Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0275%/8h= +30.1% APRpaid last 24h +0.032%

Price spread now: BloFin against Extended+0.149%74s7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.243% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$19 on $10k

Price spread, last 4 days (all we have)−0.180%−$18 · spread now +0.149%, 7d avg +0.058%

Together, before fees+0.005%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.091% dearer against Extended than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.058%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.185% in total (about 9.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	227.04	0.0032	pay 0.0004% / 1h	49m 48s	$608K	$932K	10x
Short	BloFin NVDA-USDT	227.38	0.0307	get 0.0307% / 8h	4h 49m	$748K	$204K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.149%Rate

Funding earned: $57.65
Price spread: +0.149% → +0.058%: $9.12
Slippage, 4 orders: −$7.34
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $42.43
Costs to cover: 0.243%
Break-even: 1.8 days

Slippage from Extended: live order book, 56 min ago; BloFin: live order book, 55 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 Extended live order book, 56 min ago	0.44 bp	4.0 bp −$4	26.8 bp −$268	doesn't fit	doesn't fit
Sell BloFin live order book, 55 min ago	0.66 bp	6.7 bp −$7	6.9 bp −$69	13.5 bp −$1,355	doesn't fit

NVDA on 35 exchanges

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
Hotstuff NVDA-PERP	−0.1600%	1h	227.26	+0.096%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.15	+0.048%	$12.5M	$16.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.15	+0.048%	$14.6M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.11	+0.030%	$7.2M	$9.1M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.19	+0.066%	$15.6M	$15.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.76	−0.124%	$2K	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.04	0.000%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.07	+0.013%	$198K	$399K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.37	+0.145%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.34	+0.132%	$117K	$51K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USDlong	+0.0032%	1h	227.04	long leg	$608K	$932K	10x
QFEX NVDA-USD	+0.0038%	1h	227.34	+0.132%	$1.3M	$9.0M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0042%	8h	227.45	+0.178%	$20K	$418K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.44	+0.176%	—	$74K	25x	as long as short
Lighter NVDA	+0.0048%	1h	227.16	+0.052%	$2.0M	$3.1M	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.01	−0.014%	$149.2M	$44.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.28	+0.105%	$395K	$257K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.13	+0.039%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.16	+0.052%	$1.5M	$2.0M	15x	as long as short
Aster NVDAUSDT	+0.0052%	8h	227.24	+0.088%	$483K	$565K	20x	as long as short
Arcus NVDA-USD	+0.0083%	1h	227.27	+0.101%	$383K	$721K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.18	+0.061%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.28	+0.105%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.17	+0.057%	$36K	$19K	20x	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.23	+0.083%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.00	−0.018%	$1.3M	$665K	10x	as long as short
Nado NVDA-PERP	+0.0133%	1h	227.20	+0.071%	$478K	$198K	20x	as long as short
Variational Omni NVDA	+0.0137%	8h	227.30	+0.116%	$3.3M	$2.4M	—	as long as short
KuCoin NVDAUSDTM	+0.0154%	8h	227.30	+0.114%	$1.6M	$1.6M	20x	as long as short
Phoenix NVDA	+0.0176%	1h	227.31	+0.118%	$93K	$83K	20x	as long as short
Lighter RH NVDA	+0.0176%	1h	227.29	+0.110%	$5.3M	$7.1M	20x	as long as short
Binance NVDAUSDT	+0.0187%	8h	227.15	+0.048%	$155.1M	$225.9M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.54	+0.220%	$73K	$135	30x	as long as short
BloFin NVDA-USDTshort	+0.0307%	8h	227.38	+0.149%	$748K	$204K	20x
edgeX NVDAUSDC	+0.0375%	4h	227.44	+0.175%	$172K	$1.9M	20x	as long as short