Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0258%/8h= −28.2% APRpaid last 24h +0.015%

Price spread now: BloFin against Arcus+0.062%7-day average +0.098% · 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−$29as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Arcus Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.090%−$9 · spread now +0.062%, 7d avg +0.098%

Together, before fees−0.111%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and BloFin is 0.036% cheaper against Arcus than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.098%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.021% in total (about -2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	227.35	0.0305	pay 0.0038% / 1h	27m 09s	$400K	$723K	20x
Short	BloFin NVDA-USDT	227.49	0.0047	get 0.0047% / 8h	1h 27m	$713K	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Arcus. 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 ArcusbpFee BloFinbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$54.17
Price spread: +0.062% → +0.098%: −$3.63
Slippage, 4 orders: −$8.94
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$83.23
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from Arcus: live order book, 57 min ago; BloFin: live order book, 54 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 Arcus live order book, 57 min ago	1.32 bp	6.7 bp −$7	7.5 bp −$75	doesn't fit	doesn't fit
Sell BloFin live order book, 54 min ago	0.22 bp	6.8 bp −$7	7.6 bp −$76	13.6 bp −$1,361	17.8 bp −$8,879

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
Aster NVDAUSDT	0.0000%	8h	227.49	+0.062%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.49	+0.062%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.48	+0.057%	$14.4M	$21.2M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.36	+0.004%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.44	+0.040%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.46	+0.047%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.52	+0.076%	$20K	$435K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.06	−0.128%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	+0.026%	$202K	$521K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.55	+0.088%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0012%	8h	227.52	+0.075%	$156.3M	$220.8M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.44	+0.039%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0024%	8h	227.53	+0.079%	$15.6M	$17.8M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.31	−0.019%	$536K	$445K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.46	+0.048%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.55	+0.088%	—	$73K	25x	as long as short
BloFin NVDA-USDTshort	+0.0047%	8h	227.49	+0.062%	$713K	$205K	20x
tradeXYZ xyz:NVDA	+0.0050%	1h	227.35	0.000%	$147.3M	$49.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.39	+0.018%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.35	0.000%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	+0.009%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.34	−0.004%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.50	+0.067%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0090%	1h	227.37	+0.010%	$484K	$227K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.150%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.35	0.000%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.070%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.33	−0.009%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.49	+0.062%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.39	+0.018%	$49K	$1.5M	10x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.65	+0.132%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0176%	1h	227.53	+0.078%	$2.1M	$3.3M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.08	+0.321%	$73K	$137	30x	as long as short
Arcus NVDA-USDlong	+0.0305%	1h	227.35	long leg	$400K	$723K	20x
edgeX NVDAUSDC	+0.0745%	4h	227.50	+0.068%	$170K	$1.9M	20x	as long as short