Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0044%/8h= −4.9% APRpaid last 24h −0.006%

Price spread now: Binance against Coinbase International+0.093%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.093%, 7d avg +0.061%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.031% dearer against Coinbase International than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.061%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.016% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	226.63	0.0128	pay 0.0016% / 1h	55m 34s	$1.3M	$782K	10x
Short	Binance NVDAUSDT	226.84	0.0084	get 0.0084% / 8h	2h 55m	$155.2M	$217.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.093%Rate

Funding earned: −$9.33
Price spread: +0.093% → +0.061%: $3.13
Slippage, 4 orders: −$6.6
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$32.81
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Binance: 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 Coinbase International live order book, 3 min ago	0.22 bp	9.0 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.22 bp	5.4 bp −$5	7.6 bp −$76	22.2 bp −$2,224	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	226.85	+0.097%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.82	+0.084%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.82	+0.084%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.80	+0.075%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.85	+0.097%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.77	+0.061%	$21K	$405K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.53	−0.044%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.79	+0.071%	$52K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.94	+0.137%	$198K	$464K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.89	+0.115%	$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
Hotstuff NVDA-PERP	+0.0008%	1h	226.69	+0.026%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0009%	1h	226.58	−0.021%	$117K	$53K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	226.84	+0.091%	$3.6M	$2.1M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.77	+0.061%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.73	+0.044%	$398K	$733K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.82	+0.084%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.93	+0.132%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.71	+0.035%	$147.3M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.77	+0.062%	$399K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.70	+0.031%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.57	−0.026%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0069%	1h	226.72	+0.038%	$482K	$226K	20x	as long as short
Binance NVDAUSDTshort	+0.0084%	8h	226.84	+0.093%	$155.2M	$217.0M	50x
Pacifica NVDA	+0.0100%	1h	226.72	+0.040%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.83	+0.088%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.72	+0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.83	+0.088%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.82	+0.083%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.98	+0.154%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0128%	1h	226.63	long leg	$1.3M	$782K	10x
Phoenix NVDA	+0.0141%	1h	226.57	−0.026%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0204%	8h	226.86	+0.101%	$719K	$190K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.216%	$73K	$135	30x	as long as short
Extended NVDA_24_5-USD	+0.0232%	1h	226.66	+0.013%	$668K	$767K	10x	as long as short
edgeX NVDAUSDC	+0.0923%	4h	226.73	+0.044%	$170K	$1.9M	20x	as long as short