Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0184%/8h= +20.2% APRpaid last 24h +0.037%

Price spread now: Injective against Binance+0.088%107s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.191%+$19 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 0.088% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	227.47	0.0036	pay 0.0036% / 8h	1m 28s	$156.3M	$219.3M	50x
Short	Injective NVDA/USDC PERP	227.67	0.0220	get 0.0028% / 1h	1m 28s	$73K	$140	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.088%Rate

Funding earned: $38.67
Price spread: +0.088% → 0.000%: $8.83
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $37.49
Costs to cover: 0.100%
Break-even: 0.2 days

Slippage unknown: Binance: live order book, 12 min ago; Injective: no order-book sample. Net counts fees only.

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, 12 min ago	0.22 bp	5.2 bp −$5	6.1 bp −$61	15.7 bp −$1,569	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	227.48	+0.007%	$482K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.45	−0.008%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.45	−0.008%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.40	−0.030%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.52	+0.024%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.55	+0.033%	$20K	$405K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.98	−0.215%	$3K	$3.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.38	−0.039%	$49K	$1.4M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.53	+0.027%	$197K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.53	+0.027%	$2.2M	$42K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0016%	1h	227.35	−0.050%	$118K	$56K	10x	as long as short
Bitget NVDAUSDT	+0.0020%	8h	227.45	−0.008%	$15.5M	$17.4M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.33	−0.061%	$535K	$447K	10x	as long as short
Binance NVDAUSDTlong	+0.0036%	8h	227.47	long leg	$156.3M	$219.3M	50x
Vest NVDA-USD-PERP	+0.0046%	1h	227.53	+0.027%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.33	−0.061%	$147.8M	$48.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.42	−0.022%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.33	−0.061%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.21	−0.114%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0058%	1h	227.36	−0.048%	$484K	$229K	20x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.42	−0.022%	$1.6M	$11.5M	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.44	−0.015%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.202%	$1.3M	$839K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	−0.069%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.37	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.42	−0.022%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.38	−0.039%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0112%	8h	227.52	+0.022%	$1.6M	$742K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.28	−0.083%	$399K	$724K	20x	as long as short
Hotstuff NVDA-PERP	+0.0128%	1h	227.30	−0.074%	$35K	—	20x	as long as short
BloFin NVDA-USDT	+0.0148%	8h	227.46	−0.004%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.48	+0.006%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	227.61	+0.062%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERPshort	+0.0220%	1h	227.67	+0.088%	$73K	$140	30x
edgeX NVDAUSDC	+0.0312%	4h	227.49	+0.009%	$171K	$1.9M	20x	as long as short