Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.027%

Price spread now: Gate against Arcus+0.066%7-day average +0.073% · 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−$38as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.159%−$16 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.066%, 7d avg +0.073%

Together, before fees−0.163%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	227.73	0.0040	pay 0.0005% / 1h	13m 14s	$400K	$724K	20x
Short	Gate NVDA_USDT	227.88	0	get 0.0000% / 8h	7h 13m	$7.2M	$9.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.066%Rate

Funding earned: −$8.46
Price spread: +0.066% → +0.073%: −$0.76
Slippage, 4 orders: −$17.25
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.97
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Arcus: live order book, 61 min ago; Gate: 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 Arcus live order book, 61 min ago	1.10 bp	9.5 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.22 bp	12.4 bp −$12	23.3 bp −$233	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
Aster NVDAUSDT	0.0000%	8h	227.71	−0.007%	$483K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.96	+0.101%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.89	+0.070%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDTshort	0.0000%	8h	227.88	+0.066%	$7.2M	$9.7M	100x
Variational Omni NVDA	0.0000%	8h	227.87	+0.061%	$3.5M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.48	−0.110%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.88	+0.066%	$198K	$509K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.96	+0.101%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.69	−0.018%	$118K	$55K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.74	+0.002%	$524K	$471K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USDlong	+0.0040%	1h	227.73	long leg	$400K	$724K	20x
QFEX NVDA-USD	+0.0042%	1h	227.86	+0.057%	$1.6M	$11.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.98	+0.110%	—	$74K	25x	as long as short
Bitget NVDAUSDT	+0.0048%	8h	227.95	+0.097%	$15.5M	$16.9M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.77	+0.018%	$147.9M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.86	+0.057%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.76	+0.013%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.63	−0.044%	$1.5M	$2.1M	15x	as long as short
Binance NVDAUSDT	+0.0072%	8h	227.98	+0.110%	$156.6M	$217.3M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.119%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0088%	1h	227.78	+0.022%	$484K	$229K	20x	as long as short
Hotstuff NVDA-PERP	+0.0096%	1h	227.75	+0.009%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.90	+0.073%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.74	+0.003%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.71	−0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.92	+0.083%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0101%	1h	227.87	+0.061%	$49K	$1.5M	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.76	+0.013%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0140%	8h	227.91	+0.079%	$1.6M	$735K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.99	+0.113%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.10	+0.162%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0153%	8h	227.91	+0.079%	$20K	$393K	10x	as long as short
BloFin NVDA-USDT	+0.0192%	8h	227.96	+0.101%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.36	+0.277%	$73K	$139	30x	as long as short
edgeX NVDAUSDC	+0.0997%	4h	227.90	+0.076%	$170K	$1.9M	20x	as long as short