Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.039%

Price spread now: Gate against Coinbase International+0.132%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.132%, 7d avg +0.046%

Together, before fees−0.298%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.086% dearer against Coinbase International than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.046%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	227.46	0.0072	pay 0.0009% / 1h	27m 15s	$1.3M	$787K	10x
Short	Gate NVDA_USDT	227.76	0	get 0.0000% / 8h	6h 27m	$7.2M	$9.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.132%Rate

Funding earned: −$15.12
Price spread: +0.132% → +0.046%: $8.62
Slippage, 4 orders: −$14.1
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.6
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Gate: live order book, 1 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	0.22 bp	6.5 bp −$7	9.1 bp −$91	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.22 bp	12.6 bp −$13	21.8 bp −$218	doesn't fit	doesn't fit

NVDA on 34 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	227.81	+0.152%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.82	+0.158%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.82	+0.158%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDTshort	0.0000%	8h	227.76	+0.132%	$7.2M	$9.6M	100x
Bitget NVDAUSDT	0.0000%	8h	227.85	+0.171%	$15.4M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.34	−0.053%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.88	+0.185%	$198K	$497K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.90	+0.193%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.61	+0.066%	$118K	$54K	10x	as long as short
Variational Omni NVDA	+0.0017%	8h	227.76	+0.132%	$3.5M	$1.9M	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0021%	8h	227.79	+0.147%	$20K	$385K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.66	+0.088%	$400K	$723K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.82	+0.158%	$1.5M	$10.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.93	+0.207%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.68	+0.097%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.69	+0.101%	$148.1M	$44.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.76	+0.132%	$402K	$280K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.68	+0.097%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.56	+0.044%	$1.5M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0072%	1h	227.46	long leg	$1.3M	$787K	10x
Nado NVDA-PERP	+0.0077%	1h	227.69	+0.101%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	227.84	+0.167%	$156.3M	$216.1M	50x	as long as short
Extended NVDA_24_5-USD	+0.0088%	1h	227.66	+0.090%	$689K	$714K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.68	+0.098%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.65	+0.084%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.80	+0.149%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.80	+0.151%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.74	+0.123%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.82	+0.157%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.84	+0.167%	$1.6M	$737K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.94	+0.211%	$5.1M	$7.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0145%	1h	227.74	+0.123%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.97	+0.224%	$73K	$137	30x	as long as short
edgeX NVDAUSDC	+0.0796%	4h	227.88	+0.186%	$170K	$1.9M	20x	as long as short