After costs, if the gap returns to its 7d average, $10k−$15
spread now+0.192%7d average+0.051%fees + slippage, in and out−$29spread needed0.287%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NVDA | 223.40 | 0.0178 | pay 0.0022% / 1h | 32m 07s | $107K | $36K | 20x |
| Short | Binance NVDAUSDT | 223.83 | 0.0203 | get 0.0203% / 8h | 1h 32m | $160.4M | $104.4M | 50x |
Phoenix NVDA
Binance 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
- $19.25
- Funding while held
- $0.75
- Slippage, 4 orders
- −$11.72
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$8.72
- Spread needed to break even
- 0.287%
Slippage from Phoenix: live order book, 11 min ago; Binance: live order book, 13 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0025%
- Per $10,000 a day
- +$0.75
- 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 Phoenix live order book, 11 min ago | 3.13 bp | 9.1 bp −$9 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.22 bp | 5.2 bp −$5 | 6.1 bp −$61 | 16.8 bp −$1,682 | doesn't fit |
NVDA price on every exchange
against the cheapest. Click to use as the short leg.Phoenix223.40cheapest
Ondo Perps223.48+0.036%ApeX Omni223.55+0.067%Arcus223.58+0.081%Pacifica223.59+0.085%Variational Omni223.59+0.085%Aftermath Perps223.60+0.090%Hotstuff223.66+0.116%Nado223.67+0.121%Polymarket Perps223.68+0.125%QFEX223.70+0.134%Coinbase International223.70+0.134%edgeX223.73+0.148%SunX223.74+0.152%Extended223.76+0.160%BloFin223.78+0.170%tradeXYZ223.80+0.179%Bybit223.82+0.188%SoDEX223.82+0.188%
Ondo Perps
ApeX Omni
Arcus
Pacifica
Variational Omni
Hotstuff
Nado
Polymarket Perps
QFEX
Coinbase International
SunX
Extended
BloFin
tradeXYZ
Bybit
SoDEXBinance223.83+0.192%
OKX223.83+0.192%Vest223.85+0.201%Gate223.87+0.210%Orderly223.87+0.210%Deribit223.87+0.210%Aster223.88+0.215%HTX223.88+0.215%Aevo223.90+0.223%KuCoin223.90+0.224%Phemex223.92+0.233%Bitget223.97+0.255%Injective223.99+0.264%Lighter223.99+0.266%Lighter RH224.08+0.304%
OKX
Vest
Gate
Orderly
Deribit
Aster
HTX
Aevo
KuCoin
Phemex
Bitget
Injective
Lighter
Lighter RHNVDA on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix NVDAlong | 0.000% | +0.0178% | 1h | $107K | $36K | 20x | |
| Ondo Perps NVDA-USD.P | +0.036% | +0.0050% | 1h | $1.7M | $742K | 15x | as long as short |
| ApeX Omni NVDAUSDT | +0.067% | +0.0100% | 1h | $16K | $39K | 50x | as long as short |
| Arcus NVDA-USD | +0.081% | +0.0040% | 1h | $497K | $428K | 20x | as long as short |
| Pacifica NVDA | +0.085% | +0.0100% | 1h | $294K | $33K | 10x | as long as short |
| Variational Omni NVDA | +0.085% | +0.0171% | 8h | $3.2M | $1.8M | — | as long as short |
| Aftermath Perps NVDAUSD | +0.090% | +0.0163% | 1h | $116K | $49K | 10x | as long as short |
| Hotstuff NVDA-PERP | +0.116% | +0.0104% | 1h | $35K | — | 20x | as long as short |
| Nado NVDA-PERP | +0.121% | +0.0124% | 1h | $488K | $55K | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.125% | +0.0050% | 1h | $345K | $149K | 10x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX NVDA-USD | +0.134% | +0.0046% | 1h | $1.3M | $5.7M | 10x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.134% | +0.0168% | 1h | $1.3M | $627K | 10x | as long as short |
| edgeX NVDAUSDC | +0.148% | −0.0277% | 4h | $172K | $961K | 20x | as long as short |
| SunX NVDA-USDT | +0.152% | 0.0000% | 8h | $3K | $2.9M | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.160% | +0.0048% | 1h | $554K | $216K | 10x | as long as short |
| BloFin NVDA-USDT | +0.170% | +0.0325% | 8h | $756K | $123K | 20x | as long as short |
| tradeXYZ xyz:NVDA | +0.179% | +0.0050% | 1h | $150.9M | $34.0M | 20x | as long as short |
| Bybit NVDAUSDT | +0.188% | +0.0006% | 8h | $12.7M | $9.7M | 100x | as long as short |
| SoDEX NVDA-USD | +0.188% | +0.0050% | 1h | $58K | $14K | 10x | as long as short |
| Binance NVDAUSDTshort | +0.192% | +0.0203% | 8h | $160.4M | $104.4M | 50x | |
| OKX NVDA-USDT-SWAP | +0.192% | +0.0112% | 8h | $15.0M | $14.0M | 50x | as long as short |
| Vest NVDA-USD-PERP | +0.201% | +0.0046% | 1h | — | $67K | 25x | as long as short |
| Gate NVDA_USDT | +0.210% | 0.0000% | 8h | $7.1M | $5.3M | 100x | as long as short |
| Orderly PERP_NVDA_USDC | +0.210% | +0.0100% | 8h | $34K | $29K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.210% | 0.0000% | 1h | $65K | $1.0M | 10x | as long as short |
| Aster NVDAUSDT | +0.215% | +0.0170% | 8h | $545K | $257K | 20x | as long as short |
| HTX NVDA-USDT | +0.215% | 0.0000% | 8h | $199K | $281K | 30x | as long as short |
| Aevo NVDA-PERP | +0.223% | +0.0128% | 1h | — | — | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.224% | +0.0258% | 8h | $1.6M | $425K | 20x | as long as short |
| Phemex NVDAUSDT | +0.233% | 0.0000% | 4h | $2.2M | $38K | 10x | as long as short |
| Bitget NVDAUSDT | +0.255% | +0.0279% | 8h | $16.9M | $14.6M | 100x | as long as short |
| Injective NVDA/USDC PERP | +0.264% | +0.0220% | 1h | $72K | $87K | 30x | as long as short |
| Lighter NVDA | +0.266% | +0.0248% | 1h | $1.8M | $2.0M | 20x | as long as short |
| Lighter RH NVDA | +0.304% | +0.0176% | 1h | $4.6M | $4.9M | 20x | as long as short |