — | 20x | as long as short |
| SoDEX NVDA-USD | −0.075% | +0.0050% | 1h | $58K | $14K | 10x | as long as short |
| Nado NVDA-PERP | −0.072% | +0.0119% | 1h | $488K | $55K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | −0.061% | 0.0000% | 1h | $64K | $1.0M | 10x | as long as short |
| Polymarket Perps NVDA-USD | −0.057% | +0.0050% | 1h | $345K | $149K | 10x | as long as short |
| Orderly PERP_NVDA_USDC | −0.057% | +0.0100% | 8h | $34K | $29K | 20x | as long as short |
| Phoenix NVDAshort | −0.048% | +0.0178% | 1h | $108K | $36K | 20x | |
| QFEX NVDA-USD | −0.039% | +0.0046% | 1h | $1.3M | $5.7M | 10x | as long as short |
| Aevo NVDA-PERP | −0.033% | +0.0128% | 1h | — | — | 10x | as long as short |
| HTX NVDA-USDT | −0.030% | 0.0000% | 8h | $199K | $280K | 30x | as long as short |
| BloFin NVDA-USDT | −0.030% | +0.0323% | 8h | $756K | $123K | 20x | as long as short |
| OKX NVDA-USDT-SWAP | −0.025% | +0.0110% | 8h | $15.0M | $14.0M | 50x | as long as short |
| Gate NVDA_USDT | −0.025% | 0.0000% | 8h | $7.1M | $5.3M | 100x | as long as short |
| Bybit NVDAUSDT | −0.021% | +0.0003% | 8h | $12.8M | $9.8M | 100x | as long as short |
| Binance NVDAUSDT | −0.017% | +0.0201% | 8h | $161.0M | $104.9M | 50x | as long as short |
| KuCoin NVDAUSDTM | −0.017% | +0.0255% | 8h | $1.5M | $429K | 20x | as long as short |
| Vest NVDA-USD-PERP | −0.017% | +0.0046% | 1h | — | $67K | 25x | as long as short |
| Bitget NVDAUSDT | −0.008% | +0.0278% | 8h | $16.9M | $14.6M | 100x | as long as short |
| Aster NVDAUSDT | −0.003% | +0.0168% | 8h | $545K | $257K | 20x | as long as short |
| Lighter NVDAlong | 0.000% | +0.0240% | 1h | $1.8M | $2.0M | 20x | |
| Phemex NVDAUSDT | +0.001% | 0.0000% | 4h | $2.2M | $38K | 10x | as long as short |
| Variational Omni NVDA | +0.002% | +0.0169% | 8h | $3.2M | $1.8M | — | as long as short |
| Lighter RH NVDA | +0.042% | +0.0168% | 1h | $4.5M | $5.0M | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.046% | +0.0220% | 1h | $72K | $87K | 30x | as long as short |