NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.028%

Price spread now: Phoenix against Polymarket Perps+0.004%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$13 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.004%, 7d avg +0.011%

Together, before fees+0.129%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NVDA-USD	226.58	0.0050	pay 0.0006% / 1h	10m 47s	$391K	$285K	10x
Short	Phoenix NVDA	226.59	0.0106	get 0.0013% / 1h	10m 47s	$93K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee PhoenixbpOrdersPrice spread, now +0.004%Rate

Funding earned: $11.74
Price spread: +0.004% → +0.011%: −$0.68
Slippage, 4 orders: −$16.52
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$20.45
Costs to cover: 0.315%
Break-even: 19.2 days

Slippage from Polymarket Perps: live order book, 32 min ago; Phoenix: live order book, 24 min ago.

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 Polymarket Perps live order book, 32 min ago	2.65 bp	6.7 bp −$7	7.3 bp −$73	8.5 bp −$848	doesn't fit
Sell Phoenix live order book, 24 min ago	3.10 bp	9.1 bp −$9	19.4 bp −$194	doesn't fit	doesn't fit

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
Hotstuff NVDA-PERP	−0.0024%	1h	226.53	−0.022%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.66	+0.035%	$12.4M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.68	+0.044%	$14.2M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.64	+0.026%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.71	+0.057%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.68	+0.044%	$21K	$420K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.24	−0.150%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.80	+0.097%	$198K	$450K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.73	+0.066%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0004%	8h	226.48	−0.044%	$482K	$530K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0013%	1h	226.56	−0.008%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0025%	8h	226.66	+0.037%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.60	+0.009%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.71	+0.057%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.53	−0.022%	$147.2M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USDlong	+0.0050%	1h	226.58	long leg	$391K	$285K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.53	−0.022%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.38	−0.088%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.61	+0.013%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0089%	8h	226.70	+0.054%	$154.5M	$218.5M	50x	as long as short
Lighter NVDA	+0.0096%	1h	226.60	+0.009%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.47	−0.049%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.68	+0.044%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.48	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.63	+0.022%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.66	+0.035%	—	—	10x	as long as short
Phoenix NVDAshort	+0.0106%	1h	226.59	+0.004%	$93K	$112K	20x
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.128%	$1.3M	$723K	10x	as long as short
Nado NVDA-PERP	+0.0126%	1h	226.49	−0.038%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	226.72	+0.062%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0209%	8h	226.69	+0.049%	$710K	$195K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.132%	$73K	$139	30x	as long as short
edgeX NVDAUSDC	+0.0343%	4h	226.62	+0.016%	$170K	$1.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0392%	1h	226.41	−0.075%	$646K	$858K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0545%	1h	226.59	+0.004%	$53K	$1.8M	10x	as long as short