Funding you earn now, next payment 07:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.025%
Price spread now: tradeXYZ against Phoenix+0.027%81s7-day average −0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.095%−$10 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.027%, 7d avg −0.033%
=Together, before fees−0.148%+ Points / potential airdroptradeXYZ: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.059% dearer against Phoenix than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.033%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NVDA | 226.26 | 0.0177 | pay 0.0022% / 1h | 3m 58s | $93K | $83K | 20x |
| Short | tradeXYZ xyz:NVDA | 226.32 | 0.0094 | get 0.0012% / 1h | 3m 58s | $146.9M | $43.3M | 20x |
Phoenix NVDA
tradeXYZ xyz:NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.49
- Price spread: +0.027% → −0.033%
- $5.94
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$36.55
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; tradeXYZ: live order book, 6 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 6 min ago | 0.22 bp | 10.4 bp −$10 | 11.0 bp −$110 | doesn't fit | doesn't fit |
Phoenix: 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 on 35 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NVDAUSDT | 0.0000% | 8h | 226.44 | +0.080% | $12.5M | $14.4M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.44 | +0.080% | $14.1M | $20.3M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.40 | +0.062% | $7.2M | $10.0M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.51 | +0.110% | $15.9M | $16.6M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.10 | −0.071% | $2K | $3.6M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 226.46 | +0.088% | $198K | $439K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 226.61 | +0.155% | $2.2M | $42K | 10x | as long as short |
| Hotstuff NVDA-PERP | +0.0008% | 1h | 226.27 | +0.004% | $35K | — | 20x | as long as short |
| Aftermath Perps NVDAUSD | +0.0015% | 1h | 226.10 | −0.072% | $117K | $51K | 10x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 226.30 | +0.018% | $392K | $738K | 20x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Hotstuff NVDA-PERP
Aftermath Perps NVDAUSD
Arcus NVDA-USDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.43 | +0.075% | — | $74K | 25x | as long as short |
| GRVT NVDA_USDT_Perp | +0.0047% | 8h | 226.30 | +0.017% | $21K | $421K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.30 | +0.018% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.16 | −0.044% | $1.6M | $1.9M | 15x | as long as short |
| QFEX NVDA-USD | +0.0064% | 1h | 226.39 | +0.057% | $1.3M | $9.0M | 10x | as long as short |
| Aster NVDAUSDT | +0.0065% | 8h | 226.37 | +0.049% | $482K | $530K | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0077% | 1h | 226.34 | +0.035% | $391K | $247K | 10x | as long as short |
| Variational Omni NVDA | +0.0089% | 8h | 226.34 | +0.037% | $3.5M | $2.3M | — | as long as short |
| tradeXYZ xyz:NVDAshort | +0.0094% | 1h | 226.32 | +0.027% | $146.9M | $43.3M | 20x | |
| Pacifica NVDA | +0.0100% | 1h | 226.25 | −0.004% | $297K | $48K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.02 | −0.106% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.40 | +0.062% | $36K | $21K | 20x | as long as short |
| KuCoin NVDAUSDTM | +0.0106% | 8h | 226.38 | +0.053% | $1.6M | $839K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0120% | 1h | 226.43 | +0.074% | — | — | 10x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0120% | 1h | 226.09 | −0.075% | $1.3M | $695K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0150% | 4h | 226.30 | +0.017% | $170K | $1.9M | 20x | as long as short |
| Binance NVDAUSDT | +0.0151% | 8h | 226.47 | +0.093% | $155.4M | $219.4M | 50x | as long as short |
| Lighter NVDA | +0.0168% | 1h | 226.41 | +0.064% | $2.1M | $3.3M | 20x | as long as short |
| Nado NVDA-PERP | +0.0174% | 1h | 226.21 | −0.024% | $480K | $223K | 20x | as long as short |
| Phoenix NVDAlong | +0.0177% | 1h | 226.26 | long leg | $93K | $83K | 20x | |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 226.54 | +0.124% | $73K | $140 | 30x | as long as short |
| Lighter RH NVDA | +0.0232% | 1h | 226.54 | +0.124% | $5.1M | $7.0M | 20x | as long as short |
| BloFin NVDA-USDT | +0.0269% | 8h | 226.36 | +0.044% | $712K | $195K | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0368% | 1h | 226.20 | −0.027% | $645K | $876K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0369% | 1h | 226.38 | +0.053% | $53K | $1.9M | 10x | as long as short |
Vest NVDA-USD-PERP
GRVT NVDA_USDT_Perp
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
QFEX NVDA-USD
Aster NVDAUSDT
Polymarket Perps NVDA-USD
Variational Omni NVDA
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
KuCoin NVDAUSDTM
Aevo NVDA-PERP
Coinbase International NVDA-PERP-INTX
edgeX NVDAUSDC
Binance NVDAUSDT
Lighter NVDA
Nado NVDA-PERP
Injective NVDA/USDC PERP
Lighter RH NVDA
BloFin NVDA-USDT
Extended NVDA_24_5-USD
Deribit NVDA_USDC-PERPETUAL