Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.013%

Price spread now: SoDEX against GRVT−0.070%74s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.070% cheaper against GRVT than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 13 days of funding at the current rate (+$1 a day). The two prices were read 74 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	227.69	0.0032	pay 0.0032% / 8h	5h 10m	$21K	$386K	10x
Short	SoDEX NVDA-USD	227.53	0.0050	get 0.0006% / 1h	10m 10s	$58K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $3.78
Price spread: −0.070% → 0.000%: −$7.03
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$20.25
Costs to cover: 0.170%
Break-even: 44.5 days

Slippage unknown: GRVT: live order book, 52 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 52 min ago	1.76 bp	6.3 bp −$6	8.5 bp −$85	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit NVDAUSDT	0.0000%	8h	227.68	−0.004%	$12.7M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.70	+0.004%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.62	−0.031%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.73	+0.018%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.28	−0.180%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.031%	$198K	$475K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.70	+0.004%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.50	−0.084%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0022%	8h	227.68	−0.003%	$483K	$590K	20x	as long as short
GRVT NVDA_USDT_Perplong	+0.0032%	8h	227.69	long leg	$21K	$386K	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.57	−0.053%	$406K	$746K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.68	−0.004%	$1.4M	$9.5M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.77	+0.035%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.53	−0.070%	$35K	—	20x	as long as short
Variational Omni NVDA	+0.0049%	8h	227.62	−0.030%	$3.5M	$2.1M	—	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.53	−0.070%	$147.9M	$44.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.63	−0.026%	$402K	$277K	10x	as long as short
SoDEX NVDA-USDshort	+0.0050%	1h	227.53	−0.070%	$58K	$19K	10x
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.39	−0.132%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.070%	$1.3M	$777K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.51	−0.078%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.088%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.66	−0.013%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.67	−0.010%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.60	−0.040%	$94K	$112K	20x	as long as short
Binance NVDAUSDT	+0.0106%	8h	227.72	+0.013%	$156.3M	$215.1M	50x	as long as short
Nado NVDA-PERP	+0.0130%	1h	227.54	−0.065%	$484K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0143%	8h	227.72	+0.013%	$1.6M	$723K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.67	−0.009%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.80	+0.048%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.98	+0.127%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0226%	8h	227.71	+0.009%	$725K	$201K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0234%	1h	227.60	−0.040%	$49K	$1.6M	10x	as long as short
Extended NVDA_24_5-USD	+0.0416%	1h	227.47	−0.097%	$686K	$729K	10x	as long as short
edgeX NVDAUSDC	+0.0474%	4h	227.63	−0.028%	$170K	$1.9M	20x	as long as short