Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.015%

Price spread now: Deribit against BloFin−0.018%7-day average −0.036% · 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−$24as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.027%+$3 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now −0.018%, 7d avg −0.036%

Together, before fees+0.035%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NVDA-USDT	227.49	0.0064	pay 0.0064% / 8h	1h 20m	$715K	$204K	20x
Short	Deribit NVDA_USDC-PERPETUAL	227.45	0.0146	get 0.0018% / 1h	20m 58s	$49K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.018%Rate

Funding earned: $17.26
Price spread: −0.018% → −0.036%: $1.89
Slippage, 4 orders: −$7.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$7
Costs to cover: 0.261%
Break-even: 9.8 days

Slippage from BloFin: live order book, 61 min ago; Deribit: live order book, 3 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, 61 min ago	0.22 bp	6.2 bp −$6	7.3 bp −$73	14.6 bp −$1,457	doesn't fit
Sell Deribit live order book, 3 min ago	0.22 bp	9.4 bp −$9	11.7 bp −$117	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	227.49	0.000%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.56	+0.031%	$12.7M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.49	0.000%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.49	0.000%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.50	+0.003%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.54	+0.020%	$20K	$435K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.10	−0.171%	$3K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.52	+0.013%	$198K	$528K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.55	+0.026%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.50	+0.005%	$118K	$54K	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	+0.0016%	8h	227.58	+0.040%	$156.3M	$220.7M	50x	as long as short
edgeX NVDAUSDC	+0.0025%	4h	227.47	−0.007%	$170K	$1.9M	20x	as long as short
Bitget NVDAUSDT	+0.0025%	8h	227.59	+0.044%	$15.6M	$17.7M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.34	−0.064%	$536K	$445K	10x	as long as short
Hotstuff NVDA-PERP	+0.0032%	1h	227.37	−0.053%	$35K	—	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.51	+0.009%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.58	+0.040%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.39	−0.044%	$147.4M	$49.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.41	−0.035%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.39	−0.044%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.28	−0.092%	$1.6M	$2.1M	15x	as long as short
BloFin NVDA-USDTlong	+0.0064%	8h	227.49	long leg	$715K	$204K	20x
Phoenix NVDA	+0.0070%	1h	227.42	−0.031%	$94K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.52	+0.015%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0092%	1h	227.38	−0.049%	$484K	$227K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.211%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.35	−0.062%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.58	+0.040%	$1.6M	$753K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.34	−0.066%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.51	+0.009%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0146%	1h	227.45	−0.018%	$49K	$1.4M	10x
Lighter RH NVDA	+0.0160%	1h	227.68	+0.084%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0184%	1h	227.57	+0.035%	$2.1M	$3.3M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.08	+0.259%	$73K	$137	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.36	−0.057%	$400K	$723K	20x	as long as short