After costs, if the gap returns to its 7d average, $10k−$49
spread now−0.152%7d average+0.078%fees + slippage, in and out−$26spread needed0.257%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NVDA | 223.54 | 0.0215 | pay 0.0027% / 1h | 30m 23s | $108K | $35K | 20x |
| Short | Lighter RH NVDA | 223.20 | 0.0264 | get 0.0033% / 1h | 30m 23s | $4.5M | $4.3M | 20x |
Phoenix NVDA
Lighter RH 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
- −$15.21
- Funding while held
- $1.48
- Slippage, 4 orders
- −$18.75
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$39.48
- Spread needed to break even
- 0.257%
Slippage from Phoenix: live order book, 24 min ago; Lighter RH: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0049%
- Per $10,000 a day
- +$1.48
- 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, 24 min ago | 4.02 bp | 10.6 bp −$11 | 24.1 bp −$241 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 1.12 bp | 2.8 bp −$3 | 5.4 bp −$54 | 38.7 bp −$3,868 | doesn't fit |
NVDA price on every exchange
against the cheapest. Click to use as the short leg.SunX222.78cheapestExtended222.82+0.017%Ondo Perps222.85+0.031%tradeXYZ222.91+0.058%Arcus222.91+0.058%Nado222.94+0.071%Polymarket Perps222.94+0.072%Pacifica222.97+0.085%Orderly222.98+0.090%Bybit223.03+0.112%KuCoin223.03+0.112%Vest223.03+0.112%QFEX223.04+0.117%Deribit223.06+0.126%Coinbase International223.06+0.126%Lighter223.06+0.127%Gate223.07+0.130%Bitget223.08+0.135%SoDEX223.08+0.135%HTX223.08+0.135%Binance223.09+0.139%OKX223.09+0.139%BloFin223.11+0.148%Aevo223.13+0.155%Aster223.13+0.156%
SunX
Extended
Ondo Perps
tradeXYZ
Arcus
Nado
Polymarket Perps
Pacifica
Orderly
Bybit
KuCoin
Vest
QFEX
Deribit
Coinbase International
Lighter
Gate
Bitget
SoDEX
HTX
Binance
OKX
BloFin
Aevo
AsterLighter RH223.20+0.189%
Aftermath Perps223.28+0.226%Phemex223.31+0.238%Hotstuff223.34+0.251%ApeX Omni223.35+0.256%
Phemex
Hotstuff
ApeX OmniPhoenix223.54+0.341%
edgeX223.61+0.371%Variational Omni223.68+0.405%Injective224.19+0.633%
Variational Omni
InjectiveNVDA on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX NVDA-USDT | −0.340% | 0.0000% | 8h | $2K | $1.9M | 20x | as long as short |
| Extended NVDA_24_5-USD | −0.323% | +0.0032% | 1h | $557K | $164K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | −0.309% | +0.0050% | 1h | $1.7M | $595K | 15x | as long as short |
| tradeXYZ xyz:NVDA | −0.282% | +0.0154% | 1h | $147.1M | $28.9M | 20x | as long as short |
| Arcus NVDA-USD | −0.282% | +0.0040% | 1h | $497K | $325K | 20x | as long as short |
| Nado NVDA-PERP | −0.269% | +0.0179% | 1h | $487K | $51K | 20x | as long as short |
| Polymarket Perps NVDA-USD | −0.268% | +0.0050% | 1h | $344K | $156K | 10x | as long as short |
| Pacifica NVDA | −0.255% | +0.0100% | 1h | $294K | $30K | 10x | as long as short |
| Orderly PERP_NVDA_USDC | −0.251% | +0.0100% | 8h | $34K | $14K | 20x | as long as short |
| Bybit NVDAUSDT | −0.228% | +0.0043% | 8h | $12.5M | $7.1M | 100x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin NVDAUSDTM | −0.228% | +0.0345% | 8h | $1.6M | $346K | 20x | as long as short |
| Vest NVDA-USD-PERP | −0.228% | +0.0046% | 1h | — | $693 | 25x | as long as short |
| QFEX NVDA-USD | −0.224% | +0.0054% | 1h | $1.3M | $5.0M | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | −0.215% | +0.0154% | 1h | $71K | $995K | 10x | as long as short |
| Coinbase International NVDA-PERP-INTX | −0.215% | +0.0184% | 1h | $1.3M | $465K | 10x | as long as short |
| Lighter NVDA | −0.214% | +0.0272% | 1h | $1.8M | $1.8M | 20x | as long as short |
| Gate NVDA_USDT | −0.210% | 0.0000% | 8h | $7.0M | $4.2M | 100x | as long as short |
| Bitget NVDAUSDT | −0.206% | +0.0247% | 8h | $16.7M | $11.6M | 100x | as long as short |
| SoDEX NVDA-USD | −0.206% | +0.0050% | 1h | $57K | $10K | 10x | as long as short |
| HTX NVDA-USDT | −0.206% | 0.0000% | 8h | $189K | $285K | 30x | as long as short |
| Binance NVDAUSDT | −0.201% | +0.0235% | 8h | $159.1M | $64.2M | 50x | as long as short |
| OKX NVDA-USDT-SWAP | −0.201% | +0.0156% | 8h | $15.2M | $10.2M | 50x | as long as short |
| BloFin NVDA-USDT | −0.192% | +0.0354% | 8h | $773K | $96K | 20x | as long as short |
| Aevo NVDA-PERP | −0.185% | +0.0136% | 1h | — | — | 10x | as long as short |
| Aster NVDAUSDT | −0.185% | +0.0186% | 8h | $477K | $236K | 20x | as long as short |
| Lighter RH NVDAshort | −0.152% | +0.0264% | 1h | $4.5M | $4.3M | 20x | |
| Aftermath Perps NVDAUSD | −0.115% | +0.0027% | 1h | $115K | $45K | 10x | as long as short |
| Phemex NVDAUSDT | −0.103% | 0.0000% | 4h | $2.2M | $38K | 10x | as long as short |
| Hotstuff NVDA-PERP | −0.089% | +0.0072% | 1h | $35K | — | 20x | as long as short |
| ApeX Omni NVDAUSDT | −0.085% | +0.0100% | 1h | $15K | $35K | 50x | as long as short |
| Phoenix NVDAlong | 0.000% | +0.0215% | 1h | $108K | $35K | 20x | |
| edgeX NVDAUSDC | +0.030% | +0.0962% | 4h | $149K | $596K | 20x | as long as short |
| Variational Omni NVDA | +0.063% | +0.0195% | 8h | $3.2M | $1.8M | — | as long as short |
| Injective NVDA/USDC PERP | +0.291% | +0.0220% | 1h | $72K | $115K | 30x | as long as short |