Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h +0.025%

Price spread now: Deribit against Bitget−0.031%58s7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.279% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now −0.031%, 7d avg −0.054%

Together, before fees+0.005%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.024% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.054%. The two prices were read 58 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	Bitget NVDAUSDT	227.66	0	get 0.0000% / 8h	4h 00m	$15.5M	$16.4M	100x
Short	Deribit NVDA_USDC-PERPETUAL	227.59	0.0058	get 0.0007% / 1h	0m 21s	$49K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.031%Rate

Funding earned: $12.11
Price spread: −0.031% → −0.054%: $2.36
Slippage, 4 orders: −$8.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$13.4
Costs to cover: 0.279%
Break-even: 14.7 days

Slippage from Bitget: live order book, 3 min ago; Deribit: live order book, 4 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, 3 min ago	0.22 bp	6.8 bp −$7	10.2 bp −$102	25.8 bp −$2,582	doesn't fit
Sell Deribit live order book, 4 min ago	3.52 bp	7.3 bp −$7	8.5 bp −$85	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
Bybit NVDAUSDT	0.0000%	8h	227.65	−0.004%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.64	−0.009%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.58	−0.035%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDTlong	0.0000%	8h	227.66	long leg	$15.5M	$16.4M	100x
SunX NVDA-USDT	0.0000%	8h	227.28	−0.167%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.72	+0.026%	$198K	$467K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.65	−0.004%	$2.2M	$43K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0002%	8h	227.59	−0.031%	$20K	$390K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.45	−0.090%	$118K	$53K	10x	as long as short
Aster NVDAUSDT	+0.0027%	8h	227.67	+0.004%	$483K	$590K	20x	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	227.55	−0.048%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.76	+0.044%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.53	−0.057%	$147.9M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.61	−0.022%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.51	−0.066%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.34	−0.141%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.61	−0.022%	$1.3M	$9.2M	10x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0058%	1h	227.59	−0.031%	$49K	$1.6M	10x
Variational Omni NVDA	+0.0060%	8h	227.67	+0.002%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0064%	1h	227.55	−0.047%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0072%	1h	227.64	−0.010%	$2.2M	$3.3M	20x	as long as short
Hotstuff NVDA-PERP	+0.0096%	1h	227.47	−0.083%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.52	−0.063%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.075%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.63	−0.013%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.057%	$1.3M	$775K	10x	as long as short
Binance NVDAUSDT	+0.0111%	8h	227.65	−0.004%	$156.1M	$215.9M	50x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.64	−0.010%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0122%	8h	227.64	−0.009%	$1.6M	$723K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.79	+0.057%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.57	−0.040%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.92	+0.114%	$73K	$140	30x	as long as short
BloFin NVDA-USDT	+0.0232%	8h	227.61	−0.022%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0288%	1h	227.50	−0.070%	$672K	$760K	10x	as long as short
edgeX NVDAUSDC	+0.0616%	4h	227.58	−0.037%	$171K	$1.9M	20x	as long as short