Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.053%

Price spread now: Deribit against Gate−0.004%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.220%+$22 on $10k

Price spread, last 3 days (all we have)−0.090%−$9 · spread now −0.004%, 7d avg −0.014%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	227.14	0	get 0.0000% / 8h	2h 29m	$7.2M	$9.4M	100x
Short	Deribit NVDA_USDC-PERPETUAL	227.13	0	get 0.0000% / 1h	29m 40s	$49K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → −0.014%: $0.98
Slippage, 4 orders: −$15.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$36.09
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Deribit: 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 Gate live order book, 4 min ago	0.66 bp	9.9 bp −$10	16.9 bp −$169	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	0.22 bp	3.7 bp −$4	5.1 bp −$51	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	227.07	−0.032%	$473K	$550K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.18	+0.018%	$12.7M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.19	+0.022%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	227.14	long leg	$7.2M	$9.4M	100x
Variational Omni NVDA	0.0000%	8h	227.13	−0.002%	$3.4M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.08	−0.025%	$21K	$470K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.79	−0.154%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	0.0000%	1h	227.13	−0.004%	$49K	$1.5M	10x
HTX NVDA-USDT	0.0000%	8h	227.20	+0.026%	$202K	$529K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.18	+0.018%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0004%	8h	227.18	+0.018%	$156.2M	$220.5M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.00	−0.061%	$118K	$54K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	227.07	−0.031%	$35K	—	20x	as long as short
BloFin NVDA-USDT	+0.0018%	8h	227.11	−0.013%	$714K	$205K	20x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.13	−0.004%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.32	+0.079%	$4.8M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.00	−0.061%	$523K	$406K	10x	as long as short
Nado NVDA-PERP	+0.0044%	1h	227.02	−0.052%	$487K	$223K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.31	+0.075%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.11	−0.013%	$147.1M	$50.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.12	−0.009%	$390K	$235K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.04	−0.044%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.00	−0.062%	$1.6M	$2.1M	15x	as long as short
edgeX NVDAUSDC	+0.0059%	4h	227.11	−0.014%	$170K	$1.9M	20x	as long as short
Bitget NVDAUSDT	+0.0068%	8h	227.20	+0.026%	$15.5M	$18.3M	100x	as long as short
Phoenix NVDA	+0.0070%	1h	227.08	−0.026%	$93K	$112K	20x	as long as short
Lighter NVDA	+0.0080%	1h	227.23	+0.038%	$2.1M	$3.3M	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.16	+0.011%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.11	−0.015%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.12	−0.009%	$1.6M	$751K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.96	−0.079%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.14	0.000%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	227.01	−0.057%	$1.3M	$911K	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.30	+0.070%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.16	+0.009%	$395K	$683K	20x	as long as short