Funding you earn now, next payment 03:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.022%
Price spread now: Aster against Phoenix+0.095%85s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as 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−$270.274% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.095%, 7d avg +0.027%
=Together, before fees−0.166%+ Points / potential airdropAster: Stage 5 · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.068% dearer against Phoenix than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of +0.027%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.091% in total) that is about 5.3 days. The two prices were read 85 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 | Phoenix NVDA | 227.54 | 0.0141 | pay 0.0018% / 1h | 20m 07s | $94K | $112K | 20x |
| Short | Aster NVDAUSDT | 227.76 | 0.0033 | get 0.0033% / 8h | 4h 20m | $484K | $590K | 20x |
Phoenix NVDA
Aster NVDAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- −$22.49
- Price spread: +0.095% → +0.027%
- $6.84
- Slippage, 4 orders
- −$12.36
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$43
- Costs to cover
- 0.274%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 30 min ago; Aster: live order book, 38 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 Phoenix live order book, 30 min ago | 2.64 bp | 8.6 bp −$9 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell Aster live order book, 38 min ago | 0.44 bp | 4.4 bp −$4 | 7.5 bp −$75 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NVDA-PERP | −0.0056% | 1h | 227.59 | +0.022% | $35K | — | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 227.72 | +0.079% | $12.7M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.71 | +0.075% | $14.4M | $20.4M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.65 | +0.048% | $7.2M | $9.7M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.73 | +0.084% | $15.5M | $16.4M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.42 | −0.053% | $1K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.64 | +0.044% | $198K | $469K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.82 | +0.123% | $2.2M | $43K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0013% | 1h | 227.50 | −0.019% | $118K | $54K | 10x | as long as short |
| GRVT NVDA_USDT_Perp | +0.0028% | 8h | 227.69 | +0.064% | $20K | $390K | 10x | as long as short |
Hotstuff NVDA-PERP
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aftermath Perps NVDAUSD
GRVT NVDA_USDT_PerpShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NVDAUSDTshort | +0.0033% | 8h | 227.76 | +0.095% | $484K | $590K | 20x | |
| Arcus NVDA-USD | +0.0040% | 1h | 227.61 | +0.031% | $399K | $741K | 20x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.82 | +0.123% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.56 | +0.009% | $147.8M | $43.5M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.69 | +0.066% | $402K | $276K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.62 | +0.035% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.49 | −0.022% | $1.6M | $2.0M | 15x | as long as short |
| QFEX NVDA-USD | +0.0057% | 1h | 227.72 | +0.079% | $1.3M | $9.3M | 10x | as long as short |
| Variational Omni NVDA | +0.0063% | 8h | 227.74 | +0.089% | $3.5M | $2.1M | — | as long as short |
| Nado NVDA-PERP | +0.0070% | 1h | 227.59 | +0.022% | $484K | $228K | 20x | as long as short |
| Lighter NVDA | +0.0080% | 1h | 227.70 | +0.071% | $2.2M | $3.3M | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.60 | +0.026% | $299K | $51K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.50 | −0.018% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.69 | +0.066% | $36K | $21K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0104% | 1h | 227.53 | −0.004% | $1.3M | $775K | 10x | as long as short |
| Aevo NVDA-PERP | +0.0112% | 1h | 227.74 | +0.086% | — | — | 10x | as long as short |
| Binance NVDAUSDT | +0.0117% | 8h | 227.71 | +0.075% | $156.3M | $215.8M | 50x | as long as short |
| KuCoin NVDAUSDTM | +0.0133% | 8h | 227.68 | +0.062% | $1.6M | $724K | 20x | as long as short |
| Lighter RH NVDA | +0.0136% | 1h | 227.84 | +0.132% | $5.1M | $7.1M | 20x | as long as short |
| Phoenix NVDAlong | +0.0141% | 1h | 227.54 | long leg | $94K | $112K | 20x | |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.91 | +0.163% | $73K | $138 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0237% | 8h | 227.74 | +0.088% | $721K | $201K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0277% | 1h | 227.67 | +0.057% | $49K | $1.6M | 10x | as long as short |
| Extended NVDA_24_5-USD | +0.0384% | 1h | 227.52 | −0.009% | $679K | $743K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0989% | 4h | 227.65 | +0.050% | $171K | $1.9M | 20x | as long as short |
Arcus NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
QFEX NVDA-USD
Variational Omni NVDA
Nado NVDA-PERP
Lighter NVDA
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Coinbase International NVDA-PERP-INTX
Aevo NVDA-PERP
Binance NVDAUSDT
KuCoin NVDAUSDTM
Lighter RH NVDA
Injective NVDA/USDC PERP
BloFin NVDA-USDT
Deribit NVDA_USDC-PERPETUAL
Extended NVDA_24_5-USD
edgeX NVDAUSDC