Funding you earn now, next payment 05:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.009%
Price spread now: Arcus against tradeXYZ+0.062%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$400.395% of the position
Funding, last 4 days (all we have)+0.038%+$4 on $10k
+Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.062%, 7d avg −0.033%
=Together, before fees−0.154%+ Points / potential airdroptradeXYZ: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.095% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.033%): +$9 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 33 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NVDA | 227.05 | 0.0050 | pay 0.0006% / 1h | 38m 31s | $147.6M | $43.4M | 20x |
| Short | Arcus NVDA-USD | 227.19 | 0.0040 | get 0.0005% / 1h | 38m 31s | $399K | $741K | 20x |
tradeXYZ xyz:NVDA
Arcus NVDA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against tradeXYZ. 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
- −$2.04
- Price spread: +0.062% → −0.033%
- $9.48
- Slippage, 4 orders
- −$17.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$32.08
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; Arcus: live order book, 15 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 tradeXYZ live order book, 11 min ago | 0.44 bp | 10.0 bp −$10 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 15 min ago | 1.32 bp | 11.4 bp −$11 | 15.4 bp −$154 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NVDAUSDT | 0.0000% | 8h | 227.16 | +0.048% | $12.6M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.18 | +0.057% | $14.3M | $20.4M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.15 | +0.044% | $7.2M | $9.7M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.23 | +0.079% | $15.4M | $16.3M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.30 | +0.112% | $20K | $393K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.88 | −0.075% | $3K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.28 | +0.101% | $197K | $464K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.38 | +0.145% | $2.2M | $43K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0012% | 1h | 227.15 | +0.043% | $118K | $53K | 10x | as long as short |
| Aster NVDAUSDT | +0.0017% | 8h | 227.19 | +0.063% | $482K | $590K | 20x | 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
Aftermath Perps NVDAUSD
Aster NVDAUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NVDA-USDshort | +0.0040% | 1h | 227.19 | +0.062% | $399K | $741K | 20x | |
| QFEX NVDA-USD | +0.0041% | 1h | 227.19 | +0.062% | $1.3M | $9.1M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.29 | +0.106% | — | $74K | 25x | as long as short |
| Variational Omni NVDA | +0.0047% | 8h | 227.28 | +0.099% | $3.6M | $2.2M | — | as long as short |
| tradeXYZ xyz:NVDAlong | +0.0050% | 1h | 227.05 | long leg | $147.6M | $43.4M | 20x | |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.16 | +0.048% | $401K | $276K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.05 | 0.000% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.00 | −0.022% | $1.6M | $2.0M | 15x | as long as short |
| Lighter NVDA | +0.0064% | 1h | 227.15 | +0.043% | $2.1M | $3.3M | 20x | as long as short |
| Hotstuff NVDA-PERP | +0.0064% | 1h | 227.04 | −0.004% | $35K | — | 20x | as long as short |
| Nado NVDA-PERP | +0.0067% | 1h | 227.08 | +0.013% | $483K | $227K | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.09 | +0.018% | $298K | $51K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.25 | +0.088% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.16 | +0.048% | $36K | $21K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.19 | +0.063% | — | — | 10x | as long as short |
| Binance NVDAUSDT | +0.0104% | 8h | 227.19 | +0.063% | $155.8M | $216.0M | 50x | as long as short |
| KuCoin NVDAUSDTM | +0.0106% | 8h | 227.22 | +0.075% | $1.6M | $728K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 227.11 | +0.026% | $1.3M | $782K | 10x | as long as short |
| Phoenix NVDA | +0.0141% | 1h | 227.14 | +0.040% | $93K | $112K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0146% | 1h | 227.11 | +0.026% | $49K | $1.7M | 10x | as long as short |
| Lighter RH NVDA | +0.0152% | 1h | 227.33 | +0.123% | $5.1M | $7.1M | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.61 | +0.247% | $73K | $137 | 30x | as long as short |
| Extended NVDA_24_5-USD | +0.0224% | 1h | 227.02 | −0.013% | $673K | $779K | 10x | as long as short |
| BloFin NVDA-USDT | +0.0224% | 8h | 227.23 | +0.079% | $719K | $201K | 20x | as long as short |
| edgeX NVDAUSDC | +0.0358% | 4h | 227.30 | +0.111% | $170K | $1.9M | 20x | as long as short |
QFEX NVDA-USD
Vest NVDA-USD-PERP
Variational Omni NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Lighter NVDA
Hotstuff NVDA-PERP
Nado NVDA-PERP
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Binance NVDAUSDT
KuCoin NVDAUSDTM
Coinbase International NVDA-PERP-INTX
Phoenix NVDA
Deribit NVDA_USDC-PERPETUAL
Lighter RH NVDA
Injective NVDA/USDC PERP
Extended NVDA_24_5-USD
BloFin NVDA-USDT
edgeX NVDAUSDC