Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0014%/8h= +1.6% APRpaid last 24h −0.023%

Price spread now: Extended against Binance−0.103%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 2 days (all we have)−0.037%−$4 · spread now −0.103%, 7d avg −0.096%

Together, before fees−0.122%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.096%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	227.89	0.0082	pay 0.0082% / 8h	6h 26m	$156.4M	$216.0M	50x
Short	Extended NVDA_24_5-USD	227.66	0.0096	get 0.0012% / 1h	26m 13s	$689K	$714K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.103%Rate

Funding earned: $3
Price spread: −0.103% → −0.096%: −$0.66
Slippage, 4 orders: −$5.66
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$18.31
Costs to cover: 0.207%
Break-even: 49.7 days

Slippage from Binance: live order book, 2 min ago; Extended: live order book, 41 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, 2 min ago	0.22 bp	5.2 bp −$5	6.0 bp −$60	17.6 bp −$1,763	doesn't fit
Sell Extended live order book, 41 min ago	0.44 bp	4.3 bp −$4	50.2 bp −$502	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	−0.040%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.86	−0.015%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.87	−0.010%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.78	−0.050%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.91	+0.007%	$15.4M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.35	−0.239%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.96	+0.029%	$198K	$496K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.94	+0.020%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.61	−0.123%	$118K	$54K	10x	as long as short
Variational Omni NVDA	+0.0018%	8h	227.89	−0.003%	$3.5M	$2.0M	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0021%	8h	227.79	−0.043%	$20K	$385K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.67	−0.098%	$400K	$723K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.81	−0.037%	$1.4M	$10.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.93	+0.016%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.72	−0.076%	$148.1M	$44.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.78	−0.050%	$402K	$280K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.70	−0.085%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.56	−0.146%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.67	−0.098%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.190%	$1.3M	$787K	10x	as long as short
Nado NVDA-PERP	+0.0078%	1h	227.69	−0.089%	$484K	$230K	20x	as long as short
Binance NVDAUSDTlong	+0.0082%	8h	227.89	long leg	$156.4M	$216.0M	50x
Extended NVDA_24_5-USDshort	+0.0096%	1h	227.66	−0.103%	$689K	$714K	10x
Pacifica NVDA	+0.0100%	1h	227.66	−0.103%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.65	−0.107%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.85	−0.019%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.84	−0.022%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.74	−0.067%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.87	−0.010%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.84	−0.024%	$1.6M	$738K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	228.01	+0.051%	$5.1M	$7.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0145%	1h	227.80	−0.041%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.97	+0.034%	$73K	$137	30x	as long as short
edgeX NVDAUSDC	+0.0796%	4h	227.88	−0.005%	$170K	$1.9M	20x	as long as short