Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h −0.006%

Price spread now: Extended against Bitget−0.073%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

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

costs, in and out, $10k−$270.268% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.073%, 7d avg −0.073%

Together, before fees+0.018%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NVDAUSDT	226.87	0	get 0.0000% / 8h	3h 10m	$15.4M	$16.4M	100x
Short	Extended NVDA_24_5-USD	226.70	0.0224	get 0.0028% / 1h	10m 37s	$672K	$765K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.073%Rate

Funding earned: $47.04
Price spread: −0.073% → −0.073%: $0.06
Slippage, 4 orders: −$9.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $20.35
Costs to cover: 0.268%
Break-even: 4.0 days

Slippage from Bitget: live order book, 3 min ago; Extended: live order book, 42 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	7.1 bp −$7	9.7 bp −$97	25.6 bp −$2,561	doesn't fit
Sell Extended live order book, 42 min ago	0.66 bp	6.7 bp −$7	26.1 bp −$261	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	226.80	−0.031%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.79	−0.035%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.79	−0.035%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDTlong	0.0000%	8h	226.87	long leg	$15.4M	$16.4M	100x
GRVT NVDA_USDT_Perp	0.0000%	8h	226.91	+0.018%	$21K	$403K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.39	−0.212%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.87	0.000%	$198K	$466K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.18	+0.137%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	226.84	−0.013%	$482K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	226.78	−0.042%	$117K	$53K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0022%	8h	226.80	−0.030%	$3.6M	$2.2M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.80	−0.031%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.79	−0.035%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.83	−0.018%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.90	+0.013%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.69	−0.079%	$147.3M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.77	−0.044%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.67	−0.088%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.75	−0.053%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	226.70	−0.075%	$35K	—	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.76	−0.048%	$49K	$1.7M	10x	as long as short
Nado NVDA-PERP	+0.0060%	1h	226.69	−0.081%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0089%	8h	226.85	−0.009%	$155.3M	$216.6M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.74	−0.057%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.84	−0.013%	$1.6M	$731K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.74	−0.057%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.78	−0.040%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.79	−0.033%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.66	−0.093%	$1.3M	$781K	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	226.97	+0.044%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	226.88	+0.004%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0210%	8h	226.85	−0.009%	$720K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.32	+0.198%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USDshort	+0.0224%	1h	226.70	−0.073%	$672K	$765K	10x
edgeX NVDAUSDC	+0.0271%	4h	226.93	+0.028%	$170K	$1.9M	20x	as long as short