Settings8H · net · $10k
Funding arb · Price arb /

NVDA

RWAall NVDA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.085%
Price spread now: Pacifica against edgeX−0.084%52s7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$360.358% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.765%−$76 on $10k
Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.084%, 7d avg −0.045%
Together, before fees−0.636%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board−$64 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Pacifica is 0.039% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.045%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX NVDAUSDC226.930.0271pay 0.0135% / 4h3h 10m$170K$1.9M20x
ShortPacifica NVDA226.740.0100get 0.0013% / 1h10m 12s$298K$50K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against edgeX. 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

Funding earned
−$35.82
Price spread: −0.084% → −0.045%
−$3.95
Slippage, 4 orders
−$18.78
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$75.55
Costs to cover
0.358%
Break-even
never at this rate
Slippage from edgeX: live order book, 4 min ago; Pacifica: live order book, 43 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 4 min ago3.31 bp8.3 bp −$812.7 bp −$127doesn't fitdoesn't fit
Sell Pacifica live order book, 43 min ago1.98 bp8.5 bp −$8doesn't fitdoesn't fitdoesn't fit

NVDA on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NVDAUSDT0.0000%8h226.83−0.045%$12.5M$14.9M100xas long as short
OKX NVDA-USDT-SWAP0.0000%8h226.79−0.063%$14.3M$20.4M50xas long as short
Gate NVDA_USDT0.0000%8h226.79−0.063%$7.2M$9.7M100xas long as short
Bitget NVDAUSDT0.0000%8h226.88−0.023%$15.4M$16.4M100xas long as short
GRVT NVDA_USDT_Perp0.0000%8h226.91−0.010%$21K$403K10xas long as short
SunX NVDA-USDT0.0000%8h226.44−0.217%$2K$3.7M20xas long as short
Deribit NVDA_USDC-PERPETUAL0.0000%1h226.76−0.076%$49K$1.7M10xas long as short
HTX NVDA-USDT0.0000%8h226.87−0.028%$198K$466K30xas long as short
Phemex NVDAUSDT0.0000%4h226.97+0.016%$2.2M$43K10xas long as short
Aster NVDAUSDT+0.0002%8h226.84−0.041%$482K$571K20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps NVDAUSD+0.0012%1h226.76−0.078%$117K$53K10xas long as short
Variational Omni NVDA+0.0022%8h226.80−0.057%$3.6M$2.2Mas long as short
Lighter NVDA+0.0032%1h226.82−0.050%$2.1M$3.3M20xas long as short
Arcus NVDA-USD+0.0040%1h226.79−0.063%$398K$734K20xas long as short
QFEX NVDA-USD+0.0041%1h226.83−0.045%$1.3M$9.1M10xas long as short
Vest NVDA-USD-PERP+0.0046%1h226.93−0.001%$74K25xas long as short
tradeXYZ xyz:NVDA+0.0050%1h226.69−0.107%$147.3M$43.5M20xas long as short
Polymarket Perps NVDA-USD+0.0050%1h226.78−0.067%$400K$276K10xas long as short
SoDEX NVDA-USD+0.0050%1h226.68−0.111%$59K$19K10xas long as short
Ondo Perps NVDA-USD.P+0.0050%1h226.75−0.080%$1.6M$2.0M15xas long as short
Hotstuff NVDA-PERP+0.0056%1h226.70−0.103%$35K20xas long as short
Nado NVDA-PERP+0.0060%1h226.72−0.093%$482K$227K20xas long as short
Binance NVDAUSDT+0.0089%8h226.84−0.041%$155.3M$216.6M50xas long as short
Pacifica NVDAshort+0.0100%1h226.74−0.084%$298K$50K10x
KuCoin NVDAUSDTM+0.0100%8h226.85−0.036%$1.6M$731K20xas long as short
ApeX Omni NVDAUSDT+0.0100%1h226.74−0.085%$16K$44K50xas long as short
Orderly PERP_NVDA_USDC+0.0100%8h226.80−0.058%$36K$21K20xas long as short
Aevo NVDA-PERP+0.0104%1h226.83−0.044%10xas long as short
Coinbase International NVDA-PERP-INTX+0.0128%1h226.66−0.120%$1.3M$781K10xas long as short
Lighter RH NVDA+0.0136%1h226.99+0.025%$5.1M$7.1M20xas long as short
Phoenix NVDA+0.0141%1h226.88−0.023%$93K$112K20xas long as short
BloFin NVDA-USDT+0.0210%8h226.85−0.036%$720K$201K20xas long as short
Extended NVDA_24_5-USD+0.0216%1h226.72−0.096%$672K$765K10xas long as short
Injective NVDA/USDC PERP+0.0220%1h227.32+0.171%$73K$13930xas long as short
edgeX NVDAUSDClong+0.0271%4h226.93long leg$170K$1.9M20x