Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against Gate+0.097%99s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.435%+$44 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.097% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	227.39	0	get 0.0000% / 8h	1h 37m	$7.2M	$9.5M	100x
Short	Injective NVDA/USDC PERP	227.61	0.0220	get 0.0028% / 1h	37m 32s	$73K	$136	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.097%Rate

Funding earned: $46.2
Price spread: +0.097% → 0.000%: $9.68
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $40.86
Costs to cover: 0.150%
Break-even: 0.8 days

Slippage unknown: Gate: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

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, 1 min ago	1.10 bp	13.4 bp −$13	20.2 bp −$202	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff NVDA-PERP	−0.0064%	1h	227.25	−0.062%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.37	−0.008%	$474K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.52	+0.057%	$156.2M	$220.7M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.48	+0.040%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.46	+0.031%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	227.39	long leg	$7.2M	$9.5M	100x
Variational Omni NVDA	0.0000%	8h	227.34	−0.022%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.35	−0.018%	$20K	$446K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.95	−0.194%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	+0.009%	$202K	$523K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.36	−0.013%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.08	−0.134%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0018%	8h	227.51	+0.053%	$15.6M	$18.1M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.27	−0.054%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.44	+0.022%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.53	+0.062%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.33	−0.026%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.32	−0.031%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.21	−0.079%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.09	−0.132%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0070%	1h	227.34	−0.023%	$484K	$227K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.25	−0.062%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.36	−0.012%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.167%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.27	−0.052%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.33	−0.026%	$1.6M	$753K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.22	−0.075%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.32	−0.031%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	227.57	+0.079%	$4.9M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.38	−0.004%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.50	+0.047%	$2.1M	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.27	−0.053%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERPshort	+0.0220%	1h	227.61	+0.097%	$73K	$136	30x
edgeX NVDAUSDC	+0.0268%	4h	227.36	−0.014%	$170K	$1.9M	20x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.37	−0.009%	$388K	$709K	20x	as long as short