Spread before costs (cost unknown: a leg has no order-book sample)−0.009%
7d average—if it closes, per $10,000$1funding while held, a day−$1.25
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NVDA | 225.17 | 0.0178 | pay 0.0022% / 1h | 55m 56s | $108K | $36K | 20x |
| Short | Hotstuff NVDA-PERP | 225.15 | 0.0136 | get 0.0017% / 1h | 55m 56s | $35K | — | 20x |
Phoenix NVDA
Hotstuff NVDA-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
- −$0.89
- Funding while held
- −$1.25
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$14.13
- Spread needed to break even
- 0.120%
Slippage unknown: Phoenix: live order book, 42 min ago; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0042%
- Per $10,000 a day
- −$1.25
- 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, 42 min ago | 2.22 bp | 8.2 bp −$8 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NVDA price on every exchange
against the cheapest. Click to use as the short leg.SunX224.84cheapestCoinbase International224.98+0.062%ApeX Omni225.03+0.085%Aftermath Perps225.03+0.085%Pacifica225.05+0.093%Variational Omni225.06+0.096%Nado225.06+0.100%Polymarket Perps225.10+0.116%Extended225.12+0.125%edgeX225.12+0.127%Ondo Perps225.13+0.129%Arcus225.13+0.129%Aster225.14+0.133%BloFin225.14+0.133%
SunX
Coinbase International
ApeX Omni
Pacifica
Variational Omni
Nado
Polymarket Perps
Extended
Ondo Perps
Arcus
Aster
BloFinHotstuff225.15+0.138%
HTX225.15+0.138%Phemex225.15+0.138%Orderly225.16+0.142%Deribit225.16+0.142%QFEX225.17+0.147%
HTX
Phemex
Orderly
Deribit
QFEXPhoenix225.17+0.147%
Vest225.18+0.151%SoDEX225.19+0.156%tradeXYZ225.20+0.160%Bitget225.20+0.160%Aevo225.21+0.164%Gate225.21+0.165%Bybit225.25+0.182%OKX225.25+0.182%Binance225.27+0.190%Lighter225.27+0.191%KuCoin225.31+0.209%Lighter RH225.39+0.245%Injective225.57+0.325%
Vest
SoDEX
tradeXYZ
Bitget
Aevo
Gate
Bybit
OKX
Binance
Lighter
KuCoin
Lighter RH
InjectiveNVDA on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX NVDA-USDT | −0.147% | 0.0000% | 8h | $2K | $3.7M | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | −0.084% | +0.0112% | 1h | $1.3M | $693K | 10x | as long as short |
| ApeX Omni NVDAUSDT | −0.062% | +0.0100% | 1h | $16K | $42K | 50x | as long as short |
| Aftermath Perps NVDAUSD | −0.062% | +0.0154% | 1h | $116K | $52K | 10x | as long as short |
| Pacifica NVDA | −0.054% | +0.0100% | 1h | $297K | $43K | 10x | as long as short |
| Variational Omni NVDA | −0.051% | +0.0069% | 8h | $3.1M | $2.0M | — | as long as short |
| Nado NVDA-PERP | −0.047% | +0.0156% | 1h | $485K | $62K | 20x | as long as short |
| Polymarket Perps NVDA-USD | −0.031% | +0.0050% | 1h | $358K | $181K | 10x | as long as short |
| Extended NVDA_24_5-USD | −0.022% | +0.0032% | 1h | $559K | $230K | 10x | as long as short |
| edgeX NVDAUSDC | −0.020% | −0.0095% | 4h | $172K | $1.2M | 20x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps NVDA-USD.P | −0.018% | +0.0050% | 1h | $1.5M | $1.4M | 15x | as long as short |
| Arcus NVDA-USD | −0.018% | +0.0076% | 1h | $389K | $564K | 20x | as long as short |
| Aster NVDAUSDT | −0.013% | +0.0115% | 8h | $539K | $274K | 20x | as long as short |
| BloFin NVDA-USDT | −0.013% | +0.0251% | 8h | $751K | $154K | 20x | as long as short |
| Hotstuff NVDA-PERPshort | −0.009% | +0.0136% | 1h | $35K | — | 20x | |
| HTX NVDA-USDT | −0.009% | 0.0000% | 8h | $200K | $360K | 30x | as long as short |
| Phemex NVDAUSDT | −0.009% | 0.0000% | 4h | $2.2M | $38K | 10x | as long as short |
| Orderly PERP_NVDA_USDC | −0.004% | +0.0100% | 8h | $36K | $22K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | −0.004% | +0.0105% | 1h | $55K | $1.2M | 10x | as long as short |
| QFEX NVDA-USD | 0.000% | +0.0039% | 1h | $1.3M | $7.3M | 10x | as long as short |
| Phoenix NVDAlong | 0.000% | +0.0178% | 1h | $108K | $36K | 20x | |
| Vest NVDA-USD-PERP | +0.004% | +0.0046% | 1h | — | $70K | 25x | as long as short |
| SoDEX NVDA-USD | +0.009% | +0.0050% | 1h | $58K | $17K | 10x | as long as short |
| tradeXYZ xyz:NVDA | +0.013% | +0.0096% | 1h | $151.0M | $37.6M | 20x | as long as short |
| Bitget NVDAUSDT | +0.013% | +0.0231% | 8h | $16.6M | $15.0M | 100x | as long as short |
| Aevo NVDA-PERP | +0.017% | +0.0112% | 1h | — | — | 10x | as long as short |
| Gate NVDA_USDT | +0.018% | 0.0000% | 8h | $7.2M | $6.1M | 100x | as long as short |
| Bybit NVDAUSDT | +0.036% | 0.0000% | 8h | $12.8M | $11.4M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | +0.036% | +0.0028% | 8h | $14.9M | $16.1M | 50x | as long as short |
| Binance NVDAUSDT | +0.043% | +0.0130% | 8h | $162.4M | $136.5M | 50x | as long as short |
| Lighter NVDA | +0.044% | +0.0128% | 1h | $1.8M | $2.1M | 20x | as long as short |
| KuCoin NVDAUSDTM | +0.062% | +0.0184% | 8h | $1.6M | $551K | 20x | as long as short |
| Lighter RH NVDA | +0.098% | +0.0112% | 1h | $4.4M | $5.3M | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.178% | +0.0220% | 1h | $72K | $53K | 30x | as long as short |