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 +0.024%

Price spread now: Extended against Gate−0.057%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.057%, 7d avg −0.030%

Together, before fees+0.235%+ Points / potential airdropExtended: Active · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.027% cheaper against Gate than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of −0.030%). If the spread goes back, that is −$3 on $10k: about 2.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.149% in total) that is about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	227.37	0	get 0.0000% / 8h	54m 18s	$7.2M	$9.6M	100x
Short	Extended NVDA_24_5-USD	227.24	0.0032	get 0.0004% / 1h	54m 18s	$536K	$446K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.057%Rate

Funding earned: $6.72
Price spread: −0.057% → −0.030%: −$2.68
Slippage, 4 orders: −$16.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$32.27
Costs to cover: 0.363%
Break-even: 40.6 days

Slippage from Gate: live order book, 4 min ago; Extended: live order book, 24 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	12.6 bp −$13	20.9 bp −$209	doesn't fit	doesn't fit
Sell Extended live order book, 24 min ago	0.22 bp	5.8 bp −$6	19.1 bp −$191	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	227.42	+0.022%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.46	+0.040%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.40	+0.013%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	227.37	long leg	$7.2M	$9.6M	100x
Variational Omni NVDA	0.0000%	8h	227.41	+0.019%	$3.5M	$2.0M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.48	+0.048%	$20K	$426K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.92	−0.198%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.048%	$198K	$525K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.47	+0.044%	$2.2M	$41K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	227.29	−0.035%	$35K	—	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	+0.0027%	1h	227.46	+0.042%	$118K	$55K	10x	as long as short
Extended NVDA_24_5-USDshort	+0.0032%	1h	227.24	−0.057%	$536K	$446K	10x
Binance NVDAUSDT	+0.0035%	8h	227.45	+0.035%	$156.3M	$220.1M	50x	as long as short
Bitget NVDAUSDT	+0.0039%	8h	227.46	+0.040%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.49	+0.053%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.28	−0.040%	$147.3M	$48.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.32	−0.022%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.28	−0.040%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.25	−0.053%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.42	+0.022%	$1.6M	$11.4M	10x	as long as short
Phoenix NVDA	+0.0070%	1h	227.34	−0.013%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.43	+0.026%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.158%	$1.3M	$862K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	−0.026%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.49	+0.053%	$1.6M	$746K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.031%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.41	+0.018%	$36K	$22K	20x	as long as short
Nado NVDA-PERP	+0.0105%	1h	227.28	−0.038%	$483K	$227K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.31	−0.026%	$400K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0130%	8h	227.48	+0.048%	$672K	$204K	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.57	+0.088%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.73	+0.158%	$73K	$135	30x	as long as short
Lighter NVDA	+0.0240%	1h	227.45	+0.035%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0410%	1h	227.40	+0.013%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0844%	4h	227.41	+0.020%	$170K	$1.9M	20x	as long as short