Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.041%

Price spread now: Coinbase International against GRVT−0.200%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 3 days (all we have)+0.077%+$8 · spread now −0.200%, 7d avg −0.064%

Together, before fees+0.257%+ Points / potential airdropGRVT: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.135% cheaper against GRVT than usual: you would sell low and buy high (spread −0.200% now, against its 7-day average of −0.064%). If the spread goes back, that is −$14 on $10k: about 4.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NVDA_USDT_Perp	227.46	0	get 0.0000% / 8h	1h 31m	$20K	$441K	10x
Short	Coinbase International NVDA-PERP-INTX	227.01	0.0096	get 0.0012% / 1h	31m 15s	$1.3M	$888K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GRVT. 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 GRVTbpFee Coinbase InternationalbpOrdersPrice spread, now −0.200%Rate

Funding earned: $20.16
Price spread: −0.200% → −0.064%: −$13.52
Slippage, 4 orders: −$11.21
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$23.57
Costs to cover: 0.302%
Break-even: 15.2 days

Slippage from GRVT: live order book, 51 min ago; Coinbase International: live order book, 2 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 GRVT live order book, 51 min ago	1.10 bp	6.6 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	0.22 bp	7.1 bp −$7	9.9 bp −$99	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
Hotstuff NVDA-PERP	−0.0008%	1h	227.30	−0.072%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.49	+0.011%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.43	−0.015%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.45	−0.006%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.40	−0.028%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.43	−0.016%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perplong	0.0000%	8h	227.46	long leg	$20K	$441K	10x
SunX NVDA-USDT	0.0000%	8h	227.02	−0.195%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	−0.024%	$202K	$522K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.025%	$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	+0.0006%	8h	227.46	0.000%	$156.1M	$220.8M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.34	−0.053%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0021%	8h	227.48	+0.007%	$15.6M	$17.8M	100x	as long as short
BloFin NVDA-USDT	+0.0022%	8h	227.50	+0.016%	$713K	$204K	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.25	−0.095%	$524K	$414K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.44	−0.011%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.51	+0.020%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.31	−0.068%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.36	−0.046%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.32	−0.063%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.072%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.38	−0.037%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.46	−0.003%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0082%	1h	227.30	−0.071%	$484K	$227K	20x	as long as short
Coinbase International NVDA-PERP-INTXshort	+0.0096%	1h	227.01	−0.200%	$1.3M	$888K	10x
Pacifica NVDA	+0.0100%	1h	227.30	−0.072%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.45	−0.006%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.33	−0.059%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.43	−0.015%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.58	+0.051%	$4.9M	$7.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.36	−0.046%	$49K	$1.5M	10x	as long as short
Lighter NVDA	+0.0160%	1h	227.47	+0.001%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.064%	$73K	$136	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.35	−0.050%	$388K	$709K	20x	as long as short
edgeX NVDAUSDC	+0.0521%	4h	227.48	+0.006%	$170K	$1.9M	20x	as long as short