Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0144%/8h= +15.7% APRpaid last 24h +0.014%

Price spread now: BloFin against Coinbase International+0.009%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.009%, 7d avg +0.070%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.061% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.070%). If the spread goes back, that is −$6 on $10k: about 34 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.103% in total) that is about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	227.53	0.0104	pay 0.0013% / 1h	42m 50s	$1.3M	$775K	10x
Short	BloFin NVDA-USDT	227.55	0.0248	get 0.0248% / 8h	4h 42m	$723K	$201K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.009%Rate

Funding earned: $30.16
Price spread: +0.009% → +0.070%: −$6.1
Slippage, 4 orders: −$6.8
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$4.74
Costs to cover: 0.288%
Break-even: 8.1 days

Slippage from Coinbase International: live order book, 1 min ago; BloFin: live order book, 59 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, 1 min ago	2.20 bp	8.7 bp −$9	10.4 bp −$104	doesn't fit	doesn't fit
Sell BloFin live order book, 59 min ago	0.22 bp	6.2 bp −$6	6.7 bp −$67	11.5 bp −$1,149	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 NVDAUSDT	0.0000%	8h	227.58	+0.022%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.56	+0.013%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.49	−0.018%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.59	+0.026%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.16	−0.163%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.49	−0.018%	$49K	$1.6M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.048%	$198K	$472K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.62	+0.040%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0018%	1h	227.42	−0.047%	$118K	$54K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.018%	$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	+0.0042%	8h	227.61	+0.033%	$483K	$590K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.69	+0.070%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.43	−0.044%	$147.7M	$43.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.55	+0.009%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.43	−0.044%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.101%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.57	+0.018%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0068%	8h	227.61	+0.035%	$20K	$388K	10x	as long as short
Variational Omni NVDA	+0.0075%	8h	227.53	+0.001%	$3.5M	$2.1M	—	as long as short
Lighter NVDA	+0.0096%	1h	227.55	+0.011%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.46	−0.032%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.43	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.56	+0.013%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0104%	1h	227.53	long leg	$1.3M	$775K	10x
Nado NVDA-PERP	+0.0110%	1h	227.49	−0.017%	$484K	$228K	20x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.55	+0.008%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0127%	8h	227.58	+0.021%	$156.6M	$216.2M	50x	as long as short
Hotstuff NVDA-PERP	+0.0136%	1h	227.40	−0.057%	$35K	—	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.45	−0.035%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0150%	8h	227.60	+0.031%	$1.6M	$726K	20x	as long as short
Lighter RH NVDA	+0.0184%	1h	227.72	+0.084%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.220%	$73K	$136	30x	as long as short
BloFin NVDA-USDTshort	+0.0248%	8h	227.55	+0.009%	$723K	$201K	20x
Extended NVDA_24_5-USD	+0.0472%	1h	227.43	−0.046%	$685K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0666%	4h	227.55	+0.007%	$170K	$1.9M	20x	as long as short