Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against GRVT−0.039%63s7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as 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−$270.267% of the position

Long on GRVT Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.039%, 7d avg −0.036%

Together, before fees+0.093%+ Points / potential airdropGRVT: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.088%, so the current rate has only just turned against you. The two prices were read 63 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	227.94	0.0165	pay 0.0165% / 8h	7h 10m	$20K	$392K	10x
Short	Polymarket Perps NVDA-USD	227.85	0.0050	get 0.0006% / 1h	10m 26s	$402K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$24.15
Price spread: −0.039% → −0.036%: −$0.34
Slippage, 4 orders: −$9.66
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$51.16
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from GRVT: live order book, 62 min ago; Polymarket Perps: live order book, 62 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, 62 min ago	1.54 bp	6.0 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 62 min ago	0.88 bp	7.9 bp −$8	9.1 bp −$91	10.7 bp −$1,067	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	227.72	−0.094%	$483K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.91	−0.013%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.89	−0.022%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.83	−0.048%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.44	−0.219%	$2K	$3.8M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.76	−0.079%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.96	+0.009%	$198K	$509K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.88	−0.026%	$2.2M	$43K	10x	as long as short
Variational Omni NVDA	+0.0004%	8h	227.82	−0.054%	$3.5M	$1.9M	—	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.70	−0.104%	$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
Extended NVDA_24_5-USD	+0.0032%	1h	227.72	−0.094%	$524K	$469K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.72	−0.096%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.87	−0.031%	$1.6M	$11.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	228.01	+0.031%	—	$74K	25x	as long as short
Bitget NVDAUSDT	+0.0046%	8h	227.97	+0.013%	$15.5M	$16.9M	100x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.77	−0.075%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.79	−0.066%	$147.9M	$46.1M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	227.85	−0.039%	$402K	$289K	10x
SoDEX NVDA-USD	+0.0050%	1h	227.69	−0.110%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.69	−0.110%	$1.5M	$2.1M	15x	as long as short
Binance NVDAUSDT	+0.0074%	8h	227.92	−0.010%	$156.5M	$217.3M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.211%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.80	−0.063%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.81	−0.056%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.75	−0.084%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.71	−0.101%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.82	−0.053%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.74	−0.088%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0141%	8h	227.91	−0.013%	$1.6M	$735K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.95	+0.004%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.06	+0.053%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perplong	+0.0165%	8h	227.94	long leg	$20K	$392K	10x
BloFin NVDA-USDT	+0.0194%	8h	227.85	−0.039%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.36	+0.184%	$73K	$139	30x	as long as short
edgeX NVDAUSDC	+0.0997%	4h	227.90	−0.016%	$170K	$1.9M	20x	as long as short