Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.024%

Price spread now: OKX against Lighter RH−0.044%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$130.128% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.044%, 7d avg −0.022%

Together, before fees−0.065%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.022% cheaper against Lighter RH than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NVDA	227.86	0.0128	pay 0.0016% / 1h	35m 31s	$5.1M	$7.0M	20x
Short	OKX NVDA-USDT-SWAP	227.76	0	get 0.0000% / 8h	6h 35m	$14.4M	$20.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$26.88
Price spread: −0.044% → −0.022%: −$2.23
Slippage, 4 orders: −$2.83
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$41.93
Costs to cover: 0.128%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago	0.66 bp	0.7 bp −$1	1.4 bp −$14	32.7 bp −$3,267	doesn't fit
Sell OKX live order book, 3 min ago	0.22 bp	5.7 bp −$6	6.5 bp −$65	20.4 bp −$2,038	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	−0.0016%	1h	227.62	−0.105%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.77	−0.040%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.76	−0.044%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAPshort	0.0000%	8h	227.76	−0.044%	$14.4M	$20.3M	50x
Gate NVDA_USDT	0.0000%	8h	227.69	−0.075%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.79	−0.031%	$15.4M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.28	−0.255%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.75	−0.048%	$198K	$498K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.80	−0.026%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.58	−0.121%	$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	+0.0015%	8h	227.74	−0.053%	$3.5M	$1.9M	—	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.59	−0.118%	$693K	$709K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0037%	8h	227.71	−0.065%	$20K	$386K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.61	−0.110%	$400K	$723K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.75	−0.048%	$1.5M	$10.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	−0.009%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.60	−0.114%	$148.0M	$44.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.70	−0.070%	$402K	$280K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.59	−0.118%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.56	−0.132%	$1.5M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.176%	$1.3M	$788K	10x	as long as short
Nado NVDA-PERP	+0.0073%	1h	227.63	−0.099%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0080%	8h	227.80	−0.028%	$156.3M	$216.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.60	−0.113%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.58	−0.123%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.72	−0.061%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.67	−0.083%	$49K	$1.5M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.72	−0.061%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.62	−0.105%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.76	−0.044%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDAlong	+0.0128%	1h	227.86	long leg	$5.1M	$7.0M	20x
KuCoin NVDAUSDTM	+0.0131%	8h	227.75	−0.048%	$1.6M	$737K	20x	as long as short
BloFin NVDA-USDT	+0.0203%	8h	227.78	−0.035%	$723K	$204K	20x	as long as short
edgeX NVDAUSDC	+0.0212%	4h	227.66	−0.087%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.96	+0.044%	$73K	$135	30x	as long as short