NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.01 per $10,000 · paid last 24h +0.014%

Price spread now: Phoenix against Pacifica−0.018%47s7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.370% of the position

Long on Pacifica Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 3 days (all we have)+0.043%+$4 · spread now −0.018%, 7d avg +0.029%

Together, before fees+0.113%+ Points / potential airdropPacifica: Active · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.047% cheaper against Pacifica than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.029%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	227.65	0.0100	pay 0.0013% / 1h	29m 53s	$299K	$60K	10x
Short	Phoenix NVDA	227.61	0.0106	get 0.0013% / 1h	29m 53s	$94K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.018%Rate

Funding earned: $1.17
Price spread: −0.018% → +0.029%: −$4.68
Slippage, 4 orders: −$21.95
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$40.47
Costs to cover: 0.370%
Break-even: 249.6 days

Slippage from Pacifica: live order book, 43 min ago; Phoenix: live order book, 35 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, 43 min ago	1.76 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 35 min ago	3.08 bp	9.4 bp −$9	20.8 bp −$208	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	227.63	−0.008%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.82	+0.075%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.81	+0.070%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.76	+0.048%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.79	+0.061%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.38	−0.119%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.77	+0.053%	$198K	$511K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.85	+0.088%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0009%	8h	227.62	−0.013%	$20K	$395K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	227.51	−0.060%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0024%	1h	227.63	−0.009%	$35K	—	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.57	−0.035%	$525K	$472K	10x	as long as short
Bitget NVDAUSDT	+0.0037%	8h	227.89	+0.105%	$15.5M	$16.9M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.55	−0.044%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.75	+0.044%	$1.6M	$11.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.82	+0.075%	—	$74K	25x	as long as short
Binance NVDAUSDT	+0.0047%	8h	227.86	+0.092%	$156.5M	$217.4M	50x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.67	+0.009%	$147.8M	$46.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.71	+0.026%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.65	0.000%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.55	−0.044%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.083%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0080%	1h	227.63	−0.010%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.78	+0.059%	—	—	10x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.65	long leg	$299K	$60K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.070%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.76	+0.048%	$36K	$22K	20x	as long as short
Phoenix NVDAshort	+0.0106%	1h	227.61	−0.018%	$94K	$112K	20x
KuCoin NVDAUSDTM	+0.0126%	8h	227.71	+0.026%	$1.6M	$742K	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.83	+0.080%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.95	+0.132%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0166%	8h	227.82	+0.075%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.250%	$73K	$138	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0321%	1h	227.77	+0.053%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0627%	4h	227.62	−0.015%	$170K	$1.9M	20x	as long as short