NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0262%/8h= −28.7% APRnext payment −$0.33 per $10,000 · paid last 24h +0.004%

Price spread now: Polymarket Perps against Extended+0.070%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

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

Long on Extended Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.260%−$26 · spread now +0.070%, 7d avg +0.017%

Together, before fees−0.258%+ Points / potential airdropExtended: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.053% dearer against Extended than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.017%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	227.42	0.0312	pay 0.0039% / 1h	35m 24s	$689K	$716K	10x
Short	Polymarket Perps NVDA-USD	227.58	0.0050	get 0.0006% / 1h	35m 24s	$401K	$277K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$55.02
Price spread: +0.070% → +0.017%: $5.33
Slippage, 4 orders: −$11.29
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$73.97
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from Extended: live order book, 28 min ago; Polymarket Perps: live order book, 27 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, 28 min ago	0.44 bp	6.1 bp −$6	53.8 bp −$538	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 27 min ago	3.08 bp	7.1 bp −$7	7.3 bp −$73	10.2 bp −$1,020	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	227.62	+0.088%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.62	+0.088%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.60	+0.079%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.67	+0.110%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.75	+0.144%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.25	−0.075%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.150%	$198K	$479K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.81	+0.171%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0008%	8h	227.68	+0.116%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.50	+0.034%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0034%	8h	227.71	+0.128%	$3.5M	$2.1M	—	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	227.48	+0.026%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.72	+0.132%	$406K	$710K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.64	+0.097%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.72	+0.132%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.50	+0.035%	$148.0M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	227.58	+0.070%	$401K	$277K	10x
SoDEX NVDA-USD	+0.0050%	1h	227.57	+0.066%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.45	+0.013%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	+0.018%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0092%	8h	227.67	+0.110%	$156.2M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.46	+0.019%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	+0.066%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.61	+0.084%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.62	+0.087%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.63	+0.092%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0122%	1h	227.48	+0.024%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0132%	8h	227.69	+0.119%	$1.6M	$723K	20x	as long as short
Lighter NVDA	+0.0176%	1h	227.62	+0.090%	$2.2M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0210%	8h	227.78	+0.158%	$722K	$202K	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.75	+0.145%	$5.1M	$7.0M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.251%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USDlong	+0.0312%	1h	227.42	long leg	$689K	$716K	10x
Deribit NVDA_USDC-PERPETUAL	+0.0366%	1h	227.59	+0.075%	$49K	$1.6M	10x	as long as short
edgeX NVDAUSDC	+0.0557%	4h	227.74	+0.141%	$170K	$1.9M	20x	as long as short