Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0188%/8h= −20.5% APRpaid last 24h −0.038%

Price spread now: SoDEX against BloFin−0.088%56s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SoDEX is 0.088% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NVDA-USDT	227.68	0.0238	pay 0.0238% / 8h	4h 15m	$722K	$201K	20x
Short	SoDEX NVDA-USD	227.48	0.0050	get 0.0006% / 1h	15m 30s	$58K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$39.4
Price spread: −0.088% → 0.000%: −$8.78
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$68.19
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 21 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 21 min ago	0.22 bp	6.2 bp −$6	6.5 bp −$65	12.4 bp −$1,245	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	227.57	−0.048%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	−0.057%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.53	−0.066%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.66	−0.009%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.32	−0.158%	$1K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	−0.018%	$198K	$469K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.66	−0.009%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.64	−0.019%	$118K	$54K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0025%	8h	227.66	−0.009%	$20K	$390K	10x	as long as short
Aster NVDAUSDT	+0.0033%	8h	227.61	−0.029%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.58	−0.044%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.76	+0.035%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.44	−0.105%	$147.8M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.60	−0.035%	$401K	$276K	10x	as long as short
SoDEX NVDA-USDshort	+0.0050%	1h	227.48	−0.088%	$58K	$19K	10x
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.136%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.52	−0.070%	$1.3M	$9.2M	10x	as long as short
Variational Omni NVDA	+0.0062%	8h	227.60	−0.037%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0072%	1h	227.47	−0.092%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0080%	1h	227.56	−0.054%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.46	−0.097%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.083%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.59	−0.040%	$36K	$21K	20x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	227.44	−0.105%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.066%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.62	−0.025%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0117%	8h	227.59	−0.040%	$156.2M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0131%	8h	227.62	−0.026%	$1.6M	$723K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.68	0.000%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.72	+0.018%	$5.1M	$7.1M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.56	−0.053%	$49K	$1.6M	10x	as long as short
edgeX NVDAUSDC	+0.0161%	4h	227.63	−0.023%	$171K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.101%	$73K	$138	30x	as long as short
BloFin NVDA-USDTlong	+0.0238%	8h	227.68	long leg	$722K	$201K	20x
Extended NVDA_24_5-USD	+0.0384%	1h	227.46	−0.094%	$679K	$743K	10x	as long as short