Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%

Price spread now: Pacifica against GRVT−0.071%51s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.322% of the position

Long on GRVT Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.071%, 7d avg −0.047%

Together, before fees+0.162%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.024% cheaper against GRVT than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of −0.047%). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day). The two prices were read 51 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	GRVT NVDA_USDT_Perp	226.42	0	get 0.0000% / 8h	2h 21m	$22K	$410K	10x
Short	Pacifica NVDA	226.26	0.0100	get 0.0013% / 1h	21m 49s	$297K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.071%Rate

Funding earned: $21
Price spread: −0.071% → −0.047%: −$2.4
Slippage, 4 orders: −$15.2
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$13.6
Costs to cover: 0.322%
Break-even: 11.5 days

Slippage from GRVT: live order book, 26 min ago; Pacifica: live order book, 26 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, 26 min ago	1.10 bp	5.6 bp −$6	7.9 bp −$79	doesn't fit	doesn't fit
Sell Pacifica live order book, 26 min ago	1.54 bp	9.1 bp −$9	doesn't fit	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	226.56	+0.060%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.51	+0.038%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.49	+0.029%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.48	+0.025%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.60	+0.078%	$15.2M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perplong	0.0000%	8h	226.42	long leg	$22K	$410K	10x
SunX NVDA-USDT	0.0000%	8h	226.11	−0.139%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.55	+0.056%	$198K	$459K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.53	+0.047%	$2.2M	$43K	10x	as long as short
Variational Omni NVDA	+0.0004%	8h	226.34	−0.038%	$3.6M	$2.1M	—	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	+0.0012%	1h	226.34	−0.039%	$117K	$52K	10x	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	226.29	−0.059%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.34	−0.037%	$398K	$728K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.32	−0.046%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.46	+0.016%	—	$74K	25x	as long as short
Lighter NVDA	+0.0048%	1h	226.38	−0.020%	$2.1M	$3.4M	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.43	+0.003%	$147.1M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.34	−0.037%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.28	−0.064%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.19	−0.103%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.33	−0.042%	$53K	$1.8M	10x	as long as short
Nado NVDA-PERP	+0.0078%	1h	226.24	−0.081%	$481K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	226.51	+0.038%	$154.4M	$218.5M	50x	as long as short
Lighter RH NVDA	+0.0096%	1h	226.62	+0.086%	$5.1M	$7.1M	20x	as long as short
Pacifica NVDAshort	+0.0100%	1h	226.26	−0.071%	$297K	$50K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	226.44	+0.007%	$1.6M	$739K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.19	−0.103%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.35	−0.033%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.38	−0.022%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.27	−0.068%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.059%	$1.3M	$789K	10x	as long as short
BloFin NVDA-USDT	+0.0200%	8h	226.44	+0.007%	$716K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.71	+0.126%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0344%	1h	226.34	−0.037%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0908%	4h	226.31	−0.051%	$170K	$1.9M	20x	as long as short