Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h +0.003%

Price spread now: Coinbase International against BloFin−0.026%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 3 days (all we have)+0.015%+$2 · spread now −0.026%, 7d avg −0.064%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.037% dearer against BloFin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NVDA-USDT	227.07	0.0120	pay 0.0120% / 8h	2h 12m	$714K	$205K	20x
Short	Coinbase International NVDA-PERP-INTX	227.01	0.0112	get 0.0014% / 1h	12m 24s	$1.3M	$911K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$1.68
Price spread: −0.026% → −0.064%: $3.73
Slippage, 4 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$25.94
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 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 BloFin live order book, 9 min ago	0.22 bp	6.2 bp −$6	7.3 bp −$73	14.6 bp −$1,457	doesn't fit
Sell Coinbase International live order book, 1 min ago	1.98 bp	7.0 bp −$7	10.7 bp −$107	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	227.01	−0.028%	$473K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.08	+0.004%	$156.1M	$220.8M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.03	−0.018%	$12.6M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.07	0.000%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.04	−0.013%	$7.2M	$9.4M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.15	+0.037%	$3.5M	$2.4M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.18	+0.048%	$21K	$467K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.77	−0.132%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.00	−0.031%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.21	+0.062%	$202K	$527K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.20	+0.057%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.02	−0.022%	$118K	$54K	10x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.05	−0.009%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.20	+0.057%	$4.9M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.93	−0.062%	$522K	$409K	10x	as long as short
Hotstuff NVDA-PERP	+0.0032%	1h	226.93	−0.062%	$35K	—	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.21	+0.062%	—	$73K	25x	as long as short
Nado NVDA-PERP	+0.0046%	1h	226.95	−0.054%	$487K	$226K	20x	as long as short
Bitget NVDAUSDT	+0.0049%	8h	227.06	−0.004%	$15.6M	$18.3M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.95	−0.053%	$147.0M	$50.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.06	−0.004%	$400K	$261K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.93	−0.062%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.84	−0.101%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.01	−0.026%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.06	−0.006%	—	—	10x	as long as short
Lighter NVDA	+0.0088%	1h	227.11	+0.016%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.94	−0.059%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.12	+0.022%	$1.6M	$752K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.06	−0.004%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.04	−0.013%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTXshort	+0.0112%	1h	227.01	−0.026%	$1.3M	$911K	10x
BloFin NVDA-USDTlong	+0.0120%	8h	227.07	long leg	$714K	$205K	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.44	+0.163%	$73K	$137	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.04	−0.013%	$384K	$695K	20x	as long as short
edgeX NVDAUSDC	+0.0820%	4h	227.14	+0.031%	$170K	$1.9M	20x	as long as short