Funding you earn now, next payment 04:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.033%
Price spread now: Binance against Phemex−0.053%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$930.929% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 2 days (all we have)+0.075%+$7 · spread now −0.053%, 7d avg −0.013%
=Funding pays, the price is against you. Binance is 0.040% cheaper against Phemex than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of −0.013%). If the spread goes back, that is −$4 on $10k: about 38 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NVDAUSDT | 227.95 | 0 | get 0.0000% / 4h | 2h 16m | $2.2M | $43K | 10x |
| Short | Binance NVDAUSDT | 227.83 | 0.0085 | get 0.0085% / 8h | 6h 16m | $156.3M | $215.8M | 50x |
Phemex NVDAUSDT
Binance NVDAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $17.82
- Price spread: −0.053% → −0.013%
- −$4.01
- Slippage, 4 orders
- −$70.94
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$79.13
- Costs to cover
- 0.929%
- Break-even
- 38.1 days
Slippage from Phemex: live order book, 2 min ago; Binance: live order book, 12 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 Phemex live order book, 2 min ago | 3.29 bp | 37.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.22 bp | 5.5 bp −$5 | 6.5 bp −$65 | 21.0 bp −$2,097 | doesn't fit |
NVDA on 34 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 | 227.81 | −0.061% | $12.7M | $15.1M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.83 | −0.053% | $14.4M | $20.3M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.76 | −0.083% | $7.2M | $9.6M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.86 | −0.039% | $15.4M | $16.4M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.35 | −0.263% | $2K | $3.8M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.96 | +0.004% | $198K | $494K | 30x | as long as short |
| Phemex NVDAUSDTlong | 0.0000% | 4h | 227.95 | long leg | $2.2M | $43K | 10x | |
| Aster NVDAUSDT | 0.0000% | 8h | 227.79 | −0.071% | $484K | $590K | 20x | as long as short |
| Aftermath Perps NVDAUSD | +0.0012% | 1h | 227.67 | −0.121% | $118K | $54K | 10x | as long as short |
| GRVT NVDA_USDT_Perp | +0.0020% | 8h | 227.82 | −0.057% | $20K | $388K | 10x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Aster NVDAUSDT
Aftermath Perps NVDAUSD
GRVT NVDA_USDT_PerpShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NVDA | +0.0022% | 8h | 227.79 | −0.069% | $3.5M | $2.0M | — | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.68 | −0.118% | $400K | $723K | 20x | as long as short |
| QFEX NVDA-USD | +0.0045% | 1h | 227.85 | −0.044% | $1.4M | $10.0M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.98 | +0.013% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.67 | −0.123% | $148.1M | $44.6M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.82 | −0.057% | $402K | $277K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.72 | −0.101% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.67 | −0.123% | $1.6M | $2.0M | 15x | as long as short |
| Hotstuff NVDA-PERP | +0.0056% | 1h | 227.74 | −0.092% | $35K | — | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0072% | 1h | 227.46 | −0.215% | $1.3M | $786K | 10x | as long as short |
| Nado NVDA-PERP | +0.0081% | 1h | 227.77 | −0.079% | $484K | $229K | 20x | as long as short |
| Binance NVDAUSDTshort | +0.0085% | 8h | 227.83 | −0.053% | $156.3M | $215.8M | 50x | |
| Pacifica NVDA | +0.0100% | 1h | 227.73 | −0.096% | $299K | $60K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.69 | −0.114% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.83 | −0.053% | $36K | $22K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0101% | 1h | 227.78 | −0.075% | $49K | $1.5M | 10x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.86 | −0.039% | — | — | 10x | as long as short |
| Phoenix NVDA | +0.0105% | 1h | 227.66 | −0.127% | $94K | $112K | 20x | as long as short |
| Lighter NVDA | +0.0120% | 1h | 227.82 | −0.058% | $2.2M | $3.2M | 20x | as long as short |
| KuCoin NVDAUSDTM | +0.0131% | 8h | 227.89 | −0.026% | $1.6M | $736K | 20x | as long as short |
| Lighter RH NVDA | +0.0136% | 1h | 227.96 | +0.004% | $5.1M | $7.0M | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0168% | 1h | 227.67 | −0.123% | $689K | $714K | 10x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 228.09 | +0.061% | $73K | $138 | 30x | as long as short |
| edgeX NVDAUSDC | +0.0460% | 4h | 227.77 | −0.080% | $170K | $1.9M | 20x | as long as short |
Variational Omni NVDA
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Hotstuff NVDA-PERP
Coinbase International NVDA-PERP-INTX
Nado NVDA-PERP
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Deribit NVDA_USDC-PERPETUAL
Aevo NVDA-PERP
Phoenix NVDA
Lighter NVDA
KuCoin NVDAUSDTM
Lighter RH NVDA
Extended NVDA_24_5-USD
Injective NVDA/USDC PERP
edgeX NVDAUSDC