Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h −0.003%

Price spread now: Pacifica against Binance−0.066%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

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

costs, in and out, $10k−$290.285% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 2 days (all we have)−0.052%−$5 · spread now −0.066%, 7d avg −0.074%

Together, before fees−0.062%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.074%, 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	Binance NVDAUSDT	227.89	0.0070	pay 0.0070% / 8h	7h 14m	$156.5M	$217.3M	50x
Short	Pacifica NVDA	227.74	0.0100	get 0.0013% / 1h	14m 40s	$299K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.066%Rate

Funding earned: $6.39
Price spread: −0.066% → −0.074%: $0.8
Slippage, 4 orders: −$10.53
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$21.34
Costs to cover: 0.285%
Break-even: 30.4 days

Slippage from Binance: live order book, 14 min ago; Pacifica: live order book, 59 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, 14 min ago	0.22 bp	5.2 bp −$5	6.2 bp −$62	17.5 bp −$1,748	doesn't fit
Sell Pacifica live order book, 59 min ago	1.76 bp	8.1 bp −$8	doesn't fit	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	227.69	−0.089%	$483K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.88	−0.004%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.89	0.000%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.81	−0.035%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.87	−0.009%	$3.5M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.51	−0.167%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.88	−0.004%	$198K	$510K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	228.01	+0.053%	$2.2M	$42K	10x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.73	−0.070%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.68	−0.092%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.70	−0.083%	$524K	$473K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.73	−0.070%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.85	−0.018%	$1.6M	$11.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.96	+0.031%	—	$74K	25x	as long as short
Bitget NVDAUSDT	+0.0048%	8h	227.93	+0.018%	$15.5M	$16.9M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.73	−0.070%	$147.9M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.85	−0.018%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.77	−0.053%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.63	−0.114%	$1.5M	$2.1M	15x	as long as short
Binance NVDAUSDTlong	+0.0070%	8h	227.89	long leg	$156.5M	$217.3M	50x
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.189%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0087%	1h	227.76	−0.057%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.89	+0.001%	—	—	10x	as long as short
Pacifica NVDAshort	+0.0100%	1h	227.74	−0.066%	$299K	$60K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.70	−0.083%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.89	0.000%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.76	−0.057%	$94K	$112K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0129%	8h	227.90	+0.007%	$20K	$393K	10x	as long as short
KuCoin NVDAUSDTM	+0.0140%	8h	227.90	+0.004%	$1.6M	$735K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.91	+0.008%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.04	+0.066%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0189%	8h	227.94	+0.022%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.36	+0.206%	$73K	$139	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0233%	1h	227.84	−0.022%	$49K	$1.5M	10x	as long as short
edgeX NVDAUSDC	+0.0528%	4h	227.89	+0.002%	$170K	$1.9M	20x	as long as short