After costs, if the gap returns to its 7d average, $10k−$148
spread now+0.045%7d average+0.323%fees + slippage, in and out−$120spread needed1.201%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NVDAUSDT | 223.89 | 0 | get 0.0000% / 4h | 1h 29m | $2.2M | $38K | 10x |
| Short | Injective NVDA/USDC PERP | 223.99 | 0.0220 | get 0.0028% / 1h | 29m 44s | $72K | $87K | 30x |
Phemex NVDAUSDT
Injective NVDA/USDC PERPPrice 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
- $4.47
- Funding while held
- $6.6
- Slippage, 4 orders
- −$108.11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$109.06
- Spread needed to break even
- 1.201%
Slippage from Phemex: live order book, 5 min ago; Injective: live order book, 71 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0220%
- Per $10,000 a day
- +$6.60
- 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, 5 min ago | 2.23 bp | 29.9 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 71 min ago | 28.16 bp | 28.2 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
NVDA price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps223.55cheapestAftermath Perps223.57+0.010%SunX223.62+0.031%Extended223.64+0.040%Arcus223.65+0.045%ApeX Omni223.66+0.049%edgeX223.66+0.051%Pacifica223.67+0.054%Hotstuff223.68+0.058%tradeXYZ223.69+0.063%Coinbase International223.70+0.067%SoDEX223.72+0.076%Nado223.73+0.079%Deribit223.75+0.089%Polymarket Perps223.76+0.094%Orderly223.76+0.094%QFEX223.78+0.103%Phoenix223.78+0.103%Binance223.78+0.105%Gate223.79+0.107%KuCoin223.79+0.107%Bybit223.80+0.112%OKX223.80+0.112%Aevo223.81+0.118%HTX223.82+0.121%BloFin223.82+0.121%Lighter223.83+0.124%Bitget223.85+0.134%Vest223.85+0.134%Aster223.88+0.148%
Ondo Perps
SunX
Extended
Arcus
ApeX Omni
Pacifica
Hotstuff
tradeXYZ
Coinbase International
SoDEX
Nado
Deribit
Polymarket Perps
Orderly
QFEX
Phoenix
Binance
Gate
KuCoin
Bybit
OKX
Aevo
HTX
BloFin
Lighter
Bitget
Vest
AsterPhemex223.89+0.152%
Variational Omni223.89+0.153%Lighter RH223.92+0.166%
Variational Omni
Lighter RHInjective223.99+0.197%
NVDA 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 | −0.152% | +0.0050% | 1h | $1.7M | $746K | 15x | as long as short |
| Aftermath Perps NVDAUSD | −0.142% | +0.0161% | 1h | $116K | $49K | 10x | as long as short |
| SunX NVDA-USDT | −0.121% | 0.0000% | 8h | $3K | $2.9M | 20x | as long as short |
| Extended NVDA_24_5-USD | −0.112% | +0.0048% | 1h | $551K | $222K | 10x | as long as short |
| Arcus NVDA-USD | −0.107% | +0.0040% | 1h | $496K | $430K | 20x | as long as short |
| ApeX Omni NVDAUSDT | −0.103% | +0.0100% | 1h | $15K | $39K | 50x | as long as short |
| edgeX NVDAUSDC | −0.101% | −0.0713% | 4h | $172K | $975K | 20x | as long as short |
| Pacifica NVDA | −0.098% | +0.0100% | 1h | $295K | $41K | 10x | as long as short |
| Hotstuff NVDA-PERP | −0.094% | +0.0056% | 1h | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NVDA | −0.089% | +0.0050% | 1h | $150.8M | $34.1M | 20x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International NVDA-PERP-INTX | −0.085% | +0.0168% | 1h | $1.3M | $628K | 10x | as long as short |
| SoDEX NVDA-USD | −0.076% | +0.0050% | 1h | $58K | $14K | 10x | as long as short |
| Nado NVDA-PERP | −0.073% | +0.0119% | 1h | $488K | $55K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | −0.063% | 0.0000% | 1h | $64K | $1.0M | 10x | as long as short |
| Polymarket Perps NVDA-USD | −0.058% | +0.0050% | 1h | $345K | $149K | 10x | as long as short |
| Orderly PERP_NVDA_USDC | −0.058% | +0.0100% | 8h | $34K | $29K | 20x | as long as short |
| QFEX NVDA-USD | −0.049% | +0.0046% | 1h | $1.3M | $5.8M | 10x | as long as short |
| Phoenix NVDA | −0.049% | +0.0178% | 1h | $108K | $36K | 20x | as long as short |
| Binance NVDAUSDT | −0.047% | +0.0200% | 8h | $160.9M | $104.9M | 50x | as long as short |
| Gate NVDA_USDT | −0.045% | 0.0000% | 8h | $7.1M | $5.4M | 100x | as long as short |
| KuCoin NVDAUSDTM | −0.045% | +0.0253% | 8h | $1.5M | $430K | 20x | as long as short |
| Bybit NVDAUSDT | −0.040% | +0.0002% | 8h | $12.8M | $9.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | −0.040% | +0.0110% | 8h | $15.0M | $14.0M | 50x | as long as short |
| Aevo NVDA-PERP | −0.034% | +0.0128% | 1h | — | — | 10x | as long as short |
| HTX NVDA-USDT | −0.031% | 0.0000% | 8h | $199K | $280K | 30x | as long as short |
| BloFin NVDA-USDT | −0.031% | +0.0323% | 8h | $756K | $123K | 20x | as long as short |
| Lighter NVDA | −0.028% | +0.0240% | 1h | $1.8M | $2.0M | 20x | as long as short |
| Bitget NVDAUSDT | −0.018% | +0.0278% | 8h | $16.9M | $14.6M | 100x | as long as short |
| Vest NVDA-USD-PERP | −0.018% | +0.0046% | 1h | — | $67K | 25x | as long as short |
| Aster NVDAUSDT | −0.004% | +0.0167% | 8h | $545K | $257K | 20x | as long as short |
| Phemex NVDAUSDTlong | 0.000% | 0.0000% | 4h | $2.2M | $38K | 10x | |
| Variational Omni NVDA | +0.001% | +0.0169% | 8h | $3.2M | $1.8M | — | as long as short |
| Lighter RH NVDA | +0.013% | +0.0168% | 1h | $4.5M | $5.0M | 20x | as long as short |
| Injective NVDA/USDC PERPshort | +0.045% | +0.0220% | 1h | $72K | $87K | 30x |