Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Phemex against Ondo Perps+0.217%7-day average +0.120% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.217%, 7d avg +0.120%
=Together, before fees−0.262%+ Points / potential airdropOndo Perps: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.097% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.217% now, against its 7-day average of +0.120%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps NVDA-USD.P | 226.08 | 0.0050 | pay 0.0006% / 1h | 10m 12s | $1.6M | $1.9M | 15x |
| Short | Phemex NVDAUSDT | 226.57 | 0 | get 0.0000% / 4h | 10m 12s | $2.2M | $42K | 10x |
Ondo Perps NVDA-USD.P
Phemex NVDAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.58
- Price spread: +0.217% → +0.120%
- $9.65
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$17.93
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 3 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 0.88 bp | 35.5 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 226.30 | +0.097% | $12.5M | $14.4M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.30 | +0.097% | $14.1M | $20.4M | 50x | as long as short |
| Hotstuff NVDA-PERP | 0.0000% | 1h | 226.09 | +0.004% | $35K | — | 20x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.29 | +0.093% | $7.2M | $10.0M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.37 | +0.128% | $15.9M | $16.7M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 225.92 | −0.071% | $2K | $3.6M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 226.32 | +0.106% | $198K | $442K | 30x | as long as short |
| Phemex NVDAUSDTshort | 0.0000% | 4h | 226.57 | +0.217% | $2.2M | $42K | 10x | |
| Aftermath Perps NVDAUSD | +0.0016% | 1h | 226.16 | +0.036% | $117K | $51K | 10x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 226.26 | +0.080% | $392K | $738K | 20x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Hotstuff NVDA-PERP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Aftermath Perps NVDAUSD
Arcus NVDA-USDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT NVDA_USDT_Perp | +0.0042% | 8h | 226.47 | +0.173% | $22K | $423K | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.32 | +0.106% | — | $74K | 25x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.13 | +0.022% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.Plong | +0.0050% | 1h | 226.08 | long leg | $1.6M | $1.9M | 15x | |
| Aster NVDAUSDT | +0.0057% | 8h | 226.32 | +0.105% | $482K | $530K | 20x | as long as short |
| QFEX NVDA-USD | +0.0064% | 1h | 226.21 | +0.058% | $1.3M | $9.1M | 10x | as long as short |
| Polymarket Perps NVDA-USD | +0.0082% | 1h | 226.24 | +0.071% | $391K | $247K | 10x | as long as short |
| Variational Omni NVDA | +0.0083% | 8h | 226.23 | +0.065% | $3.5M | $2.3M | — | as long as short |
| tradeXYZ xyz:NVDA | +0.0087% | 1h | 226.16 | +0.035% | $146.9M | $43.3M | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.06 | −0.009% | $297K | $49K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.35 | +0.119% | $1.6M | $820K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.23 | +0.066% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.28 | +0.088% | $36K | $21K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0120% | 1h | 226.29 | +0.094% | — | — | 10x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0120% | 1h | 226.09 | +0.004% | $1.3M | $697K | 10x | as long as short |
| Binance NVDAUSDT | +0.0143% | 8h | 226.32 | +0.105% | $155.3M | $219.9M | 50x | as long as short |
| Lighter NVDA | +0.0160% | 1h | 226.27 | +0.084% | $2.1M | $3.3M | 20x | as long as short |
| Nado NVDA-PERP | +0.0171% | 1h | 226.03 | −0.022% | $480K | $223K | 20x | as long as short |
| Phoenix NVDA | +0.0177% | 1h | 226.29 | +0.093% | $93K | $83K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 226.78 | +0.310% | $73K | $139 | 30x | as long as short |
| Lighter RH NVDA | +0.0232% | 1h | 226.42 | +0.150% | $5.1M | $7.0M | 20x | as long as short |
| BloFin NVDA-USDT | +0.0262% | 8h | 226.33 | +0.111% | $711K | $195K | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0352% | 1h | 226.07 | −0.004% | $644K | $875K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0413% | 1h | 226.26 | +0.080% | $53K | $1.9M | 10x | as long as short |
| edgeX NVDAUSDC | +0.0539% | 4h | 226.32 | +0.104% | $170K | $1.9M | 20x | as long as short |
GRVT NVDA_USDT_Perp
Vest NVDA-USD-PERP
SoDEX NVDA-USD
Aster NVDAUSDT
QFEX NVDA-USD
Polymarket Perps NVDA-USD
Variational Omni NVDA
tradeXYZ xyz:NVDA
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Coinbase International NVDA-PERP-INTX
Binance NVDAUSDT
Lighter NVDA
Nado NVDA-PERP
Phoenix NVDA
Injective NVDA/USDC PERP
Lighter RH NVDA
BloFin NVDA-USDT
Extended NVDA_24_5-USD
Deribit NVDA_USDC-PERPETUAL
edgeX NVDAUSDC