Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.064%

Price spread now: Injective against Bybit+0.079%48s7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.351%+$35 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.079% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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	227.91	0	get 0.0000% / 8h	6h 22m	$12.7M	$15.1M	100x
Short	Injective NVDA/USDC PERP	228.09	0.0220	get 0.0028% / 1h	22m 39s	$73K	$138	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.079%Rate

Funding earned: $46.2
Price spread: +0.079% → 0.000%: $7.9
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $43.08
Costs to cover: 0.110%
Break-even: 0.5 days

Slippage unknown: Bybit: live order book, 1 min ago; Injective: 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 Bybit live order book, 1 min ago	0.22 bp	6.7 bp −$7	9.5 bp −$95	58.5 bp −$5,846	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 34 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	−0.0056%	1h	227.72	−0.083%	$35K	—	20x	as long as short
Bybit NVDAUSDTlong	0.0000%	8h	227.91	long leg	$12.7M	$15.1M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	227.90	−0.004%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.83	−0.035%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.93	+0.009%	$15.4M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.40	−0.224%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.96	+0.022%	$198K	$496K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.92	+0.004%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.79	−0.052%	$484K	$581K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.77	−0.061%	$118K	$54K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0018%	8h	227.89	−0.010%	$3.5M	$2.0M	—	as long as short
GRVT NVDA_USDT_Perp	+0.0023%	8h	227.84	−0.032%	$20K	$386K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.71	−0.088%	$400K	$723K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.90	−0.004%	$1.4M	$10.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.97	+0.026%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.76	−0.066%	$148.2M	$44.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.84	−0.031%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.76	−0.066%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.73	−0.079%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.197%	$1.3M	$786K	10x	as long as short
Nado NVDA-PERP	+0.0081%	1h	227.72	−0.085%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0085%	8h	227.94	+0.014%	$156.4M	$216.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.72	−0.083%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.67	−0.105%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.88	−0.013%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.88	−0.011%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.77	−0.061%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.90	−0.005%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTM	+0.0132%	8h	227.91	0.000%	$1.6M	$737K	20x	as long as short
Extended NVDA_24_5-USD	+0.0136%	1h	227.68	−0.101%	$689K	$714K	10x	as long as short
Lighter RH NVDA	+0.0144%	1h	228.02	+0.048%	$5.1M	$7.0M	20x	as long as short
Injective NVDA/USDC PERPshort	+0.0220%	1h	228.09	+0.079%	$73K	$138	30x
Deribit NVDA_USDC-PERPETUAL	+0.0277%	1h	227.83	−0.035%	$49K	$1.5M	10x	as long as short
edgeX NVDAUSDC	+0.0318%	4h	227.81	−0.043%	$170K	$1.9M	20x	as long as short