Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: GRVT against Bybit+0.066%80s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.253% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.066%, 7d avg +0.004%

Together, before fees−0.071%+ Points / potential airdropGRVT: Active · farm board−$7 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: GRVT is 0.063% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 80 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	Bybit NVDAUSDT	226.53	0	get 0.0000% / 8h	2h 16m	$12.5M	$15.0M	100x
Short	GRVT NVDA_USDT_Perp	226.68	0	get 0.0000% / 8h	2h 16m	$21K	$417K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bybit. 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 BybitbpFee GRVTbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.004%: $6.27
Slippage, 4 orders: −$5.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$19.07
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; GRVT: live order book, 31 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 Bybit live order book, 2 min ago	0.22 bp	6.1 bp −$6	9.3 bp −$93	62.9 bp −$6,290	doesn't fit
Sell GRVT live order book, 32 min ago	1.10 bp	6.9 bp −$7	9.2 bp −$92	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	226.62	+0.038%	$482K	$571K	20x	as long as short
Bybit NVDAUSDTlong	0.0000%	8h	226.53	long leg	$12.5M	$15.0M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.55	+0.009%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.54	+0.004%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.64	+0.049%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perpshort	0.0000%	8h	226.68	+0.066%	$21K	$417K	10x
SunX NVDA-USDT	0.0000%	8h	226.26	−0.119%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.47	−0.026%	$198K	$458K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.72	+0.084%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0006%	8h	226.43	−0.046%	$3.6M	$2.1M	—	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	+0.0012%	1h	226.44	−0.039%	$117K	$52K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.56	+0.013%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.53	0.000%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.71	+0.079%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.42	−0.049%	$147.1M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.52	−0.004%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.43	−0.044%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.19	−0.150%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.49	−0.018%	$53K	$1.8M	10x	as long as short
Lighter NVDA	+0.0064%	1h	226.56	+0.011%	$2.1M	$3.4M	20x	as long as short
Nado NVDA-PERP	+0.0081%	1h	226.49	−0.017%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0082%	8h	226.57	+0.019%	$154.4M	$218.6M	50x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	226.45	−0.035%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.46	−0.031%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.54	+0.004%	$1.6M	$741K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.51	−0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.56	+0.013%	$36K	$21K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	226.67	+0.062%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.57	+0.016%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.57	+0.018%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.106%	$1.3M	$789K	10x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	226.62	+0.040%	$714K	$193K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.155%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	226.36	−0.075%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0461%	4h	226.45	−0.036%	$170K	$1.9M	20x	as long as short