Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.024%

Price spread now: Extended against GRVT−0.065%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.065%, 7d avg −0.036%

Together, before fees+0.068%+ Points / potential airdropGRVT: Active · Extended: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.029% cheaper against GRVT than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.036%). If the spread goes back, that is −$3 on $10k: about 3.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NVDA_USDT_Perp	227.18	0	get 0.0000% / 8h	2h 23m	$21K	$468K	10x
Short	Extended NVDA_24_5-USD	227.03	0.0032	get 0.0004% / 1h	23m 13s	$522K	$407K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.065%Rate

Funding earned: $6.72
Price spread: −0.065% → −0.036%: −$2.93
Slippage, 4 orders: −$7.97
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$18.18
Costs to cover: 0.220%
Break-even: 25.9 days

Slippage from GRVT: live order book, 64 min ago; Extended: live order book, 64 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, 64 min ago	1.54 bp	6.0 bp −$6	7.6 bp −$76	doesn't fit	doesn't fit
Sell Extended live order book, 64 min ago	0.44 bp	4.6 bp −$5	35.0 bp −$350	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	227.09	−0.037%	$473K	$550K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.12	−0.025%	$12.7M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.15	−0.012%	$14.4M	$21.2M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.00	−0.078%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.10	−0.034%	$7.2M	$9.4M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.19	+0.004%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perplong	0.0000%	8h	227.18	long leg	$21K	$468K	10x
SunX NVDA-USDT	0.0000%	8h	226.85	−0.144%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.09	−0.038%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.22	+0.019%	$202K	$528K	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	227.17	−0.003%	$2.2M	$41K	10x	as long as short
Binance NVDAUSDT	+0.0002%	8h	227.17	−0.003%	$156.2M	$220.6M	50x	as long as short
BloFin NVDA-USDT	+0.0007%	8h	227.19	+0.006%	$713K	$205K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.09	−0.039%	$118K	$54K	10x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.09	−0.038%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.28	+0.045%	$4.9M	$7.0M	20x	as long as short
Extended NVDA_24_5-USDshort	+0.0032%	1h	227.03	−0.065%	$522K	$407K	10x
Nado NVDA-PERP	+0.0045%	1h	227.05	−0.056%	$487K	$223K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.24	+0.028%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.01	−0.074%	$147.1M	$50.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.12	−0.025%	$390K	$235K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.02	−0.069%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.96	−0.096%	$1.6M	$2.1M	15x	as long as short
Bitget NVDAUSDT	+0.0061%	8h	227.17	−0.003%	$15.5M	$18.3M	100x	as long as short
Phoenix NVDA	+0.0070%	1h	227.09	−0.038%	$93K	$112K	20x	as long as short
Lighter NVDA	+0.0080%	1h	227.19	+0.007%	$2.1M	$3.3M	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.14	−0.016%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.03	−0.063%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.17	−0.003%	$1.6M	$752K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.11	−0.030%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.12	−0.025%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	227.01	−0.074%	$1.3M	$911K	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.48	+0.133%	$73K	$136	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.15	−0.012%	$395K	$683K	20x	as long as short
edgeX NVDAUSDC	+0.0879%	4h	227.19	+0.006%	$170K	$1.9M	20x	as long as short