Spread before costs (cost unknown: a leg has no order-book sample)−0.035%
7d average—if it closes, per $10,000$4funding while held, a day−$1.79
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_NVDA_USDC | 227.94 | 0.0100 | pay 0.0100% / 8h | 5h 09m | $36K | $22K | 20x |
| Short | Arcus NVDA-USD | 227.86 | 0.0040 | get 0.0005% / 1h | 9m 30s | $377K | $563K | 20x |
Orderly PERP_NVDA_USDC
Arcus NVDA-USDPrice 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
- −$3.51
- Funding while held
- −$1.79
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$15.8
- Spread needed to break even
- 0.105%
Slippage unknown: Orderly: no order-book sample; Arcus: live order book, 26 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0060%
- Per $10,000 a day
- −$1.79
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 26 min ago | 0.88 bp | 6.8 bp −$7 | 7.1 bp −$71 | 11.9 bp −$1,191 | doesn't fit |
Orderly: 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 price on every exchange
against the cheapest. Click to use as the short leg.SunX227.52cheapestAftermath Perps227.63+0.049%ApeX Omni227.67+0.066%Ondo Perps227.69+0.075%Coinbase International227.73+0.092%Nado227.75+0.100%Variational Omni227.77+0.108%edgeX227.77+0.109%Hotstuff227.82+0.132%BloFin227.82+0.132%Pacifica227.84+0.142%HTX227.85+0.145%
SunX
ApeX Omni
Ondo Perps
Coinbase International
Nado
Variational Omni
Hotstuff
BloFin
Pacifica
HTXArcus227.86+0.149%
Polymarket Perps227.86+0.149%Aster227.86+0.150%Extended227.88+0.158%Phoenix227.88+0.158%SoDEX227.90+0.167%tradeXYZ227.91+0.171%Gate227.92+0.176%Deribit227.93+0.180%
Polymarket Perps
Aster
Extended
Phoenix
SoDEX
tradeXYZ
Gate
DeribitOrderly227.94+0.185%
Aevo227.96+0.192%Phemex227.96+0.193%KuCoin227.97+0.198%OKX227.99+0.207%Bybit228.00+0.211%QFEX228.00+0.211%Lighter228.01+0.214%Binance228.01+0.215%Bitget228.02+0.220%Vest228.04+0.229%Injective228.04+0.229%Lighter RH228.14+0.273%
Aevo
Phemex
KuCoin
OKX
Bybit
QFEX
Lighter
Binance
Bitget
Vest
Injective
Lighter RHNVDA on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX NVDA-USDT | −0.184% | 0.0000% | 8h | $2K | $3.9M | 20x | as long as short |
| Aftermath Perps NVDAUSD | −0.135% | +0.0157% | 1h | $118K | $53K | 10x | as long as short |
| ApeX Omni NVDAUSDT | −0.118% | +0.0100% | 1h | $16K | $43K | 50x | as long as short |
| Ondo Perps NVDA-USD.P | −0.110% | +0.0050% | 1h | $1.7M | $1.9M | 15x | as long as short |
| Coinbase International NVDA-PERP-INTX | −0.092% | +0.0096% | 1h | $1.3M | $805K | 10x | as long as short |
| Nado NVDA-PERP | −0.085% | +0.0137% | 1h | $478K | $216K | 20x | as long as short |
| Variational Omni NVDA | −0.077% | +0.0017% | 8h | $3.4M | $2.2M | — | as long as short |
| edgeX NVDAUSDC | −0.075% | +0.0794% | 4h | $167K | $1.7M | 20x | as long as short |
| Hotstuff NVDA-PERP | −0.053% | +0.0048% | 1h | $35K | — | 20x | as long as short |
| BloFin NVDA-USDT | −0.053% | +0.0211% | 8h | $739K | $182K | 20x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica NVDA | −0.042% | +0.0100% | 1h | $300K | $47K | 10x | as long as short |
| HTX NVDA-USDT | −0.039% | 0.0000% | 8h | $200K | $427K | 30x | as long as short |
| Arcus NVDA-USDshort | −0.035% | +0.0040% | 1h | $377K | $563K | 20x | |
| Polymarket Perps NVDA-USD | −0.035% | +0.0050% | 1h | $397K | $255K | 10x | as long as short |
| Aster NVDAUSDT | −0.035% | +0.0053% | 8h | $512K | $392K | 20x | as long as short |
| Extended NVDA_24_5-USD | −0.026% | +0.0032% | 1h | $527K | $309K | 10x | as long as short |
| Phoenix NVDA | −0.026% | +0.0141% | 1h | $94K | $112K | 20x | as long as short |
| SoDEX NVDA-USD | −0.018% | +0.0050% | 1h | $59K | $19K | 10x | as long as short |
| tradeXYZ xyz:NVDA | −0.013% | +0.0089% | 1h | $147.7M | $46.1M | 20x | as long as short |
| Gate NVDA_USDT | −0.009% | 0.0000% | 8h | $7.3M | $8.6M | 100x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | −0.004% | +0.0101% | 1h | $49K | $1.3M | 10x | as long as short |
| Orderly PERP_NVDA_USDClong | 0.000% | +0.0100% | 8h | $36K | $22K | 20x | |
| Aevo NVDA-PERP | +0.008% | +0.0104% | 1h | — | — | 10x | as long as short |
| Phemex NVDAUSDT | +0.009% | 0.0000% | 4h | $2.2M | $41K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.013% | +0.0115% | 8h | $1.6M | $671K | 20x | as long as short |
| OKX NVDA-USDT-SWAP | +0.022% | 0.0000% | 8h | $14.6M | $19.7M | 50x | as long as short |
| Bybit NVDAUSDT | +0.026% | 0.0000% | 8h | $12.8M | $13.8M | 100x | as long as short |
| QFEX NVDA-USD | +0.026% | +0.0067% | 1h | $1.4M | $10.1M | 10x | as long as short |
| Lighter NVDA | +0.029% | +0.0176% | 1h | $2.1M | $3.0M | 20x | as long as short |
| Binance NVDAUSDT | +0.031% | +0.0091% | 8h | $157.4M | $199.3M | 50x | as long as short |
| Bitget NVDAUSDT | +0.035% | +0.0205% | 8h | $15.9M | $17.5M | 100x | as long as short |
| Vest NVDA-USD-PERP | +0.044% | +0.0046% | 1h | — | $73K | 25x | as long as short |
| Injective NVDA/USDC PERP | +0.044% | +0.0220% | 1h | $73K | $19K | 30x | as long as short |
| Lighter RH NVDA | +0.088% | +0.0168% | 1h | $4.9M | $6.5M | 20x | as long as short |