Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h +0.007%

Price spread now: OKX against Extended+0.068%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.068%, 7d avg +0.055%

Together, before fees+0.097%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	227.50	0.0160	pay 0.0020% / 1h	4m 21s	$689K	$714K	10x
Short	OKX NVDA-USDT-SWAP	227.66	0	get 0.0000% / 8h	6h 04m	$14.4M	$20.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$33.6
Price spread: +0.068% → +0.055%: $1.29
Slippage, 4 orders: −$6.16
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$53.47
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from Extended: live order book, 63 min ago; OKX: live order book, 4 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, 63 min ago	0.44 bp	5.7 bp −$6	51.9 bp −$519	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.22 bp	5.6 bp −$6	8.0 bp −$80	17.4 bp −$1,741	doesn't fit

NVDA on 34 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	227.71	+0.089%	$484K	$590K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.68	+0.077%	$12.7M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAPshort	0.0000%	8h	227.66	+0.068%	$14.4M	$20.2M	50x
Gate NVDA_USDT	0.0000%	8h	227.61	+0.046%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.70	+0.086%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.73	+0.099%	$20K	$389K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.20	−0.134%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.84	+0.147%	$198K	$483K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.76	+0.112%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.55	+0.019%	$118K	$54K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0021%	8h	227.73	+0.097%	$3.5M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.70	+0.086%	$406K	$712K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.68	+0.077%	$1.4M	$9.8M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.79	+0.125%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.53	+0.011%	$148.1M	$44.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.61	+0.046%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.52	+0.007%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.49	−0.007%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	227.50	−0.002%	$35K	—	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.58	+0.033%	$49K	$1.5M	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.020%	$1.3M	$776K	10x	as long as short
Nado NVDA-PERP	+0.0081%	1h	227.55	+0.019%	$484K	$229K	20x	as long as short
Binance NVDAUSDT	+0.0082%	8h	227.68	+0.075%	$156.3M	$215.5M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.55	+0.020%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.59	+0.037%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.64	+0.059%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.62	+0.052%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.60	+0.042%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.67	+0.074%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTM	+0.0126%	8h	227.73	+0.099%	$1.6M	$732K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.81	+0.134%	$5.1M	$7.1M	20x	as long as short
Extended NVDA_24_5-USDlong	+0.0160%	1h	227.50	long leg	$689K	$714K	10x
Injective NVDA/USDC PERP	+0.0220%	1h	228.04	+0.235%	$73K	$139	30x	as long as short
edgeX NVDAUSDC	+0.0440%	4h	227.73	+0.098%	$170K	$1.9M	20x	as long as short