Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.017%

Price spread now: Deribit against Binance−0.048%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.081%+$8 on $10k

Price spread, last 2 days (all we have)−0.020%−$2 · spread now −0.048%, 7d avg −0.033%

Together, before fees+0.061%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	227.94	0.0083	pay 0.0083% / 8h	6h 23m	$156.4M	$216.0M	50x
Short	Deribit NVDA_USDC-PERPETUAL	227.83	0.0189	get 0.0024% / 1h	23m 58s	$49K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now −0.048%Rate

Funding earned: $22.24
Price spread: −0.048% → −0.033%: −$1.48
Slippage, 4 orders: −$9.34
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$5.57
Costs to cover: 0.263%
Break-even: 8.8 days

Slippage from Binance: live order book, 4 min ago; Deribit: 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 Binance live order book, 4 min ago	0.22 bp	5.2 bp −$5	6.0 bp −$60	17.6 bp −$1,763	doesn't fit
Sell Deribit live order book, 5 min ago	3.95 bp	7.8 bp −$8	8.1 bp −$81	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	227.80	−0.063%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.91	−0.013%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.93	−0.004%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.85	−0.039%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.96	+0.009%	$15.4M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.43	−0.224%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.96	+0.009%	$198K	$496K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.93	−0.004%	$2.2M	$43K	10x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.77	−0.075%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.74	−0.088%	$118K	$54K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0018%	8h	227.89	−0.023%	$3.5M	$2.0M	—	as long as short
GRVT NVDA_USDT_Perp	+0.0019%	8h	227.82	−0.053%	$20K	$386K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.69	−0.110%	$400K	$723K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.89	−0.022%	$1.4M	$10.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.98	+0.018%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.77	−0.075%	$148.2M	$44.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.86	−0.035%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.75	−0.083%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.56	−0.167%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.211%	$1.3M	$786K	10x	as long as short
Nado NVDA-PERP	+0.0080%	1h	227.78	−0.069%	$484K	$230K	20x	as long as short
Binance NVDAUSDTlong	+0.0083%	8h	227.94	long leg	$156.4M	$216.0M	50x
Pacifica NVDA	+0.0100%	1h	227.74	−0.090%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.65	−0.127%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	−0.035%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.89	−0.023%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.77	−0.075%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.91	−0.015%	$2.2M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0128%	1h	227.70	−0.103%	$689K	$714K	10x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.88	−0.026%	$1.6M	$737K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	228.04	+0.044%	$5.1M	$7.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0189%	1h	227.83	−0.048%	$49K	$1.5M	10x
Injective NVDA/USDC PERP	+0.0220%	1h	227.97	+0.013%	$73K	$137	30x	as long as short
edgeX NVDAUSDC	+0.0318%	4h	227.81	−0.056%	$170K	$1.9M	20x	as long as short