NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h −0.029%

Price spread now: Extended against Lighter RH−0.156%7-day average −0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$120.119% of the position

Long on Lighter RH Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.156%, 7d avg −0.105%

Together, before fees−0.118%+ Points / potential airdropLighter RH: Points live · Extended: Active · farm board−$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.051% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.156% now, against its 7-day average of −0.105%). If the spread goes back, that is −$5 on $10k: about 20 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.118%, 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 -0.118% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 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 RH NVDA	227.81	0.0216	pay 0.0027% / 1h	2m 59s	$5.1M	$7.1M	20x
Short	Extended NVDA_24_5-USD	227.45	0.0424	get 0.0053% / 1h	2m 59s	$686K	$733K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Lighter RH. 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 Lighter RHbpFee ExtendedbpOrdersPrice spread, now −0.156%Rate

Funding earned: $43.68
Price spread: −0.156% → −0.105%: −$5.1
Slippage, 4 orders: −$6.89
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $26.69
Costs to cover: 0.119%
Break-even: 2.7 days

Slippage from Lighter RH: live order book, 6 min ago; Extended: live order book, 60 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 RH live order book, 6 min ago	0.88 bp	0.9 bp −$1	2.1 bp −$21	34.0 bp −$3,397	doesn't fit
Sell Extended live order book, 60 min ago	0.44 bp	4.1 bp −$4	28.3 bp −$283	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
Hotstuff NVDA-PERP	−0.0056%	1h	227.51	−0.132%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.70	−0.048%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.72	−0.040%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.65	−0.070%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.73	−0.035%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.31	−0.219%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	−0.022%	$198K	$474K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.71	−0.044%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.54	−0.117%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0026%	8h	227.70	−0.047%	$484K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0028%	8h	227.69	−0.053%	$21K	$386K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.59	−0.097%	$406K	$744K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.65	−0.070%	$1.4M	$9.5M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.73	−0.035%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.55	−0.114%	$147.9M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.63	−0.079%	$402K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.54	−0.119%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.51	−0.132%	$1.6M	$2.0M	15x	as long as short
Variational Omni NVDA	+0.0052%	8h	227.61	−0.088%	$3.5M	$2.1M	—	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.123%	$1.3M	$775K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.55	−0.114%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.52	−0.127%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.67	−0.061%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0105%	1h	227.49	−0.140%	$94K	$112K	20x	as long as short
Binance NVDAUSDT	+0.0110%	8h	227.76	−0.022%	$156.3M	$215.8M	50x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.68	−0.056%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0130%	1h	227.50	−0.137%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0144%	8h	227.72	−0.040%	$1.6M	$728K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.67	−0.061%	$2.1M	$3.3M	20x	as long as short
Lighter RH NVDAlong	+0.0216%	1h	227.81	long leg	$5.1M	$7.1M	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.98	+0.075%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0230%	8h	227.76	−0.022%	$723K	$201K	20x	as long as short
Extended NVDA_24_5-USDshort	+0.0424%	1h	227.45	−0.156%	$686K	$733K	10x
Deribit NVDA_USDC-PERPETUAL	+0.0585%	1h	227.67	−0.061%	$49K	$1.6M	10x	as long as short
edgeX NVDAUSDC	+0.0817%	4h	227.61	−0.087%	$170K	$1.9M	20x	as long as short