Funding arb · Price arb / RWA

NVDA

RWAAll NVDA markets →

LONGAvantis▾Gate 0.0000%SunX 0.0000%Deribit 0.0000%HTX 0.0000%Nado +0.0015%Injective +0.0017%Lighter +0.0032%Extended +0.0032%Aftermath Perps +0.0044%Vest Markets +0.0046%SoDEX +0.0050%Ondo Perps +0.0050%Popdex +0.0072%QFEX +0.0074%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Polymarket Perps +0.0103%BingX +0.0126%Aevo +0.0144%Lighter RH +0.0152%GRVT +0.0154%OKX +0.0158%RISEx +0.0160%Aster +0.0167%Variational Omni +0.0187%tradeXYZ +0.0195%Bybit +0.0208%Avantis +0.0225%MEXC +0.0251%Binance +0.0252%BloFin +0.0278%Bitget +0.0279%Coinbase International +0.0320%Phoenix +0.0349%edgeX +0.0356%KuCoin +0.0436%Arcus +0.0852%

⇄⇅

SHORTPhemex▾Arcus +0.0852%KuCoin +0.0436%edgeX +0.0356%Phoenix +0.0349%Coinbase International +0.0320%Bitget +0.0279%BloFin +0.0278%Binance +0.0252%MEXC +0.0251%Bybit +0.0208%tradeXYZ +0.0195%Variational Omni +0.0187%Aster +0.0167%RISEx +0.0160%OKX +0.0158%GRVT +0.0154%Lighter RH +0.0152%Aevo +0.0144%BingX +0.0126%Polymarket Perps +0.0103%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%QFEX +0.0074%Popdex +0.0072%Ondo Perps +0.0050%SoDEX +0.0050%Vest Markets +0.0046%Aftermath Perps +0.0044%Lighter +0.0032%Extended +0.0032%Injective +0.0017%Nado +0.0015%Gate 0.0000%SunX 0.0000%Deribit 0.0000%HTX 0.0000%Phemex 0.0000%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AvantisNVDA/USD	229.57	L +0.0225S −0.0239	pay 0.0028% / 1h	16m 46s	$81K	—	25x	Long Avantis
SHORT	PhemexNVDAUSDT2	229.58	0	0.0000% / 4h	1h 16m	$2.2M	$39K	10x	Short Phemex

Price gap+0.007%

Funding gap−0.0225% /8h

Funding costs $7 a day on $10k at the current rate. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.121% in total, about −0.0058%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now+0.007%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

AvantisPhemex

NVDA on 39 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

• i
  Note: Order book unknown—

  No order-book sample for Avantis: its slippage is not counted.
• i
  Note: Margin at max leverage$400 + $1,000

  Avantis 25x, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 4h

  Payments land at different times. Close right after the slower leg pays.

  Long Avantis · 1h−$6.76

  Short Phemex · 4h$0.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$6.76Long Avantis: 24 payments, −$6.76; short Phemex: 6 payments, $0.00.
• i
  Note: No 7-day spread history+0.007%

  The gap cannot be compared with its average yet.
• !
  Watch: Long leg is thinner$81K vs $2.2M OI

  Avantis sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legAvantis Season 3

  Volume here counts toward the points program.
• !
  Watch: KYCAvantis No · Phemex Yes

  KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0058%/8h × 21 periods−$12.08

Price spread+0.007% → 0+$0.65

Slippage, 4 ordersno data for Avantis—

Fee Avantis bp × 2 orders−$9.00

Fee Phemex bp × 2 orders−$12.00

Net, fees only · 7 days · $10k−$32.43

Costs to cover0.210%Break-evennever at this rate

Slippage: Avantis: no order-book sample; Phemex: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGAvantis—————

SELL · SHORTPhemex1.5320.9 bp−$21115.8 bp−$1,158doesn’t fitdoesn’t fit

Closing costs about the same again.
Avantis: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

NVDA news

posts that mention NVDA or Nvidia, from every exchangeSearch all news →

09-30 18:40	Hotstuff	Listing	NVDA-PERP no longer reported ($NVDA) seen by our collector
09-30 14:00	Injective	Token	The Injective Stockdrop is live! The $INJ Community BuyBack is complete, burning over 7.2 million INJ to date. Today, for the first time ever, participants can also earn tokenized stocks. Check the Injective Hub to see if you got lucky and claim your reward, from Nvidia to Meta and more. More stock drops are coming for loyal $INJ BuyBack users. Check back next month for another shot. Burn $INJ. Earn onchain stocks. Repeat. @injective on X ↗
09-30 03:58	HTX	Token	10 trades. 3 alpha setups 👀 $ETH → ETF flows strong despite the chop $NVDA → Added $150B stock buyback plan $MU → Memory cycle heats up, earnings tonight which one has your eyes? Trade TradFi 24/7 on @HTXFutures @HTX_Global on X ↗
09-29 12:01	Arcus	Token	➔ $150B buyback authorisation ➔ $NVDA trending ➔ third most traded stock on arcus perps in the last 24h (the news broke before the open) @arcus_xyz on X ↗
09-29 11:07	RISEx	Points	Micron reports after the US close on September 30. The entire memory trades will take its cue from that print. For the next two weeks, these three get a 20% boost on points: $MU $SKHYNIX $NVDA Trade Memory Week on RISEx @risextrade on X ↗
09-29 10:03	Bybit	Other	🚀 6 new tickers just landed, bringing Bybit Perp Options to 8 powerhouse assets! Trade Perp Options on SPCX, NVDA, TSLA, SKHY, MU, QQQ, SNDK & SOXL, and join the Wall Street Blue-Chip Options Challenge. 🏆 70K USDT in prizes up for grabs. @Bybit_Official on X ↗