NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0118%/8h= −12.9% APRnext payment −$0.15 per $10,000 · paid last 24h −0.029%

Price spread now: Polymarket Perps against Lighter−0.020%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$150.151% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.020%, 7d avg −0.044%

Together, before fees−0.200%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.024% dearer against Lighter than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.044%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	227.56	0.0168	pay 0.0021% / 1h	28m 02s	$2.2M	$3.2M	20x
Short	Polymarket Perps NVDA-USD	227.51	0.0050	get 0.0006% / 1h	28m 02s	$401K	$277K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$24.78
Price spread: −0.020% → −0.044%: $2.41
Slippage, 4 orders: −$7.11
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$37.47
Costs to cover: 0.151%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Polymarket Perps: live order book, 34 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	0.33 bp	0.6 bp −$1	1.8 bp −$18	6.3 bp −$626	doesn't fit
Sell Polymarket Perps live order book, 34 min ago	3.08 bp	7.1 bp −$7	7.3 bp −$73	10.2 bp −$1,020	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	227.55	−0.003%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	−0.003%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.51	−0.020%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.62	+0.028%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.68	+0.054%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.06	−0.218%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.090%	$198K	$478K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	+0.037%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0011%	8h	227.58	+0.009%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.52	−0.017%	$118K	$54K	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	+0.0036%	8h	227.62	+0.027%	$3.5M	$2.1M	—	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	227.40	−0.069%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.68	+0.054%	$406K	$745K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.56	+0.002%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.64	+0.037%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.41	−0.064%	$147.9M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	227.51	−0.020%	$401K	$277K	10x
SoDEX NVDA-USD	+0.0050%	1h	227.41	−0.064%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.43	−0.055%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.011%	$1.3M	$777K	10x	as long as short
Binance NVDAUSDT	+0.0096%	8h	227.60	+0.019%	$156.2M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.42	−0.058%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.50	−0.025%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.53	−0.011%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.56	+0.002%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.50	−0.025%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0123%	1h	227.42	−0.060%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0134%	8h	227.61	+0.024%	$1.6M	$724K	20x	as long as short
Lighter NVDAlong	+0.0168%	1h	227.56	long leg	$2.2M	$3.2M	20x
Lighter RH NVDA	+0.0208%	1h	227.68	+0.054%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0215%	8h	227.67	+0.050%	$723K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.191%	$73K	$137	30x	as long as short
edgeX NVDAUSDC	+0.0277%	4h	227.60	+0.020%	$170K	$1.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0322%	1h	227.50	−0.025%	$49K	$1.6M	10x	as long as short
Extended NVDA_24_5-USD	+0.0352%	1h	227.37	−0.084%	$689K	$722K	10x	as long as short