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 +0.015%

Price spread now: OKX against Bybit+0.009%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.009%, 7d avg +0.008%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	227.71	0	get 0.0000% / 8h	4h 22m	$12.7M	$14.8M	100x
Short	OKX NVDA-USDT-SWAP	227.73	0	get 0.0000% / 8h	4h 22m	$14.4M	$20.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.008%: $0.09
Slippage, 4 orders: −$3.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$24.63
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago	0.22 bp	6.8 bp −$7	8.9 bp −$89	70.8 bp −$7,081	doesn't fit
Sell OKX live order book, 1 min ago	0.22 bp	5.7 bp −$6	7.5 bp −$75	16.3 bp −$1,630	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	−0.0016%	1h	227.55	−0.070%	$35K	—	20x	as long as short
Bybit NVDAUSDTlong	0.0000%	8h	227.71	long leg	$12.7M	$14.8M	100x
OKX NVDA-USDT-SWAPshort	0.0000%	8h	227.73	+0.009%	$14.4M	$20.4M	50x
Gate NVDA_USDT	0.0000%	8h	227.66	−0.022%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.78	+0.031%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.32	−0.171%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	−0.031%	$198K	$470K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.76	+0.022%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.46	−0.111%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0032%	8h	227.75	+0.017%	$484K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0034%	8h	227.60	−0.048%	$20K	$390K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.55	−0.070%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.79	+0.035%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.58	−0.057%	$147.9M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.68	−0.013%	$402K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.54	−0.075%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.48	−0.101%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.66	−0.022%	$1.3M	$9.2M	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.60	−0.048%	$49K	$1.6M	10x	as long as short
Variational Omni NVDA	+0.0063%	8h	227.60	−0.047%	$3.5M	$2.1M	—	as long as short
Lighter NVDA	+0.0064%	1h	227.69	−0.011%	$2.2M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0067%	1h	227.59	−0.054%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.57	−0.061%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.50	−0.092%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.64	−0.031%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.079%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.67	−0.019%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0116%	8h	227.75	+0.017%	$156.3M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0133%	8h	227.63	−0.035%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.83	+0.053%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.54	−0.075%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.088%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0236%	8h	227.71	0.000%	$722K	$201K	20x	as long as short
edgeX NVDAUSDC	+0.0294%	4h	227.61	−0.044%	$171K	$1.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	227.50	−0.094%	$679K	$743K	10x	as long as short