Funding arb · Price arb /

NVDA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.007%

Price spread now: Orderly against Coinbase International+0.133%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 0.133% dearer against Coinbase International than usual: you sell high and buy low (spread +0.133% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	226.09	0.0120	pay 0.0015% / 1h	40m 39s	$1.3M	$699K	10x
Short	Orderly PERP_NVDA_USDC	226.39	0.0100	get 0.0100% / 8h	40m 39s	$36K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.133%Rate

Funding earned: −$4.2
Price spread: +0.133% → 0.000%: $13.27
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$6.93
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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	7.2 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	226.41	+0.142%	$12.4M	$14.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.38	+0.128%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.36	+0.119%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.47	+0.168%	$15.8M	$16.6M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.07	−0.009%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.39	+0.133%	$198K	$446K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.63	+0.239%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0015%	8h	226.35	+0.114%	$22K	$428K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	226.27	+0.080%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0019%	1h	226.14	+0.022%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0035%	8h	226.38	+0.130%	$482K	$530K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.32	+0.102%	$392K	$740K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.44	+0.155%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.28	+0.084%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.24	+0.066%	$1.6M	$1.9M	15x	as long as short
Variational Omni NVDA	+0.0057%	8h	226.39	+0.133%	$3.5M	$2.3M	—	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.41	+0.142%	$1.3M	$9.0M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0099%	1h	226.28	+0.084%	$147.0M	$43.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.22	+0.057%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.37	+0.124%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.10	+0.004%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	226.39	+0.133%	$36K	$21K	20x
Polymarket Perps NVDA-USD	+0.0100%	1h	226.37	+0.124%	$391K	$247K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	226.42	+0.145%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0120%	8h	226.41	+0.142%	$154.4M	$218.3M	50x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0120%	1h	226.09	long leg	$1.3M	$699K	10x
Phoenix NVDA	+0.0177%	1h	226.33	+0.106%	$93K	$83K	20x	as long as short
Nado NVDA-PERP	+0.0183%	1h	226.20	+0.049%	$480K	$223K	20x	as long as short
Lighter NVDA	+0.0192%	1h	226.35	+0.117%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.00	+0.402%	$73K	$137	30x	as long as short
BloFin NVDA-USDT	+0.0239%	8h	226.48	+0.172%	$710K	$195K	20x	as long as short
Lighter RH NVDA	+0.0240%	1h	226.50	+0.181%	$5.1M	$6.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0352%	1h	226.20	+0.051%	$644K	$875K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0502%	1h	226.33	+0.106%	$53K	$1.8M	10x	as long as short
edgeX NVDAUSDC	+0.0547%	4h	226.38	+0.126%	$170K	$1.9M	20x	as long as short