Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.001%

Price spread now: Polymarket Perps against Bitget−0.026%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 7 days−0.046%−$5 · spread now −0.026%, 7d avg −0.092%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.065% dearer against Bitget than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.092%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NVDAUSDT	227.11	0.0071	pay 0.0071% / 8h	2h 33m	$15.5M	$18.3M	100x
Short	Polymarket Perps NVDA-USD	227.05	0.0050	get 0.0006% / 1h	33m 10s	$390K	$235K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$4.41
Price spread: −0.026% → −0.092%: $6.54
Slippage, 4 orders: −$7.59
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$25.46
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Polymarket Perps: live order book, 54 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	6.8 bp −$7	10.2 bp −$102	25.0 bp −$2,496	doesn't fit
Sell Polymarket Perps live order book, 54 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	227.01	−0.045%	$473K	$550K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.06	−0.022%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.08	−0.013%	$14.3M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.06	−0.022%	$7.2M	$9.4M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.07	−0.019%	$3.4M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.08	−0.012%	$21K	$470K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.76	−0.154%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.99	−0.053%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.21	+0.044%	$202K	$529K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.10	−0.004%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0005%	8h	227.09	−0.009%	$156.2M	$220.2M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.97	−0.061%	$118K	$54K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	226.97	−0.062%	$35K	—	20x	as long as short
BloFin NVDA-USDT	+0.0018%	8h	227.11	0.000%	$713K	$205K	20x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.07	−0.018%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.16	+0.022%	$4.8M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.98	−0.058%	$523K	$406K	10x	as long as short
Nado NVDA-PERP	+0.0040%	1h	227.00	−0.048%	$487K	$223K	20x	as long as short
edgeX NVDAUSDC	+0.0045%	4h	227.08	−0.014%	$170K	$1.9M	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.24	+0.057%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.93	−0.079%	$147.0M	$50.2M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	227.05	−0.026%	$390K	$235K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.97	−0.062%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.87	−0.106%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	226.97	−0.062%	$93K	$112K	20x	as long as short
Bitget NVDAUSDTlong	+0.0071%	8h	227.11	long leg	$15.5M	$18.3M	100x
Lighter NVDA	+0.0072%	1h	227.08	−0.015%	$2.1M	$3.3M	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.07	−0.018%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.98	−0.055%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.09	−0.009%	$1.6M	$751K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.96	−0.066%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.04	−0.031%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.95	−0.070%	$1.3M	$909K	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.30	+0.084%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.08	−0.013%	$395K	$683K	20x	as long as short