After costs, if the gap returns to its 7d average, $10k−$5
spread now+0.154%7d average+0.025%fees + slippage, in and out−$18spread needed0.175%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NVDA | 226.60 | 0.0106 | pay 0.0013% / 1h | 50m 50s | $93K | $96K | 20x |
| Short | Lighter NVDA | 226.95 | 0.0048 | get 0.0006% / 1h | 50m 50s | $2.1M | $2.7M | 20x |
Phoenix NVDA
Lighter NVDAPrice 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
- $15.36
- Funding while held
- −$1.74
- Slippage, 4 orders
- −$10.51
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$3.9
- Spread needed to break even
- 0.175%
Slippage from Phoenix: live order book, 42 min ago; Lighter: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0058%
- Per $10,000 a day
- −$1.74
- 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 | 2.66 bp | 8.2 bp −$8 | 17.2 bp −$172 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.31 bp | 0.3 bp $0 | 1.5 bp −$15 | 18.8 bp −$1,883 | doesn't fit |
NVDA price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International226.54cheapestVariational Omni226.55+0.002%Aftermath Perps226.56+0.010%
Coinbase International
Variational OmniPhoenix226.60+0.026%
SunX226.60+0.026%Arcus226.61+0.031%Injective226.61+0.031%Ondo Perps226.62+0.035%ApeX Omni226.62+0.035%HTX226.63+0.040%Hotstuff226.65+0.049%Nado226.69+0.065%edgeX226.71+0.076%Pacifica226.72+0.078%Extended226.74+0.087%QFEX226.76+0.097%Gate226.76+0.097%Polymarket Perps226.76+0.097%Aster226.78+0.105%BloFin226.78+0.106%Phemex226.80+0.115%tradeXYZ226.81+0.119%Deribit226.81+0.119%KuCoin226.82+0.124%SoDEX226.82+0.124%Aevo226.83+0.129%Bybit226.84+0.132%Orderly226.84+0.132%OKX226.85+0.137%Binance226.85+0.138%Bitget226.88+0.150%Vest226.94+0.177%
SunX
Arcus
Injective
Ondo Perps
ApeX Omni
HTX
Hotstuff
Nado
Pacifica
Extended
QFEX
Gate
Polymarket Perps
Aster
BloFin
Phemex
tradeXYZ
Deribit
KuCoin
SoDEX
Aevo
Bybit
Orderly
OKX
Binance
Bitget
VestLighter226.95+0.180%
Lighter RH227.07+0.234%
Lighter RHNVDA on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International NVDA-PERP-INTX | −0.026% | +0.0072% | 1h | $1.3M | $721K | 10x | as long as short |
| Variational Omni NVDA | −0.024% | 0.0000% | 8h | $3.2M | $2.1M | — | as long as short |
| Aftermath Perps NVDAUSD | −0.016% | +0.0105% | 1h | $117K | $52K | 10x | as long as short |
| Phoenix NVDAlong | 0.000% | +0.0106% | 1h | $93K | $96K | 20x | |
| SunX NVDA-USDT | 0.000% | 0.0000% | 8h | $2K | $3.8M | 20x | as long as short |
| Arcus NVDA-USD | +0.004% | +0.0040% | 1h | $370K | $592K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.004% | +0.0220% | 1h | $73K | $53K | 30x | as long as short |
| Ondo Perps NVDA-USD.P | +0.009% | +0.0050% | 1h | $1.4M | $1.5M | 15x | as long as short |
| ApeX Omni NVDAUSDT | +0.009% | +0.0100% | 1h | $16K | $42K | 50x | as long as short |
| HTX NVDA-USDT | +0.013% | 0.0000% | 8h | $200K | $354K | 30x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff NVDA-PERP | +0.022% | +0.0088% | 1h | $35K | — | 20x | as long as short |
| Nado NVDA-PERP | +0.039% | +0.0080% | 1h | $348K | $143K | 20x | as long as short |
| edgeX NVDAUSDC | +0.049% | +0.0480% | 4h | $174K | $1.4M | 20x | as long as short |
| Pacifica NVDA | +0.052% | +0.0100% | 1h | $299K | $44K | 10x | as long as short |
| Extended NVDA_24_5-USD | +0.061% | +0.0032% | 1h | $543K | $242K | 10x | as long as short |
| QFEX NVDA-USD | +0.071% | +0.0023% | 1h | $1.3M | $8.5M | 10x | as long as short |
| Gate NVDA_USDT | +0.071% | 0.0000% | 8h | $7.3M | $7.6M | 100x | as long as short |
| Polymarket Perps NVDA-USD | +0.071% | +0.0050% | 1h | $363K | $194K | 10x | as long as short |
| Aster NVDAUSDT | +0.079% | +0.0041% | 8h | $540K | $277K | 20x | as long as short |
| BloFin NVDA-USDT | +0.079% | +0.0167% | 8h | $747K | $165K | 20x | as long as short |
| Phemex NVDAUSDT | +0.088% | 0.0000% | 4h | $2.2M | $41K | 10x | as long as short |
| tradeXYZ xyz:NVDA | +0.093% | +0.0050% | 1h | $147.8M | $42.4M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.093% | 0.0000% | 1h | $48K | $1.2M | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.097% | +0.0100% | 8h | $1.6M | $579K | 20x | as long as short |
| SoDEX NVDA-USD | +0.097% | +0.0050% | 1h | $58K | $18K | 10x | as long as short |
| Aevo NVDA-PERP | +0.103% | +0.0096% | 1h | — | — | 10x | as long as short |
| Bybit NVDAUSDT | +0.106% | 0.0000% | 8h | $12.9M | $11.9M | 100x | as long as short |
| Orderly PERP_NVDA_USDC | +0.106% | +0.0100% | 8h | $36K | $22K | 20x | as long as short |
| OKX NVDA-USDT-SWAP | +0.110% | 0.0000% | 8h | $14.7M | $18.1M | 50x | as long as short |
| Binance NVDAUSDT | +0.112% | +0.0047% | 8h | $159.5M | $159.1M | 50x | as long as short |
| Bitget NVDAUSDT | +0.124% | +0.0164% | 8h | $15.9M | $16.2M | 100x | as long as short |
| Vest NVDA-USD-PERP | +0.150% | +0.0046% | 1h | — | $71K | 25x | as long as short |
| Lighter NVDAshort | +0.154% | +0.0048% | 1h | $2.1M | $2.7M | 20x | |
| Lighter RH NVDA | +0.207% | +0.0032% | 1h | $4.6M | $5.9M | 20x | as long as short |