Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.033%

Price spread now: Extended against BloFin−0.079%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

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

costs, in and out, $10k−$250.249% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.194%−$19 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.079%, 7d avg −0.055%

Together, before fees−0.084%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.024% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NVDA-USDT	227.26	0.0222	pay 0.0222% / 8h	3h 29m	$720K	$201K	20x
Short	Extended NVDA_24_5-USD	227.08	0.0192	get 0.0024% / 1h	29m 15s	$672K	$780K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$6.3
Price spread: −0.079% → −0.055%: −$2.38
Slippage, 4 orders: −$7.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$33.58
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from BloFin: live order book, 67 min ago; Extended: live order book, 24 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, 67 min ago	0.22 bp	6.2 bp −$6	6.5 bp −$65	12.4 bp −$1,245	doesn't fit
Sell Extended live order book, 24 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	227.23	−0.013%	$12.6M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.22	−0.018%	$14.3M	$20.4M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.12	−0.062%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.19	−0.031%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.27	+0.004%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.26	0.000%	$20K	$394K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.86	−0.176%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.15	−0.048%	$49K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.28	+0.009%	$197K	$463K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.35	+0.040%	$2.2M	$43K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0011%	1h	227.08	−0.080%	$118K	$53K	10x	as long as short
Aster NVDAUSDT	+0.0015%	8h	227.18	−0.035%	$482K	$569K	20x	as long as short
Lighter NVDA	+0.0040%	1h	227.22	−0.019%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.14	−0.053%	$399K	$738K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.24	−0.009%	$1.3M	$9.1M	10x	as long as short
Variational Omni NVDA	+0.0043%	8h	227.27	+0.002%	$3.6M	$2.2M	—	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.36	+0.044%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.11	−0.066%	$147.6M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.19	−0.031%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.14	−0.053%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.99	−0.119%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0058%	1h	227.16	−0.042%	$483K	$227K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.16	−0.044%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.14	−0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.21	−0.022%	$36K	$21K	20x	as long as short
KuCoin NVDAUSDTM	+0.0101%	8h	227.26	0.000%	$1.6M	$728K	20x	as long as short
Binance NVDAUSDT	+0.0102%	8h	227.24	−0.008%	$155.8M	$216.2M	50x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.23	−0.015%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.11	−0.066%	$1.3M	$782K	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.38	+0.053%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.19	−0.031%	$93K	$112K	20x	as long as short
Extended NVDA_24_5-USDshort	+0.0192%	1h	227.08	−0.079%	$672K	$780K	10x
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.154%	$73K	$137	30x	as long as short
BloFin NVDA-USDTlong	+0.0222%	8h	227.26	long leg	$720K	$201K	20x
edgeX NVDAUSDC	+0.0750%	4h	227.21	−0.020%	$170K	$1.9M	20x	as long as short