Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.039%

Price spread now: Coinbase International against Gate−0.088%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.251%+$25 on $10k

Price spread, last 4 days (all we have)−0.115%−$11 · spread now −0.088%, 7d avg −0.046%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.042% cheaper against Gate than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.046%). If the spread goes back, that is −$4 on $10k: about 47 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	227.66	0	get 0.0000% / 8h	5h 40m	$7.2M	$9.6M	100x
Short	Coinbase International NVDA-PERP-INTX	227.46	0.0072	get 0.0009% / 1h	40m 20s	$1.3M	$776K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.088%Rate

Funding earned: $15.12
Price spread: −0.088% → −0.046%: −$4.19
Slippage, 4 orders: −$13.4
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$27.47
Costs to cover: 0.384%
Break-even: 19.7 days

Slippage from Gate: live order book, 3 min ago; Coinbase International: live order book, 3 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 Gate live order book, 3 min ago	0.22 bp	9.2 bp −$9	18.8 bp −$188	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	1.76 bp	8.3 bp −$8	10.7 bp −$107	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
Bybit NVDAUSDT	0.0000%	8h	227.70	+0.018%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.72	+0.026%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	227.66	long leg	$7.2M	$9.6M	100x
Bitget NVDAUSDT	0.0000%	8h	227.78	+0.053%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.71	+0.023%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.27	−0.171%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.044%	$198K	$479K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.75	+0.040%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	227.74	+0.034%	$484K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.53	−0.059%	$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
Hotstuff NVDA-PERP	+0.0016%	1h	227.56	−0.044%	$35K	—	20x	as long as short
Variational Omni NVDA	+0.0027%	8h	227.69	+0.013%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.71	+0.022%	$406K	$711K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.69	+0.013%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.80	+0.061%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.57	−0.040%	$148.1M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.65	−0.004%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.57	−0.040%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.48	−0.079%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTXshort	+0.0072%	1h	227.46	−0.088%	$1.3M	$776K	10x
Binance NVDAUSDT	+0.0087%	8h	227.74	+0.034%	$156.3M	$215.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.55	−0.048%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.54	−0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.68	+0.009%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.69	+0.015%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.61	−0.022%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0112%	1h	227.58	−0.033%	$484K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.74	+0.035%	$1.6M	$724K	20x	as long as short
Lighter NVDA	+0.0160%	1h	227.71	+0.023%	$2.2M	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.63	−0.013%	$49K	$1.6M	10x	as long as short
Lighter RH NVDA	+0.0200%	1h	227.83	+0.075%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	227.72	+0.026%	$723K	$202K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.96	+0.132%	$73K	$136	30x	as long as short
Extended NVDA_24_5-USD	+0.0272%	1h	227.50	−0.068%	$689K	$714K	10x	as long as short
edgeX NVDAUSDC	+0.0445%	4h	227.67	+0.003%	$170K	$1.9M	20x	as long as short