After costs, if the gap returns to its 7d average, $10k−$91
spread now+0.049%7d average+0.050%fees + slippage, in and out−$91spread needed0.911%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NVDA | 223.78 | 0.0178 | pay 0.0022% / 1h | 28m 17s | $108K | $36K | 20x |
| Short | Phemex NVDAUSDT | 223.89 | 0 | get 0.0000% / 4h | 1h 28m | $2.2M | $38K | 10x |
Phoenix NVDA
Phemex 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
- $4.92
- Funding while held
- −$5.35
- Slippage, 4 orders
- −$72.1
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$91.54
- Spread needed to break even
- 0.911%
Slippage from Phoenix: live order book, 15 min ago; Phemex: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0178%
- Per $10,000 a day
- −$5.35
- 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, 15 min ago | 3.13 bp | 9.1 bp −$9 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.56 bp | 37.2 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
NVDA price on every exchange
against the cheapest. Click to use as the short leg.Arcus223.60cheapestSunX223.60cheapestOndo Perps223.61+0.004%Extended223.61+0.006%Aftermath Perps223.64+0.019%Pacifica223.65+0.021%edgeX223.66+0.028%ApeX Omni223.68+0.036%tradeXYZ223.69+0.040%QFEX223.69+0.040%Polymarket Perps223.69+0.040%Orderly223.71+0.049%SoDEX223.71+0.049%Deribit223.71+0.049%Hotstuff223.73+0.058%Coinbase International223.73+0.058%Nado223.76+0.070%Bybit223.78+0.081%
Arcus
SunX
Ondo Perps
Extended
Pacifica
ApeX Omni
tradeXYZ
QFEX
Polymarket Perps
Orderly
SoDEX
Deribit
Hotstuff
Coinbase International
Nado
BybitPhoenix223.78+0.081%
Aevo223.78+0.082%Gate223.79+0.085%KuCoin223.79+0.085%Binance223.80+0.088%Vest223.81+0.094%HTX223.81+0.094%OKX223.82+0.098%Aster223.82+0.101%Bitget223.83+0.103%BloFin223.83+0.103%Lighter223.84+0.105%
Aevo
Gate
KuCoin
Binance
Vest
HTX
OKX
Aster
Bitget
BloFin
LighterPhemex223.89+0.130%
Variational Omni223.89+0.131%Lighter RH223.93+0.148%Injective223.99+0.174%
Variational Omni
Lighter RH
InjectiveNVDA on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Arcus NVDA-USD | −0.080% | +0.0040% | 1h | $496K | $430K | 20x | as long as short |
| SunX NVDA-USDT | −0.080% | 0.0000% | 8h | $2K | $2.9M | 20x | as long as short |
| Ondo Perps NVDA-USD.P | −0.076% | +0.0050% | 1h | $1.7M | $748K | 15x | as long as short |
| Extended NVDA_24_5-USD | −0.075% | +0.0048% | 1h | $551K | $222K | 10x | as long as short |
| Aftermath Perps NVDAUSD | −0.061% | +0.0157% | 1h | $116K | $49K | 10x | as long as short |
| Pacifica NVDA | −0.060% | +0.0100% | 1h | $295K | $41K | 10x | as long as short |
| edgeX NVDAUSDC | −0.052% | −0.0713% | 4h | $172K | $975K | 20x | as long as short |
| ApeX Omni NVDAUSDT | −0.045% | +0.0100% | 1h | $15K | $39K | 50x | as long as short |
| tradeXYZ xyz:NVDA | −0.040% | +0.0050% | 1h | $150.8M | $34.1M | 20x | as long as short |
| QFEX NVDA-USD | −0.040% | +0.0046% | 1h | $1.3M | $5.8M | 10x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps NVDA-USD | −0.040% | +0.0050% | 1h | $345K | $149K | 10x | as long as short |
| Orderly PERP_NVDA_USDC | −0.031% | +0.0100% | 8h | $34K | $29K | 20x | as long as short |
| SoDEX NVDA-USD | −0.031% | +0.0050% | 1h | $58K | $14K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | −0.031% | 0.0000% | 1h | $64K | $1.0M | 10x | as long as short |
| Hotstuff NVDA-PERP | −0.022% | +0.0056% | 1h | $35K | — | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | −0.022% | +0.0168% | 1h | $1.3M | $628K | 10x | as long as short |
| Nado NVDA-PERP | −0.011% | +0.0116% | 1h | $488K | $55K | 20x | as long as short |
| Bybit NVDAUSDT | 0.000% | +0.0001% | 8h | $12.8M | $9.8M | 100x | as long as short |
| Phoenix NVDAlong | 0.000% | +0.0178% | 1h | $108K | $36K | 20x | |
| Aevo NVDA-PERP | +0.002% | +0.0128% | 1h | — | — | 10x | as long as short |
| Gate NVDA_USDT | +0.004% | 0.0000% | 8h | $7.1M | $5.4M | 100x | as long as short |
| KuCoin NVDAUSDTM | +0.004% | +0.0252% | 8h | $1.5M | $432K | 20x | as long as short |
| Binance NVDAUSDT | +0.007% | +0.0198% | 8h | $160.9M | $105.1M | 50x | as long as short |
| Vest NVDA-USD-PERP | +0.013% | +0.0046% | 1h | — | $68K | 25x | as long as short |
| HTX NVDA-USDT | +0.013% | 0.0000% | 8h | $199K | $280K | 30x | as long as short |
| OKX NVDA-USDT-SWAP | +0.018% | +0.0108% | 8h | $14.9M | $14.0M | 50x | as long as short |
| Aster NVDAUSDT | +0.020% | +0.0167% | 8h | $545K | $257K | 20x | as long as short |
| Bitget NVDAUSDT | +0.022% | +0.0278% | 8h | $16.9M | $14.5M | 100x | as long as short |
| BloFin NVDA-USDT | +0.022% | +0.0320% | 8h | $756K | $124K | 20x | as long as short |
| Lighter NVDA | +0.025% | +0.0240% | 1h | $1.8M | $2.0M | 20x | as long as short |
| Phemex NVDAUSDTshort | +0.049% | 0.0000% | 4h | $2.2M | $38K | 10x | |
| Variational Omni NVDA | +0.050% | +0.0169% | 8h | $3.2M | $1.8M | — | as long as short |
| Lighter RH NVDA | +0.067% | +0.0168% | 1h | $4.5M | $5.0M | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.094% | +0.0220% | 1h | $72K | $87K | 30x | as long as short |