Funding you earn now, next payment 05:00 UTC−0.0009%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.031%
Price spread now: Lighter against QFEX−0.006%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Funding, last 4 days (all we have)+0.057%+$6 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now −0.006%, 7d avg +0.016%
=Together, before fees+0.093%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.022% cheaper against QFEX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX NVDA-USD | 227.00 | 0.0041 | pay 0.0005% / 1h | 17m 07s | $1.3M | $9.1M | 10x |
| Short | Lighter NVDA | 226.99 | 0.0032 | get 0.0004% / 1h | 17m 07s | $2.1M | $3.3M | 20x |
QFEX NVDA-USD
Lighter NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against QFEX. 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
- −$1.81
- Price spread: −0.006% → +0.016%
- −$2.25
- Slippage, 4 orders
- −$5.44
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$19.5
- Costs to cover
- 0.154%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 7 min ago; Lighter: live order book, 5 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 QFEX live order book, 7 min ago | 1.98 bp | 7.0 bp −$7 | 7.7 bp −$77 | 13.0 bp −$1,302 | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.53 bp | 0.8 bp −$1 | 1.9 bp −$19 | 13.4 bp −$1,344 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NVDAUSDT | 0.0000% | 8h | 227.06 | +0.026% | $12.6M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.03 | +0.013% | $14.3M | $20.4M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.98 | −0.009% | $7.3M | $9.7M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.08 | +0.035% | $15.4M | $16.4M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.08 | +0.037% | $20K | $396K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.57 | −0.189% | $2K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.26 | +0.115% | $197K | $461K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.25 | +0.110% | $2.2M | $43K | 10x | as long as short |
| Hotstuff NVDA-PERP | +0.0008% | 1h | 226.88 | −0.053% | $35K | — | 20x | as long as short |
| Aftermath Perps NVDAUSD | +0.0012% | 1h | 226.89 | −0.050% | $118K | $52K | 10x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Hotstuff NVDA-PERP
Aftermath Perps NVDAUSDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NVDAUSDT | +0.0017% | 8h | 227.05 | +0.024% | $482K | $569K | 20x | as long as short |
| Variational Omni NVDA | +0.0029% | 8h | 227.08 | +0.033% | $3.6M | $2.2M | — | as long as short |
| Lighter NVDAshort | +0.0032% | 1h | 226.99 | −0.006% | $2.1M | $3.3M | 20x | |
| Arcus NVDA-USD | +0.0040% | 1h | 226.94 | −0.026% | $398K | $739K | 20x | as long as short |
| QFEX NVDA-USDlong | +0.0041% | 1h | 227.00 | long leg | $1.3M | $9.1M | 10x | |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.07 | +0.031% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.87 | −0.057% | $147.4M | $43.4M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.00 | 0.000% | $400K | $276K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.83 | −0.075% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.67 | −0.145% | $1.6M | $2.0M | 15x | as long as short |
| Nado NVDA-PERP | +0.0058% | 1h | 226.90 | −0.043% | $482K | $227K | 20x | as long as short |
| Binance NVDAUSDT | +0.0092% | 8h | 227.07 | +0.031% | $155.6M | $216.3M | 50x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.91 | −0.039% | $298K | $50K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 227.04 | +0.018% | $1.6M | $729K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.80 | −0.088% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.01 | +0.004% | $36K | $21K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.02 | +0.008% | — | — | 10x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 227.11 | +0.048% | $1.3M | $782K | 10x | as long as short |
| Lighter RH NVDA | +0.0136% | 1h | 227.15 | +0.066% | $5.1M | $7.1M | 20x | as long as short |
| Phoenix NVDA | +0.0141% | 1h | 226.87 | −0.057% | $93K | $112K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0191% | 1h | 226.96 | −0.018% | $49K | $1.7M | 10x | as long as short |
| Extended NVDA_24_5-USD | +0.0200% | 1h | 226.84 | −0.073% | $672K | $765K | 10x | as long as short |
| BloFin NVDA-USDT | +0.0212% | 8h | 227.10 | +0.044% | $719K | $201K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.32 | +0.141% | $73K | $139 | 30x | as long as short |
| edgeX NVDAUSDC | +0.0497% | 4h | 227.06 | +0.028% | $170K | $1.9M | 20x | as long as short |
Aster NVDAUSDT
Variational Omni NVDA
Arcus NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Nado NVDA-PERP
Binance NVDAUSDT
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Coinbase International NVDA-PERP-INTX
Lighter RH NVDA
Phoenix NVDA
Deribit NVDA_USDC-PERPETUAL
Extended NVDA_24_5-USD
BloFin NVDA-USDT
Injective NVDA/USDC PERP
edgeX NVDAUSDC