Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h −0.016%

Price spread now: Binance against Deribit+0.098%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.085%−$9 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now +0.098%, 7d avg +0.028%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.070% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.028%. Mind the row above: over the last 5 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NVDA_USDC-PERPETUAL	226.45	0.0015	pay 0.0002% / 1h	12m 45s	$53K	$1.9M	10x
Short	Binance NVDAUSDT	226.67	0.0153	get 0.0153% / 8h	7h 12m	$155.3M	$222.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.098%Rate

Funding earned: $28.99
Price spread: +0.098% → +0.028%: $7
Slippage, 4 orders: −$9.16
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $9.84
Costs to cover: 0.262%
Break-even: 4.6 days

Slippage from Deribit: live order book, 1 min ago; Binance: live order book, 16 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 Deribit live order book, 1 min ago	3.75 bp	7.7 bp −$8	8.4 bp −$84	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.22 bp	5.2 bp −$5	5.6 bp −$56	15.7 bp −$1,574	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	226.65	+0.088%	$12.6M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.65	+0.088%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.60	+0.066%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.74	+0.128%	$15.7M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.60	+0.066%	$21K	$430K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.27	−0.079%	$2K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.28	−0.075%	$198K	$436K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.76	+0.137%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0009%	1h	226.26	−0.082%	$117K	$51K	10x	as long as short
Deribit NVDA_USDC-PERPETUALlong	+0.0015%	1h	226.45	long leg	$53K	$1.9M	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.65	+0.087%	$2.1M	$3.3M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.50	+0.022%	$640K	$872K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.65	+0.088%	$392K	$739K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.73	+0.124%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.53	+0.035%	$147.5M	$44.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.52	+0.031%	$391K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.39	−0.026%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.41	−0.018%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0068%	8h	226.57	+0.053%	$484K	$544K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.58	+0.057%	$1.3M	$9.1M	10x	as long as short
Nado NVDA-PERP	+0.0073%	1h	226.47	+0.009%	$481K	$221K	20x	as long as short
Lighter RH NVDA	+0.0080%	1h	226.80	+0.155%	$5.1M	$7.3M	20x	as long as short
Hotstuff NVDA-PERP	+0.0080%	1h	226.43	−0.009%	$35K	—	20x	as long as short
Variational Omni NVDA	+0.0098%	8h	226.63	+0.080%	$3.2M	$2.5M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.50	+0.021%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.48	+0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.52	+0.031%	$36K	$20K	20x	as long as short
KuCoin NVDAUSDTM	+0.0110%	8h	226.55	+0.044%	$1.6M	$1.0M	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.53	+0.037%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.17	−0.124%	$1.3M	$679K	10x	as long as short
Binance NVDAUSDTshort	+0.0153%	8h	226.67	+0.098%	$155.3M	$222.6M	50x
edgeX NVDAUSDC	+0.0165%	4h	226.53	+0.035%	$171K	$1.9M	20x	as long as short
Phoenix NVDA	+0.0212%	1h	226.11	−0.150%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.040%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0275%	8h	226.60	+0.066%	$710K	$201K	20x	as long as short