Spread before costs (cost unknown: a leg has no order-book sample)−0.049%
7d average—if it closes, per $10,000$5funding while held, a day+$1.27
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NVDA | 225.46 | 0.0178 | pay 0.0022% / 1h | 45m 21s | $108K | $36K | 20x |
| Short | Injective NVDA/USDC PERP | 225.35 | 0.0220 | get 0.0028% / 1h | 45m 21s | $72K | $53K | 30x |
Phoenix NVDA
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
- −$4.88
- Funding while held
- $1.27
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$10.63
- Spread needed to break even
- 0.070%
Slippage unknown: Phoenix: live order book, 52 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0042%
- Per $10,000 a day
- +$1.27
- 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, 52 min ago | 2.22 bp | 8.2 bp −$8 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.SunX225.08cheapestOndo Perps225.19+0.049%ApeX Omni225.19+0.049%Coinbase International225.22+0.062%HTX225.25+0.076%Aftermath Perps225.27+0.086%Pacifica225.28+0.088%SoDEX225.29+0.093%Nado225.31+0.102%Extended225.31+0.104%Variational Omni225.33+0.109%BloFin225.34+0.116%Hotstuff225.35+0.120%
SunX
Ondo Perps
ApeX Omni
Coinbase International
HTX
Pacifica
SoDEX
Nado
Extended
Variational Omni
BloFin
HotstuffInjective225.35+0.120%
Aster225.36+0.124%Polymarket Perps225.36+0.124%tradeXYZ225.38+0.133%Arcus225.38+0.133%Gate225.38+0.133%QFEX225.39+0.138%OKX225.40+0.142%Deribit225.40+0.142%Bybit225.42+0.151%KuCoin225.42+0.151%Aevo225.44+0.159%Binance225.44+0.162%Lighter225.44+0.162%edgeX225.45+0.163%Bitget225.45+0.164%
Aster
Polymarket Perps
tradeXYZ
Arcus
Gate
QFEX
OKX
Deribit
Bybit
KuCoin
Aevo
Binance
Lighter
BitgetPhoenix225.46+0.169%
Orderly225.46+0.169%Vest225.47+0.173%Phemex225.49+0.182%Lighter RH225.56+0.213%
Orderly
Vest
Phemex
Lighter RHNVDA on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX NVDA-USDT | −0.169% | 0.0000% | 8h | $2K | $3.7M | 20x | as long as short |
| Ondo Perps NVDA-USD.P | −0.120% | +0.0050% | 1h | $1.5M | $1.4M | 15x | as long as short |
| ApeX Omni NVDAUSDT | −0.120% | +0.0100% | 1h | $16K | $42K | 50x | as long as short |
| Coinbase International NVDA-PERP-INTX | −0.106% | +0.0112% | 1h | $1.3M | $695K | 10x | as long as short |
| HTX NVDA-USDT | −0.093% | 0.0000% | 8h | $200K | $337K | 30x | as long as short |
| Aftermath Perps NVDAUSD | −0.083% | +0.0138% | 1h | $117K | $52K | 10x | as long as short |
| Pacifica NVDA | −0.080% | +0.0100% | 1h | $297K | $43K | 10x | as long as short |
| SoDEX NVDA-USD | −0.075% | +0.0050% | 1h | $58K | $17K | 10x | as long as short |
| Nado NVDA-PERP | −0.066% | +0.0132% | 1h | $485K | $63K | 20x | as long as short |
| Extended NVDA_24_5-USD | −0.064% | +0.0032% | 1h | $559K | $230K | 10x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni NVDA | −0.060% | +0.0064% | 8h | $3.1M | $2.0M | — | as long as short |
| BloFin NVDA-USDT | −0.053% | +0.0245% | 8h | $753K | $155K | 20x | as long as short |
| Hotstuff NVDA-PERP | −0.049% | +0.0144% | 1h | $35K | — | 20x | as long as short |
| Injective NVDA/USDC PERPshort | −0.049% | +0.0220% | 1h | $72K | $53K | 30x | |
| Aster NVDAUSDT | −0.044% | +0.0111% | 8h | $538K | $275K | 20x | as long as short |
| Polymarket Perps NVDA-USD | −0.044% | +0.0050% | 1h | $358K | $181K | 10x | as long as short |
| tradeXYZ xyz:NVDA | −0.035% | +0.0050% | 1h | $150.9M | $37.7M | 20x | as long as short |
| Arcus NVDA-USD | −0.035% | +0.0076% | 1h | $384K | $560K | 20x | as long as short |
| Gate NVDA_USDT | −0.035% | 0.0000% | 8h | $7.2M | $6.4M | 100x | as long as short |
| QFEX NVDA-USD | −0.031% | +0.0039% | 1h | $1.3M | $7.4M | 10x | as long as short |
| OKX NVDA-USDT-SWAP | −0.027% | +0.0019% | 8h | $14.9M | $16.2M | 50x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | −0.027% | +0.0016% | 1h | $55K | $1.2M | 10x | as long as short |
| Bybit NVDAUSDT | −0.018% | 0.0000% | 8h | $12.8M | $11.5M | 100x | as long as short |
| KuCoin NVDAUSDTM | −0.018% | +0.0179% | 8h | $1.6M | $553K | 20x | as long as short |
| Aevo NVDA-PERP | −0.010% | +0.0112% | 1h | — | — | 10x | as long as short |
| Binance NVDAUSDT | −0.007% | +0.0124% | 8h | $161.9M | $138.5M | 50x | as long as short |
| Lighter NVDA | −0.007% | +0.0120% | 1h | $1.8M | $2.1M | 20x | as long as short |
| edgeX NVDAUSDC | −0.006% | −0.0501% | 4h | $172K | $1.2M | 20x | as long as short |
| Bitget NVDAUSDT | −0.004% | +0.0227% | 8h | $16.6M | $15.1M | 100x | as long as short |
| Phoenix NVDAlong | 0.000% | +0.0178% | 1h | $108K | $36K | 20x | |
| Orderly PERP_NVDA_USDC | 0.000% | +0.0100% | 8h | $36K | $22K | 20x | as long as short |
| Vest NVDA-USD-PERP | +0.004% | +0.0046% | 1h | — | $71K | 25x | as long as short |
| Phemex NVDAUSDT | +0.013% | 0.0000% | 4h | $2.2M | $39K | 10x | as long as short |
| Lighter RH NVDA | +0.044% | +0.0072% | 1h | $4.4M | $5.3M | 20x | as long as short |