Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.014%

Price spread now: Coinbase International against Bitget−0.215%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.215%, 7d avg −0.086%

Together, before fees+0.135%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.129% cheaper against Bitget than usual: you would sell low and buy high (spread −0.215% now, against its 7-day average of −0.086%). If the spread goes back, that is −$13 on $10k: about 13 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NVDAUSDT	227.95	0.0048	pay 0.0048% / 8h	7h 12m	$15.5M	$16.9M	100x
Short	Coinbase International NVDA-PERP-INTX	227.46	0.0080	get 0.0010% / 1h	12m 55s	$1.3M	$800K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.215%Rate

Funding earned: $6.72
Price spread: −0.215% → −0.086%: −$12.91
Slippage, 4 orders: −$9.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$37.59
Costs to cover: 0.314%
Break-even: 46.2 days

Slippage from Bitget: live order book, 1 min ago; Coinbase International: live order book, 1 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 Bitget live order book, 1 min ago	0.22 bp	7.2 bp −$7	10.8 bp −$108	27.0 bp −$2,703	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.63 bp	8.4 bp −$8	10.6 bp −$106	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	227.74	−0.093%	$483K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.94	−0.004%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.89	−0.026%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.88	−0.031%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.87	−0.035%	$3.5M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.48	−0.206%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.88	−0.031%	$198K	$509K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.96	+0.004%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.69	−0.114%	$118K	$55K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.72	−0.101%	$524K	$471K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.73	−0.097%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.86	−0.039%	$1.6M	$11.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.98	+0.013%	—	$74K	25x	as long as short
Bitget NVDAUSDTlong	+0.0048%	8h	227.95	long leg	$15.5M	$16.9M	100x
tradeXYZ xyz:NVDA	+0.0050%	1h	227.77	−0.079%	$147.9M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.86	−0.039%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.76	−0.083%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.63	−0.140%	$1.5M	$2.1M	15x	as long as short
Binance NVDAUSDT	+0.0072%	8h	227.95	0.000%	$156.5M	$217.4M	50x	as long as short
Coinbase International NVDA-PERP-INTXshort	+0.0080%	1h	227.46	−0.215%	$1.3M	$800K	10x
Nado NVDA-PERP	+0.0088%	1h	227.78	−0.075%	$484K	$229K	20x	as long as short
Hotstuff NVDA-PERP	+0.0096%	1h	227.75	−0.088%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.90	−0.024%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.74	−0.093%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.71	−0.105%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.92	−0.013%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0101%	1h	227.87	−0.035%	$49K	$1.5M	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.76	−0.083%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0140%	8h	227.91	−0.018%	$1.6M	$735K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.99	+0.016%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.10	+0.066%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0153%	8h	227.91	−0.017%	$20K	$393K	10x	as long as short
BloFin NVDA-USDT	+0.0192%	8h	227.96	+0.004%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.36	+0.180%	$73K	$139	30x	as long as short
edgeX NVDAUSDC	+0.0997%	4h	227.90	−0.020%	$170K	$1.9M	20x	as long as short