Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.007%

Price spread now: Polymarket Perps against Binance−0.026%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 2 days (all we have)−0.146%−$15 · spread now −0.026%, 7d avg −0.052%

Together, before fees−0.238%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.025% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.052%. Mind the row above: over the last 7 days funding on this pair cost −0.092%, 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	227.17	0.0002	pay 0.0002% / 8h	2h 24m	$156.2M	$220.6M	50x
Short	Polymarket Perps NVDA-USD	227.11	0.0050	get 0.0006% / 1h	24m 10s	$390K	$235K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.026%Rate

Funding earned: $10.11
Price spread: −0.026% → −0.052%: $2.52
Slippage, 4 orders: −$6.03
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$11.41
Costs to cover: 0.240%
Break-even: 14.9 days

Slippage from Binance: live order book, 4 min ago; Polymarket Perps: live order book, 63 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	7.2 bp −$72	18.7 bp −$1,869	doesn't fit
Sell Polymarket Perps live order book, 63 min ago	1.32 bp	6.6 bp −$7	8.6 bp −$86	10.1 bp −$1,006	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	227.08	−0.042%	$473K	$550K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.12	−0.022%	$12.7M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.15	−0.009%	$14.4M	$21.2M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.00	−0.075%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.10	−0.031%	$7.2M	$9.4M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.19	+0.008%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.18	+0.003%	$21K	$468K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.82	−0.154%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.12	−0.022%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.20	+0.013%	$202K	$528K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.17	0.000%	$2.2M	$41K	10x	as long as short
Binance NVDAUSDTlong	+0.0002%	8h	227.17	long leg	$156.2M	$220.6M	50x
BloFin NVDA-USDT	+0.0011%	8h	227.19	+0.009%	$713K	$205K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.08	−0.041%	$118K	$54K	10x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.14	−0.013%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.28	+0.048%	$4.9M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.03	−0.062%	$522K	$407K	10x	as long as short
Nado NVDA-PERP	+0.0045%	1h	227.04	−0.058%	$487K	$223K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.29	+0.053%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.02	−0.066%	$147.1M	$50.2M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	227.11	−0.026%	$390K	$235K	10x
SoDEX NVDA-USD	+0.0050%	1h	227.03	−0.062%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.96	−0.092%	$1.6M	$2.1M	15x	as long as short
Bitget NVDAUSDT	+0.0062%	8h	227.17	0.000%	$15.5M	$18.3M	100x	as long as short
Phoenix NVDA	+0.0070%	1h	227.09	−0.035%	$93K	$112K	20x	as long as short
Lighter NVDA	+0.0072%	1h	227.19	+0.008%	$2.1M	$3.3M	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.14	−0.014%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.03	−0.063%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.16	−0.004%	$1.6M	$752K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.11	−0.026%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.12	−0.022%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	227.01	−0.070%	$1.3M	$911K	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.48	+0.136%	$73K	$136	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.15	−0.009%	$395K	$683K	20x	as long as short
edgeX NVDAUSDC	+0.0879%	4h	227.19	+0.009%	$170K	$1.9M	20x	as long as short