After costs, if the gap returns to its 7d average, $10k−$74
spread now−0.009%7d average−0.029%fees + slippage, in and out−$76spread needed0.765%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NVDAUSDT | 223.92 | 0 | get 0.0000% / 4h | 1h 31m | $2.2M | $38K | 10x |
| Short | Bybit NVDAUSDT | 223.90 | 0.0005 | get 0.0005% / 8h | 1h 31m | $12.7M | $9.7M | 100x |
Phemex NVDAUSDT
Bybit NVDAUSDTPrice 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
- −$0.89
- Funding while held
- $0.15
- Slippage, 4 orders
- −$53.46
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$77.21
- Spread needed to break even
- 0.765%
Slippage from Phemex: live order book, 3 min ago; Bybit: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0005%
- Per $10,000 a day
- +$0.15
- 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 Phemex live order book, 3 min ago | 2.23 bp | 29.9 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.22 bp | 6.1 bp −$6 | 7.7 bp −$77 | 28.1 bp −$2,812 | doesn't fit |
NVDA price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni223.59cheapestAftermath Perps223.60+0.005%Ondo Perps223.61+0.009%Hotstuff223.66+0.031%ApeX Omni223.66+0.031%edgeX223.66+0.033%Nado223.67+0.036%Coinbase International223.70+0.049%Extended223.71+0.054%Arcus223.74+0.067%SunX223.74+0.067%Pacifica223.74+0.068%tradeXYZ223.77+0.080%Polymarket Perps223.78+0.085%Phoenix223.78+0.085%BloFin223.78+0.085%SoDEX223.82+0.103%QFEX223.83+0.107%Bitget223.83+0.107%OKX223.86+0.121%Gate223.86+0.121%Orderly223.87+0.125%Deribit223.87+0.125%Aster223.88+0.130%Binance223.88+0.130%Vest223.88+0.130%HTX223.88+0.130%Aevo223.90+0.138%
Variational Omni
Ondo Perps
Hotstuff
ApeX Omni
Nado
Coinbase International
Extended
Arcus
SunX
Pacifica
tradeXYZ
Polymarket Perps
Phoenix
BloFin
SoDEX
QFEX
Bitget
OKX
Gate
Orderly
Deribit
Aster
Binance
Vest
HTX
AevoBybit223.90+0.139%
KuCoin223.90+0.139%
KuCoinPhemex223.92+0.147%
Lighter223.93+0.151%Injective223.99+0.179%Lighter RH224.02+0.192%
Lighter
Injective
Lighter RHNVDA on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni NVDA | −0.147% | +0.0171% | 8h | $3.2M | $1.8M | — | as long as short |
| Aftermath Perps NVDAUSD | −0.143% | +0.0163% | 1h | $116K | $49K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | −0.138% | +0.0050% | 1h | $1.7M | $746K | 15x | as long as short |
| Hotstuff NVDA-PERP | −0.116% | +0.0104% | 1h | $35K | — | 20x | as long as short |
| ApeX Omni NVDAUSDT | −0.116% | +0.0100% | 1h | $15K | $39K | 50x | as long as short |
| edgeX NVDAUSDC | −0.115% | −0.0713% | 4h | $172K | $975K | 20x | as long as short |
| Nado NVDA-PERP | −0.111% | +0.0124% | 1h | $488K | $55K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | −0.098% | +0.0168% | 1h | $1.3M | $627K | 10x | as long as short |
| Extended NVDA_24_5-USD | −0.093% | +0.0048% | 1h | $554K | $216K | 10x | as long as short |
| Arcus NVDA-USD | −0.080% | +0.0040% | 1h | $496K | $430K | 20x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX NVDA-USDT | −0.080% | 0.0000% | 8h | $3K | $2.9M | 20x | as long as short |
| Pacifica NVDA | −0.079% | +0.0100% | 1h | $295K | $33K | 10x | as long as short |
| tradeXYZ xyz:NVDA | −0.067% | +0.0050% | 1h | $150.9M | $34.0M | 20x | as long as short |
| Polymarket Perps NVDA-USD | −0.063% | +0.0050% | 1h | $345K | $149K | 10x | as long as short |
| Phoenix NVDA | −0.063% | +0.0178% | 1h | $108K | $36K | 20x | as long as short |
| BloFin NVDA-USDT | −0.063% | +0.0325% | 8h | $756K | $123K | 20x | as long as short |
| SoDEX NVDA-USD | −0.045% | +0.0050% | 1h | $58K | $14K | 10x | as long as short |
| QFEX NVDA-USD | −0.040% | +0.0046% | 1h | $1.3M | $5.7M | 10x | as long as short |
| Bitget NVDAUSDT | −0.040% | +0.0279% | 8h | $16.9M | $14.6M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | −0.027% | +0.0111% | 8h | $15.0M | $14.0M | 50x | as long as short |
| Gate NVDA_USDT | −0.027% | 0.0000% | 8h | $7.1M | $5.3M | 100x | as long as short |
| Orderly PERP_NVDA_USDC | −0.022% | +0.0100% | 8h | $34K | $29K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | −0.022% | 0.0000% | 1h | $65K | $1.0M | 10x | as long as short |
| Aster NVDAUSDT | −0.018% | +0.0170% | 8h | $545K | $257K | 20x | as long as short |
| Binance NVDAUSDT | −0.018% | +0.0203% | 8h | $160.4M | $104.4M | 50x | as long as short |
| Vest NVDA-USD-PERP | −0.018% | +0.0046% | 1h | — | $67K | 25x | as long as short |
| HTX NVDA-USDT | −0.018% | 0.0000% | 8h | $199K | $281K | 30x | as long as short |
| Aevo NVDA-PERP | −0.009% | +0.0128% | 1h | — | — | 10x | as long as short |
| Bybit NVDAUSDTshort | −0.009% | +0.0005% | 8h | $12.7M | $9.7M | 100x | |
| KuCoin NVDAUSDTM | −0.009% | +0.0257% | 8h | $1.6M | $428K | 20x | as long as short |
| Phemex NVDAUSDTlong | 0.000% | 0.0000% | 4h | $2.2M | $38K | 10x | |
| Lighter NVDA | +0.004% | +0.0240% | 1h | $1.8M | $2.0M | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.031% | +0.0220% | 1h | $72K | $87K | 30x | as long as short |
| Lighter RH NVDA | +0.045% | +0.0176% | 1h | $4.6M | $4.9M | 20x | as long as short |