Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: tradeXYZ against Bybit−0.053%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.053%, 7d avg −0.076%

Together, before fees+0.085%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.023% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	226.87	0	get 0.0000% / 8h	2h 46m	$12.5M	$14.9M	100x
Short	tradeXYZ xyz:NVDA	226.75	0.0050	get 0.0006% / 1h	46m 57s	$147.3M	$43.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.053%Rate

Funding earned: $10.5
Price spread: −0.053% → −0.076%: $2.34
Slippage, 4 orders: −$4.21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$20.37
Costs to cover: 0.332%
Break-even: 20.6 days

Slippage from Bybit: live order book, 1 min ago; tradeXYZ: live order book, 3 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	6.2 bp −$6	9.2 bp −$92	52.8 bp −$5,283	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.22 bp	11.1 bp −$11	12.3 bp −$123	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	226.87	−0.002%	$483K	$571K	20x	as long as short
Bybit NVDAUSDTlong	0.0000%	8h	226.87	long leg	$12.5M	$14.9M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.90	+0.013%	$14.3M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.85	−0.009%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.90	+0.013%	$15.3M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.94	+0.030%	$21K	$409K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.61	−0.115%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.83	−0.018%	$52K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.01	+0.062%	$198K	$462K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.96	+0.040%	$2.2M	$43K	10x	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	+0.0007%	1h	226.72	−0.066%	$118K	$52K	10x	as long as short
Variational Omni NVDA	+0.0009%	8h	226.94	+0.029%	$3.6M	$2.1M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.86	−0.005%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.85	−0.009%	$398K	$728K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.91	+0.018%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.03	+0.071%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	226.75	−0.053%	$147.3M	$43.4M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	226.86	−0.004%	$399K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.77	−0.044%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.73	−0.062%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0053%	1h	226.83	−0.019%	$482K	$226K	20x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	226.78	−0.040%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0080%	8h	226.92	+0.022%	$155.2M	$217.2M	50x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.03	+0.071%	$5.1M	$7.1M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.80	−0.031%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.92	+0.022%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.81	−0.026%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.84	−0.013%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.90	+0.015%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.86	−0.004%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.63	−0.106%	$1.3M	$781K	10x	as long as short
BloFin NVDA-USDT	+0.0200%	8h	226.92	+0.022%	$718K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.110%	$73K	$136	30x	as long as short
Extended NVDA_24_5-USD	+0.0256%	1h	226.75	−0.055%	$668K	$767K	10x	as long as short
edgeX NVDAUSDC	+0.0807%	4h	226.90	+0.014%	$170K	$1.9M	20x	as long as short