Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Phemex against GRVT+0.044%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$830.833% of the position

Long on GRVT Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 3 days (all we have)−0.084%−$8 · spread now +0.044%, 7d avg +0.027%

Together, before fees−0.112%+ Points / potential airdropGRVT: Active · farm board−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NVDA_USDT_Perp	227.52	0	get 0.0000% / 8h	42m 43s	$20K	$427K	10x
Short	Phemex NVDAUSDT	227.62	0	get 0.0000% / 4h	42m 43s	$2.2M	$42K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.027%: $1.66
Slippage, 4 orders: −$62.34
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$81.68
Costs to cover: 0.833%
Break-even: never at this rate

Slippage from GRVT: live order book, 35 min ago; Phemex: live order book, 6 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, 35 min ago	0.88 bp	5.4 bp −$5	8.3 bp −$83	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	2.64 bp	34.1 bp −$34	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	227.43	−0.038%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.58	+0.026%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.53	+0.004%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.48	−0.018%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.45	−0.032%	$3.6M	$2.1M	—	as long as short
GRVT NVDA_USDT_Perplong	0.0000%	8h	227.52	long leg	$20K	$427K	10x
SunX NVDA-USDT	0.0000%	8h	227.03	−0.215%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.018%	$198K	$524K	30x	as long as short
Phemex NVDAUSDTshort	0.0000%	4h	227.62	+0.044%	$2.2M	$42K	10x
Aftermath Perps NVDAUSD	+0.0030%	1h	227.40	−0.054%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0045%	8h	227.59	+0.031%	$15.6M	$17.7M	100x	as long as short
Binance NVDAUSDT	+0.0045%	8h	227.57	+0.022%	$156.4M	$220.2M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.61	+0.040%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.42	−0.044%	$147.5M	$48.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.46	−0.026%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.42	−0.044%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.40	−0.053%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.54	+0.009%	$1.6M	$11.4M	10x	as long as short
Extended NVDA_24_5-USD	+0.0064%	1h	227.35	−0.075%	$536K	$446K	10x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	227.42	−0.044%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.56	+0.019%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0089%	1h	227.41	−0.048%	$484K	$228K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.224%	$1.3M	$862K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	−0.053%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	−0.004%	$1.6M	$744K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.062%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.55	+0.013%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.47	−0.022%	$94K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.40	−0.053%	$400K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0164%	8h	227.49	−0.013%	$713K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.72	+0.088%	$73K	$136	30x	as long as short
Lighter RH NVDA	+0.0240%	1h	227.70	+0.079%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0256%	1h	227.59	+0.031%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0366%	1h	227.54	+0.009%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0643%	4h	227.53	+0.003%	$170K	$1.9M	20x	as long as short