Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.013%

Price spread now: GRVT against Extended+0.093%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.093%, 7d avg +0.037%

Together, before fees−0.101%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.056% dearer against Extended than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.037%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	227.29	0.0032	pay 0.0004% / 1h	58m 44s	$535K	$447K	10x
Short	GRVT NVDA_USDT_Perp	227.50	0	get 0.0000% / 8h	7h 58m	$21K	$406K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$6.72
Price spread: +0.093% → +0.037%: $5.57
Slippage, 4 orders: −$8.59
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$23.75
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from Extended: live order book, 14 min ago; GRVT: live order book, 14 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, 14 min ago	0.22 bp	3.8 bp −$4	52.6 bp −$526	doesn't fit	doesn't fit
Sell GRVT live order book, 14 min ago	1.54 bp	6.1 bp −$6	10.8 bp −$108	doesn't fit	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
Aster NVDAUSDT	0.0000%	8h	227.52	+0.101%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.55	+0.115%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	+0.115%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.43	+0.062%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.45	+0.073%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perpshort	0.0000%	8h	227.50	+0.093%	$21K	$406K	10x
SunX NVDA-USDT	0.0000%	8h	227.13	−0.070%	$3K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.084%	$197K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.58	+0.128%	$2.2M	$42K	10x	as long as short
Nado NVDA-PERP	+0.0008%	1h	227.32	+0.016%	$484K	$229K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0016%	1h	227.35	+0.029%	$118K	$56K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	227.32	+0.014%	$35K	—	20x	as long as short
Bitget NVDAUSDT	+0.0019%	8h	227.60	+0.137%	$15.5M	$17.2M	100x	as long as short
Extended NVDA_24_5-USDlong	+0.0032%	1h	227.29	long leg	$535K	$447K	10x
Binance NVDAUSDT	+0.0035%	8h	227.54	+0.112%	$156.4M	$219.7M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.51	+0.097%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.34	+0.022%	$147.9M	$48.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.39	+0.044%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.32	+0.014%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.21	−0.035%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.33	+0.018%	$1.6M	$11.5M	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.01	−0.123%	$1.3M	$829K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.45	+0.071%	—	—	10x	as long as short
Lighter NVDA	+0.0096%	1h	227.55	+0.117%	$2.2M	$3.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.30	+0.004%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	+0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.49	+0.088%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.38	+0.040%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0112%	8h	227.53	+0.106%	$1.6M	$742K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.30	+0.005%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0139%	8h	227.49	+0.088%	$714K	$205K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.48	+0.084%	$49K	$1.4M	10x	as long as short
Lighter RH NVDA	+0.0184%	1h	227.68	+0.172%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.67	+0.168%	$73K	$134	30x	as long as short
edgeX NVDAUSDC	+0.0575%	4h	227.45	+0.069%	$171K	$1.9M	20x	as long as short