Spread before costs (cost unknown: a leg has no order-book sample)−0.026%
7d average—if it closes, per $10,000$3funding while held, a day+$1.22
| 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 10m | $36K | $22K | 20x |
| Short | Phoenix NVDA | 227.88 | 0.0141 | get 0.0018% / 1h | 10m 07s | $94K | $112K | 20x |
Orderly PERP_NVDA_USDC
Phoenix NVDAPrice 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
- −$2.63
- Funding while held
- $1.22
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$14.41
- Spread needed to break even
- 0.130%
Slippage unknown: Orderly: no order-book sample; Phoenix: live order book, 45 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0041%
- Per $10,000 a day
- +$1.22
- 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 Phoenix live order book, 45 min ago | 2.20 bp | 7.9 bp −$8 | 16.1 bp −$161 | doesn't fit | 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.Ondo Perps227.50cheapestSunX227.52+0.009%Aftermath Perps227.63+0.058%ApeX Omni227.64+0.062%Hotstuff227.69+0.084%Coinbase International227.73+0.101%Arcus227.74+0.105%Pacifica227.74+0.107%Nado227.75+0.109%Variational Omni227.77+0.117%edgeX227.80+0.133%BloFin227.82+0.141%Aster227.83+0.143%Extended227.83+0.145%HTX227.85+0.154%Polymarket Perps227.86+0.158%QFEX227.88+0.167%
Ondo Perps
SunX
ApeX Omni
Hotstuff
Coinbase International
Arcus
Pacifica
Nado
Variational Omni
BloFin
Aster
Extended
HTX
Polymarket Perps
QFEXPhoenix227.88+0.167%
SoDEX227.90+0.176%Gate227.91+0.180%tradeXYZ227.92+0.185%Deribit227.93+0.189%OKX227.94+0.193%KuCoin227.94+0.193%
SoDEX
Gate
tradeXYZ
Deribit
OKX
KuCoinOrderly227.94+0.193%
Bybit227.95+0.198%Aevo227.96+0.201%Phemex227.96+0.202%Binance227.98+0.211%Bitget228.00+0.220%Lighter228.00+0.221%Vest228.04+0.237%Injective228.04+0.237%Lighter RH228.13+0.277%
Bybit
Aevo
Phemex
Binance
Bitget
Lighter
Vest
Injective
Lighter RHNVDA on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps NVDA-USD.P | −0.193% | +0.0050% | 1h | $1.7M | $1.9M | 15x | as long as short |
| 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 | −0.132% | +0.0100% | 1h | $16K | $43K | 50x | as long as short |
| Hotstuff NVDA-PERP | −0.110% | +0.0088% | 1h | $35K | — | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | −0.092% | +0.0096% | 1h | $1.3M | $805K | 10x | as long as short |
| Arcus NVDA-USD | −0.088% | +0.0040% | 1h | $377K | $563K | 20x | as long as short |
| Pacifica NVDA | −0.086% | +0.0100% | 1h | $300K | $49K | 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 |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX NVDAUSDC | −0.060% | +0.0597% | 4h | $168K | $1.7M | 20x | as long as short |
| BloFin NVDA-USDT | −0.053% | +0.0211% | 8h | $739K | $182K | 20x | as long as short |
| Aster NVDAUSDT | −0.050% | +0.0053% | 8h | $512K | $392K | 20x | as long as short |
| Extended NVDA_24_5-USD | −0.048% | +0.0032% | 1h | $527K | $309K | 10x | as long as short |
| HTX NVDA-USDT | −0.039% | 0.0000% | 8h | $200K | $427K | 30x | as long as short |
| Polymarket Perps NVDA-USD | −0.035% | +0.0050% | 1h | $397K | $255K | 10x | as long as short |
| QFEX NVDA-USD | −0.026% | +0.0067% | 1h | $1.4M | $10.1M | 10x | as long as short |
| Phoenix NVDAshort | −0.026% | +0.0141% | 1h | $94K | $112K | 20x | |
| SoDEX NVDA-USD | −0.018% | +0.0050% | 1h | $59K | $19K | 10x | as long as short |
| Gate NVDA_USDT | −0.013% | 0.0000% | 8h | $7.3M | $8.6M | 100x | as long as short |
| tradeXYZ xyz:NVDA | −0.009% | +0.0089% | 1h | $147.7M | $46.1M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | −0.004% | +0.0101% | 1h | $49K | $1.3M | 10x | as long as short |
| OKX NVDA-USDT-SWAP | 0.000% | 0.0000% | 8h | $14.6M | $19.7M | 50x | as long as short |
| KuCoin NVDAUSDTM | 0.000% | +0.0117% | 8h | $1.6M | $669K | 20x | as long as short |
| Orderly PERP_NVDA_USDClong | 0.000% | +0.0100% | 8h | $36K | $22K | 20x | |
| Bybit NVDAUSDT | +0.004% | 0.0000% | 8h | $12.8M | $13.8M | 100x | as long as short |
| 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 |
| Binance NVDAUSDT | +0.018% | +0.0091% | 8h | $157.4M | $199.1M | 50x | as long as short |
| Bitget NVDAUSDT | +0.026% | +0.0205% | 8h | $15.9M | $17.5M | 100x | as long as short |
| Lighter NVDA | +0.028% | +0.0176% | 1h | $2.1M | $3.0M | 20x | 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 | +0.083% | +0.0168% | 1h | $4.9M | $6.4M | 20x | as long as short |