Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.028%

Price spread now: OKX against Deribit+0.022%7-day average +0.032% · 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−$27as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.099%−$10 on $10k

Price spread, last 4 days (all we have)+0.190%+$19 · spread now +0.022%, 7d avg +0.032%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NVDA_USDC-PERPETUAL	227.57	0.0190	pay 0.0024% / 1h	13m 04s	$49K	$1.6M	10x
Short	OKX NVDA-USDT-SWAP	227.62	0	get 0.0000% / 8h	5h 13m	$14.4M	$20.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$39.82
Price spread: +0.022% → +0.032%: −$1.02
Slippage, 4 orders: −$9.47
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$67.31
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; OKX: live order book, just now.

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	0.22 bp	4.1 bp −$4	4.7 bp −$47	doesn't fit	doesn't fit
Sell OKX live order book, just now	0.22 bp	5.6 bp −$6	7.7 bp −$77	22.0 bp −$2,203	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	227.64	+0.031%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAPshort	0.0000%	8h	227.62	+0.022%	$14.4M	$20.2M	50x
Gate NVDA_USDT	0.0000%	8h	227.56	−0.004%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.70	+0.057%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.19	−0.167%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.083%	$198K	$476K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.71	+0.062%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.55	−0.007%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0022%	8h	227.67	+0.045%	$483K	$590K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0031%	8h	227.74	+0.074%	$20K	$384K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.59	+0.009%	$406K	$746K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.65	+0.035%	$1.4M	$9.5M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.73	+0.070%	—	$74K	25x	as long as short
Variational Omni NVDA	+0.0048%	8h	227.69	+0.053%	$3.5M	$2.1M	—	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.48	−0.040%	$147.9M	$44.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.62	+0.022%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.49	−0.035%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.48	−0.040%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.018%	$1.3M	$777K	10x	as long as short
Hotstuff NVDA-PERP	+0.0096%	1h	227.48	−0.040%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.49	−0.034%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.52	−0.022%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.61	+0.018%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.62	+0.023%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.60	+0.013%	$94K	$112K	20x	as long as short
Binance NVDAUSDT	+0.0107%	8h	227.65	+0.035%	$156.2M	$215.1M	50x	as long as short
Nado NVDA-PERP	+0.0132%	1h	227.51	−0.027%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0143%	8h	227.72	+0.066%	$1.6M	$723K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.62	+0.022%	$2.2M	$3.3M	20x	as long as short
edgeX NVDAUSDC	+0.0178%	4h	227.69	+0.054%	$170K	$1.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUALlong	+0.0190%	1h	227.57	long leg	$49K	$1.6M	10x
Lighter RH NVDA	+0.0216%	1h	227.77	+0.088%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.98	+0.180%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0227%	8h	227.67	+0.044%	$725K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0416%	1h	227.44	−0.055%	$686K	$729K	10x	as long as short