Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Bybit−0.053%7-day average −0.064% · 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−$26as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 7 days−0.024%−$2 · spread now −0.053%, 7d avg −0.064%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	226.40	0	get 0.0000% / 8h	7h 50m	$12.5M	$14.5M	100x
Short	Polymarket Perps NVDA-USD	226.28	0.0050	get 0.0006% / 1h	50m 54s	$391K	$245K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.053%Rate

Funding earned: $10.5
Price spread: −0.053% → −0.064%: $1.14
Slippage, 4 orders: −$8.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$15.49
Costs to cover: 0.271%
Break-even: 17.3 days

Slippage from Bybit: live order book, 2 min ago; Polymarket Perps: live order book, 46 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	7.1 bp −$7	10.5 bp −$105	77.6 bp −$7,757	doesn't fit
Sell Polymarket Perps live order book, 46 min ago	2.21 bp	6.2 bp −$6	7.0 bp −$70	9.3 bp −$926	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	−0.0032%	1h	226.32	−0.035%	$35K	—	20x	as long as short
Bybit NVDAUSDTlong	0.0000%	8h	226.40	long leg	$12.5M	$14.5M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.37	−0.013%	$14.1M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.34	−0.027%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.47	+0.031%	$15.8M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.08	−0.141%	$2K	$3.5M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.37	−0.013%	$53K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.50	+0.044%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.59	+0.084%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	226.17	−0.103%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX NVDAUSDC	+0.0020%	4h	226.30	−0.045%	$171K	$1.9M	20x	as long as short
Lighter NVDA	+0.0040%	1h	226.37	−0.014%	$2.1M	$3.2M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.37	−0.013%	$392K	$736K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.55	+0.066%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.30	−0.044%	$147.0M	$43.2M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	226.28	−0.053%	$391K	$245K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.27	−0.057%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.19	−0.093%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0063%	1h	226.32	−0.034%	$481K	$223K	20x	as long as short
Lighter RH NVDA	+0.0064%	1h	226.54	+0.062%	$5.1M	$6.9M	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.39	−0.004%	$1.3M	$9.1M	10x	as long as short
Aster NVDAUSDT	+0.0080%	8h	226.40	0.000%	$482K	$538K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0081%	8h	226.35	−0.023%	$21K	$426K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.26	−0.063%	$297K	$48K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.21	−0.084%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.42	+0.009%	$36K	$20K	20x	as long as short
Variational Omni NVDA	+0.0105%	8h	226.43	+0.012%	$3.5M	$2.3M	—	as long as short
KuCoin NVDAUSDTM	+0.0112%	8h	226.36	−0.018%	$1.6M	$886K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.43	+0.011%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.29	−0.049%	$1.3M	$696K	10x	as long as short
Extended NVDA_24_5-USD	+0.0152%	1h	226.24	−0.069%	$644K	$879K	10x	as long as short
Binance NVDAUSDT	+0.0165%	8h	226.45	+0.022%	$155.4M	$220.5M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.25	−0.066%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.72	+0.141%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0285%	8h	226.42	+0.009%	$712K	$196K	20x	as long as short