Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h −0.015%

Price spread now: tradeXYZ against Binance−0.058%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.058%, 7d avg −0.087%

Together, before fees−0.039%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.028% dearer against Binance than usual: you sell high and buy low (spread −0.058% now, against its 7-day average of −0.087%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	226.71	0.0085	pay 0.0085% / 8h	1h 17m	$154.5M	$218.2M	50x
Short	tradeXYZ xyz:NVDA	226.58	0.0050	get 0.0006% / 1h	17m 28s	$147.2M	$43.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$7.4
Price spread: −0.058% → −0.087%: $2.85
Slippage, 4 orders: −$1.6
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$34.15
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; tradeXYZ: live order book, 12 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, 11 min ago	0.22 bp	5.2 bp −$5	6.8 bp −$68	18.0 bp −$1,800	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.22 bp	9.5 bp −$10	11.1 bp −$111	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
Hotstuff NVDA-PERP	−0.0032%	1h	226.56	−0.067%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	226.56	−0.068%	$482K	$530K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.66	−0.023%	$12.4M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.69	−0.010%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.65	−0.028%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.73	+0.008%	$15.3M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.64	−0.032%	$21K	$420K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.29	−0.186%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.60	−0.050%	$198K	$450K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.78	+0.030%	$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	+0.0013%	1h	226.37	−0.152%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0017%	8h	226.62	−0.043%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.59	−0.054%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.77	+0.025%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	226.58	−0.058%	$147.2M	$43.4M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	226.61	−0.045%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.54	−0.076%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.50	−0.094%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.63	−0.036%	$1.3M	$9.1M	10x	as long as short
edgeX NVDAUSDC	+0.0070%	4h	226.59	−0.053%	$170K	$1.9M	20x	as long as short
Binance NVDAUSDTlong	+0.0085%	8h	226.71	long leg	$154.5M	$218.2M	50x
Lighter NVDA	+0.0088%	1h	226.68	−0.014%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.52	−0.086%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.60	−0.050%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.46	−0.111%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.67	−0.019%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.67	−0.019%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.54	−0.076%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.186%	$1.3M	$724K	10x	as long as short
Nado NVDA-PERP	+0.0119%	1h	226.55	−0.072%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.81	+0.043%	$5.1M	$7.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0147%	1h	226.62	−0.041%	$52K	$1.8M	10x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	226.60	−0.050%	$712K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.074%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USD	+0.0376%	1h	226.47	−0.107%	$627K	$838K	10x	as long as short