Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.014%

Price spread now: Bitget against Coinbase International+0.137%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.137%, 7d avg +0.088%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.049% dearer against Coinbase International than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.088%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.038% in total) that is about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	226.29	0.0128	pay 0.0016% / 1h	21m 36s	$1.3M	$789K	10x
Short	Bitget NVDAUSDT	226.60	0	get 0.0000% / 8h	2h 21m	$15.2M	$16.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.137%Rate

Funding earned: −$26.88
Price spread: +0.137% → +0.088%: $4.94
Slippage, 4 orders: −$8.57
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$52.5
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago	1.33 bp	9.9 bp −$10	10.9 bp −$109	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.22 bp	7.2 bp −$7	10.2 bp −$102	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	226.49	+0.090%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.44	+0.066%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.45	+0.071%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.43	+0.062%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDTshort	0.0000%	8h	226.60	+0.137%	$15.2M	$16.4M	100x
GRVT NVDA_USDT_Perp	0.0000%	8h	226.42	+0.059%	$22K	$410K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.11	−0.080%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.55	+0.115%	$198K	$459K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.53	+0.106%	$2.2M	$43K	10x	as long as short
Variational Omni NVDA	+0.0004%	8h	226.34	+0.021%	$3.6M	$2.1M	—	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	+0.0012%	1h	226.34	+0.020%	$117K	$52K	10x	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	226.29	0.000%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.36	+0.031%	$398K	$728K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.32	+0.013%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.46	+0.075%	—	$74K	25x	as long as short
Lighter NVDA	+0.0048%	1h	226.43	+0.060%	$2.1M	$3.4M	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.34	+0.022%	$147.0M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.34	+0.022%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.28	−0.004%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.19	−0.044%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.33	+0.018%	$53K	$1.8M	10x	as long as short
Nado NVDA-PERP	+0.0078%	1h	226.24	−0.022%	$481K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	226.49	+0.088%	$154.4M	$218.4M	50x	as long as short
Lighter RH NVDA	+0.0096%	1h	226.56	+0.119%	$5.1M	$7.1M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.33	+0.017%	$297K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.44	+0.066%	$1.6M	$739K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.19	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.35	+0.027%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.38	+0.038%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.27	−0.009%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0128%	1h	226.29	long leg	$1.3M	$789K	10x
BloFin NVDA-USDT	+0.0200%	8h	226.44	+0.066%	$716K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.71	+0.186%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0344%	1h	226.32	+0.013%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0908%	4h	226.31	+0.009%	$170K	$1.9M	20x	as long as short