Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Gate+0.044%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1071.071% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.044%, 7d avg +0.041%

Together, before fees+0.006%+$1 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	227.83	0	get 0.0000% / 8h	6h 23m	$7.2M	$9.6M	100x
Short	Phemex NVDAUSDT	227.93	0	get 0.0000% / 4h	2h 23m	$2.2M	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.041%: $0.3
Slippage, 4 orders: −$80.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$106.83
Costs to cover: 1.071%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago	0.22 bp	11.7 bp −$12	19.4 bp −$194	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	0.88 bp	42.7 bp −$43	doesn't fit	doesn't fit	doesn't fit

NVDA on 34 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	227.79	−0.015%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.87	+0.018%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.91	+0.035%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	227.83	long leg	$7.2M	$9.6M	100x
Bitget NVDAUSDT	0.0000%	8h	227.95	+0.053%	$15.4M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.43	−0.176%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.96	+0.057%	$198K	$496K	30x	as long as short
Phemex NVDAUSDTshort	0.0000%	4h	227.93	+0.044%	$2.2M	$43K	10x
Hotstuff NVDA-PERP	+0.0008%	1h	227.77	−0.026%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.74	−0.040%	$118K	$54K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0018%	8h	227.89	+0.025%	$3.5M	$2.0M	—	as long as short
GRVT NVDA_USDT_Perp	+0.0019%	8h	227.82	−0.004%	$20K	$386K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.69	−0.061%	$400K	$723K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.89	+0.026%	$1.4M	$10.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.98	+0.066%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.77	−0.026%	$148.2M	$44.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.86	+0.013%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.75	−0.035%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.56	−0.119%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.162%	$1.3M	$786K	10x	as long as short
Nado NVDA-PERP	+0.0080%	1h	227.78	−0.021%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0083%	8h	227.91	+0.037%	$156.4M	$216.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.74	−0.041%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.65	−0.079%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	+0.013%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.89	+0.025%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.77	−0.026%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.91	+0.033%	$2.2M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0128%	1h	227.63	−0.088%	$689K	$714K	10x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.88	+0.022%	$1.6M	$737K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	228.04	+0.092%	$5.1M	$7.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0189%	1h	227.83	0.000%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.97	+0.061%	$73K	$137	30x	as long as short
edgeX NVDAUSDC	+0.0318%	4h	227.81	−0.008%	$170K	$1.9M	20x	as long as short