Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.016%

Price spread now: Polymarket Perps against BloFin−0.018%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

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

costs, in and out, $10k−$240.237% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.212%−$21 on $10k

Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.018%, 7d avg −0.045%

Together, before fees−0.122%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.028% dearer against BloFin than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.045%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours.

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 11m	$714K	$205K	20x
Short	Polymarket Perps NVDA-USD	227.03	0.0050	get 0.0006% / 1h	11m 16s	$400K	$261K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$14.7
Price spread: −0.018% → −0.045%: $2.78
Slippage, 4 orders: −$3.69
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$35.6
Costs to cover: 0.237%
Break-even: never at this rate

Slippage from BloFin: live order book, 10 min ago; Polymarket Perps: live order book, 11 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, 10 min ago	0.22 bp	6.2 bp −$6	7.3 bp −$73	14.6 bp −$1,457	doesn't fit
Sell Polymarket Perps live order book, 11 min ago	1.32 bp	5.3 bp −$5	7.3 bp −$73	19.8 bp −$1,980	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
Hotstuff NVDA-PERP	−0.0032%	1h	226.93	−0.062%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	226.99	−0.034%	$473K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.07	+0.001%	$156.1M	$220.8M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.01	−0.026%	$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	227.02	−0.022%	$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	227.11	+0.017%	$21K	$468K	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	227.01	−0.026%	$49K	$1.5M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NVDA-USDT	0.0000%	8h	227.13	+0.026%	$202K	$527K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.10	+0.013%	$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	227.18	+0.048%	$4.9M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.90	−0.075%	$522K	$409K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.19	+0.053%	—	$73K	25x	as long as short
Nado NVDA-PERP	+0.0047%	1h	226.92	−0.064%	$487K	$226K	20x	as long as short
Bitget NVDAUSDT	+0.0047%	8h	227.06	−0.004%	$15.6M	$18.3M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.91	−0.070%	$147.0M	$50.3M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	227.03	−0.018%	$400K	$261K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.92	−0.066%	$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	227.05	−0.009%	—	—	10x	as long as short
Lighter NVDA	+0.0088%	1h	227.08	+0.005%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.91	−0.071%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.09	+0.009%	$1.6M	$753K	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	227.03	−0.018%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	227.01	−0.026%	$1.3M	$911K	10x	as long as short
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	227.03	−0.018%	$384K	$695K	20x	as long as short
edgeX NVDAUSDC	+0.0820%	4h	227.14	+0.031%	$170K	$1.9M	20x	as long as short