Settings8H · net · $10k
Funding arb · Price arb /

NVDA

RWAall NVDA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.041%
Price spread now: Lighter RH against SunX+0.221%7-day average +0.176% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$680.676% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.228%+$23 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.221%, 7d avg +0.176%
Together, before fees+0.204%+ Points / potential airdropLighter RH: Points live · farm board+$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter RH is 0.045% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.176%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NVDA-USDT225.840get 0.0000% / 8h56m 04s$2K$3.6M20x
ShortLighter RH NVDA226.340.0208get 0.0026% / 1h56m 04s$5.1M$6.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against SunX. 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

Funding earned
$43.68
Price spread: +0.221% → +0.176%
$4.51
Slippage, 4 orders
−$59.59
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$19.4
Costs to cover
0.676%
Break-even
10.1 days
Slippage from SunX: live order book, 12 min ago; Lighter RH: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 12 min ago21.86 bp38.5 bp −$3867.8 bp −$678doesn't fitdoesn't fit
Sell Lighter RH live order book, 2 min ago1.55 bp1.5 bp −$22.7 bp −$2728.0 bp −$2,801doesn't fit

NVDA on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NVDAUSDT0.0000%8h226.24+0.177%$12.4M$14.5M100xas long as short
OKX NVDA-USDT-SWAP0.0000%8h226.25+0.182%$14.1M$20.5M50xas long as short
Gate NVDA_USDT0.0000%8h226.21+0.164%$7.2M$9.9M100xas long as short
Bitget NVDAUSDT0.0000%8h226.33+0.217%$15.8M$16.6M100xas long as short
GRVT NVDA_USDT_Perp0.0000%8h226.46+0.275%$21K$421K10xas long as short
SunX NVDA-USDTlong0.0000%8h225.84long leg$2K$3.6M20x
HTX NVDA-USDT0.0000%8h226.42+0.257%$198K$448K30xas long as short
Phemex NVDAUSDT0.0000%4h226.39+0.244%$2.2M$42K10xas long as short
Aster NVDAUSDT+0.0019%8h226.24+0.176%$481K$530K20xas long as short
Aftermath Perps NVDAUSD+0.0019%1h226.15+0.137%$117K$51K10xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NVDA+0.0036%8h226.42+0.255%$3.5M$2.3Mas long as short
Arcus NVDA-USD+0.0040%1h226.28+0.195%$399K$732K20xas long as short
Vest NVDA-USD-PERP+0.0046%1h226.27+0.190%$74K25xas long as short
SoDEX NVDA-USD+0.0050%1h226.08+0.106%$59K$19K10xas long as short
Ondo Perps NVDA-USD.P+0.0050%1h226.13+0.128%$1.6M$1.9M15xas long as short
Hotstuff NVDA-PERP+0.0064%1h226.18+0.151%$35K20xas long as short
QFEX NVDA-USD+0.0064%1h226.20+0.159%$1.3M$9.1M10xas long as short
Polymarket Perps NVDA-USD+0.0072%1h226.19+0.155%$391K$247K10xas long as short
tradeXYZ xyz:NVDA+0.0081%1h226.10+0.115%$146.9M$43.4M20xas long as short
Pacifica NVDA+0.0100%1h226.07+0.102%$297K$49K10xas long as short
KuCoin NVDAUSDTM+0.0100%8h226.26+0.186%$1.6M$742K20xas long as short
ApeX Omni NVDAUSDT+0.0100%1h226.21+0.164%$16K$44K50xas long as short
Orderly PERP_NVDA_USDC+0.0100%8h226.20+0.159%$36K$21K20xas long as short
Aevo NVDA-PERP+0.0104%1h226.24+0.175%10xas long as short
Binance NVDAUSDT+0.0106%8h226.27+0.190%$154.3M$218.3M50xas long as short
Phoenix NVDA+0.0106%1h226.30+0.204%$93K$83K20xas long as short
Coinbase International NVDA-PERP-INTX+0.0120%1h226.29+0.199%$1.3M$697K10xas long as short
Lighter NVDA+0.0144%1h226.20+0.159%$2.1M$3.2M20xas long as short
Nado NVDA-PERP+0.0161%1h226.03+0.086%$480K$223K20xas long as short
Lighter RH NVDAshort+0.0208%1h226.34+0.221%$5.1M$6.9M20x
Injective NVDA/USDC PERP+0.0220%1h226.58+0.328%$73K$13630xas long as short
BloFin NVDA-USDT+0.0224%8h226.42+0.257%$712K$195K20xas long as short
Extended NVDA_24_5-USD+0.0352%1h225.96+0.053%$644K$875K10xas long as short
Deribit NVDA_USDC-PERPETUAL+0.0369%1h226.16+0.142%$53K$1.8M10xas long as short
edgeX NVDAUSDC+0.0596%4h226.37+0.235%$170K$1.9M20xas long as short