NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.020%

Price spread now: Deribit against Pacifica+0.044%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.060%+$6 on $10k

Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.044%, 7d avg +0.022%

Together, before fees+0.008%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.022% dearer against Pacifica than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	227.57	0.0100	pay 0.0013% / 1h	42m 17s	$299K	$60K	10x
Short	Deribit NVDA_USDC-PERPETUAL	227.67	0.0189	get 0.0024% / 1h	42m 17s	$49K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Pacifica. 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 PacificabpFee DeribitbpOrdersPrice spread, now +0.044%Rate

Funding earned: $18.78
Price spread: +0.044% → +0.022%: $2.24
Slippage, 4 orders: −$13.99
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$7.97
Costs to cover: 0.290%
Break-even: 10.0 days

Slippage from Pacifica: live order book, 26 min ago; Deribit: live order book, 2 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 Pacifica live order book, 26 min ago	1.98 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	3.73 bp	7.6 bp −$8	8.5 bp −$85	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
Aster NVDAUSDT	0.0000%	8h	227.74	+0.076%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.68	+0.049%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.66	+0.040%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.63	+0.027%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.77	+0.088%	$15.4M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.21	−0.158%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.79	+0.097%	$198K	$502K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.82	+0.110%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.58	+0.007%	$118K	$54K	10x	as long as short
Variational Omni NVDA	+0.0016%	8h	227.73	+0.070%	$3.5M	$1.9M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.54	−0.011%	$693K	$708K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	0.000%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.71	+0.062%	$1.5M	$10.3M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.81	+0.106%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.54	−0.013%	$148.0M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.70	+0.057%	$402K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.58	+0.005%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.55	−0.009%	$1.5M	$2.1M	15x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	227.53	−0.017%	$35K	—	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0066%	8h	227.73	+0.069%	$20K	$388K	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.048%	$1.3M	$789K	10x	as long as short
Nado NVDA-PERP	+0.0081%	1h	227.58	+0.005%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0083%	8h	227.70	+0.060%	$156.3M	$216.4M	50x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.57	long leg	$299K	$60K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	0.000%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.67	+0.044%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.68	+0.049%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.61	+0.018%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.69	+0.054%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.84	+0.119%	$5.1M	$7.0M	20x	as long as short
KuCoin NVDAUSDTM	+0.0137%	8h	227.74	+0.075%	$1.6M	$737K	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0189%	1h	227.67	+0.044%	$49K	$1.5M	10x
BloFin NVDA-USDT	+0.0203%	8h	227.78	+0.093%	$723K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.96	+0.172%	$73K	$135	30x	as long as short
edgeX NVDAUSDC	+0.0713%	4h	227.68	+0.051%	$170K	$1.9M	20x	as long as short