Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%

Price spread now: Pacifica against Bybit−0.044%48s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as 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−$330.327% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.044%, 7d avg −0.047%

Together, before fees+0.103%+ Points / potential airdropPacifica: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. 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	227.55	0	get 0.0000% / 8h	4h 47m	$12.7M	$14.8M	100x
Short	Pacifica NVDA	227.45	0.0100	get 0.0013% / 1h	47m 53s	$299K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.044%Rate

Funding earned: $21
Price spread: −0.044% → −0.047%: $0.32
Slippage, 4 orders: −$13.66
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$11.34
Costs to cover: 0.327%
Break-even: 10.8 days

Slippage from Bybit: live order book, 1 min ago; Pacifica: live order book, 10 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	6.6 bp −$7	9.5 bp −$95	69.4 bp −$6,944	doesn't fit
Sell Pacifica live order book, 10 min ago	1.98 bp	10.1 bp −$10	doesn't fit	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
Bybit NVDAUSDTlong	0.0000%	8h	227.55	long leg	$12.7M	$14.8M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	227.52	−0.013%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.50	−0.022%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.59	+0.018%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.15	−0.176%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.040%	$198K	$472K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.58	+0.013%	$2.2M	$43K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.48	−0.031%	$49K	$1.6M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0019%	1h	227.44	−0.047%	$118K	$54K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.009%	$406K	$744K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0045%	8h	227.60	+0.020%	$483K	$590K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.67	+0.053%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.41	−0.062%	$147.8M	$43.7M	20x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.42	−0.057%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.110%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.56	+0.004%	$1.4M	$9.4M	10x	as long as short
Polymarket Perps NVDA-USD	+0.0063%	1h	227.54	−0.004%	$401K	$276K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0067%	8h	227.75	+0.090%	$20K	$385K	10x	as long as short
Variational Omni NVDA	+0.0076%	8h	227.62	+0.029%	$3.5M	$2.1M	—	as long as short
Pacifica NVDAshort	+0.0100%	1h	227.45	−0.044%	$299K	$51K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.45	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.53	−0.009%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.009%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.54	−0.002%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0130%	8h	227.58	+0.013%	$156.6M	$216.1M	50x	as long as short
Phoenix NVDA	+0.0141%	1h	227.64	+0.040%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0144%	1h	227.53	−0.007%	$2.2M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0148%	1h	227.46	−0.039%	$484K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0155%	8h	227.61	+0.026%	$1.6M	$725K	20x	as long as short
Hotstuff NVDA-PERP	+0.0216%	1h	227.40	−0.066%	$35K	—	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.71	+0.070%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.211%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0251%	8h	227.53	−0.009%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0512%	1h	227.43	−0.055%	$685K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0612%	4h	227.71	+0.069%	$171K	$1.9M	20x	as long as short