Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%
Price spread now: Phemex against tradeXYZ+0.097%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1011.012% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.097%, 7d avg +0.082%
=Together, before fees−0.206%+ Points / potential airdroptradeXYZ: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.082%, 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 | tradeXYZ xyz:NVDA | 227.69 | 0.0050 | pay 0.0006% / 1h | 13m 10s | $148.2M | $44.6M | 20x |
| Short | Phemex NVDAUSDT | 227.91 | 0 | get 0.0000% / 4h | 2h 13m | $2.2M | $43K | 10x |
tradeXYZ xyz:NVDA
Phemex NVDAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$10.5
- Price spread: +0.097% → +0.082%
- $1.48
- Slippage, 4 orders
- −$71.24
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$110.27
- Costs to cover
- 1.012%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; Phemex: 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 tradeXYZ live order book, 7 min ago | 0.22 bp | 9.7 bp −$10 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 3.29 bp | 44.7 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
NVDA on 34 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NVDAUSDT | 0.0000% | 8h | 227.81 | +0.052% | $484K | $590K | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 227.80 | +0.048% | $12.7M | $15.0M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.79 | +0.044% | $14.4M | $20.3M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.72 | +0.013% | $7.2M | $9.6M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.83 | +0.061% | $15.4M | $16.4M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.28 | −0.180% | $2K | $3.8M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.84 | +0.066% | $198K | $490K | 30x | as long as short |
| Phemex NVDAUSDTshort | 0.0000% | 4h | 227.91 | +0.097% | $2.2M | $43K | 10x | |
| GRVT NVDA_USDT_Perp | +0.0012% | 8h | 227.85 | +0.069% | $20K | $389K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0012% | 1h | 227.77 | +0.036% | $118K | $54K | 10x | as long as short |
Aster NVDAUSDT
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
GRVT NVDA_USDT_Perp
Aftermath Perps NVDAUSDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit NVDA_USDC-PERPETUAL | +0.0014% | 1h | 227.75 | +0.026% | $49K | $1.5M | 10x | as long as short |
| Variational Omni NVDA | +0.0022% | 8h | 227.80 | +0.050% | $3.5M | $2.0M | — | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.67 | −0.009% | $400K | $721K | 20x | as long as short |
| QFEX NVDA-USD | +0.0045% | 1h | 227.83 | +0.061% | $1.4M | $9.9M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.95 | +0.114% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDAlong | +0.0050% | 1h | 227.69 | long leg | $148.2M | $44.6M | 20x | |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.78 | +0.040% | $402K | $277K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.67 | −0.009% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.64 | −0.022% | $1.6M | $2.0M | 15x | as long as short |
| Hotstuff NVDA-PERP | +0.0072% | 1h | 227.71 | +0.009% | $35K | — | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0072% | 1h | 227.46 | −0.101% | $1.3M | $783K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0078% | 4h | 227.79 | +0.046% | $170K | $1.9M | 20x | as long as short |
| Nado NVDA-PERP | +0.0080% | 1h | 227.71 | +0.010% | $484K | $229K | 20x | as long as short |
| Binance NVDAUSDT | +0.0084% | 8h | 227.82 | +0.057% | $156.3M | $215.8M | 50x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.69 | +0.001% | $299K | $60K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.68 | −0.004% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.78 | +0.040% | $36K | $22K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.80 | +0.048% | — | — | 10x | as long as short |
| Phoenix NVDA | +0.0105% | 1h | 227.67 | −0.009% | $94K | $112K | 20x | as long as short |
| Lighter NVDA | +0.0120% | 1h | 227.80 | +0.047% | $2.2M | $3.2M | 20x | as long as short |
| KuCoin NVDAUSDTM | +0.0129% | 8h | 227.85 | +0.070% | $1.6M | $736K | 20x | as long as short |
| Lighter RH NVDA | +0.0136% | 1h | 227.93 | +0.105% | $5.1M | $7.0M | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0184% | 1h | 227.69 | 0.000% | $689K | $714K | 10x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 228.09 | +0.176% | $73K | $138 | 30x | as long as short |
Deribit NVDA_USDC-PERPETUAL
Variational Omni NVDA
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Hotstuff NVDA-PERP
Coinbase International NVDA-PERP-INTX
edgeX NVDAUSDC
Nado NVDA-PERP
Binance NVDAUSDT
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Phoenix NVDA
Lighter NVDA
KuCoin NVDAUSDTM
Lighter RH NVDA
Extended NVDA_24_5-USD
Injective NVDA/USDC PERP