Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: tradeXYZ against GRVT−0.099%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on GRVT Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.099%, 7d avg −0.058%

Together, before fees+0.169%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.041% cheaper against GRVT than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.058%). If the spread goes back, that is −$4 on $10k: about 2.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NVDA_USDT_Perp	227.63	0	get 0.0000% / 8h	5h 26m	$20K	$384K	10x
Short	tradeXYZ xyz:NVDA	227.40	0.0050	get 0.0006% / 1h	26m 52s	$147.9M	$44.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.099%Rate

Funding earned: $10.5
Price spread: −0.099% → −0.058%: −$4.15
Slippage, 4 orders: −$4.41
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$25.05
Costs to cover: 0.314%
Break-even: 23.7 days

Slippage from GRVT: live order book, 36 min ago; tradeXYZ: live order book, 12 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, 36 min ago	1.76 bp	6.3 bp −$6	8.5 bp −$85	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.22 bp	9.4 bp −$9	11.0 bp −$110	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
Bybit NVDAUSDT	0.0000%	8h	227.56	−0.029%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.53	−0.042%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.48	−0.064%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.62	−0.003%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perplong	0.0000%	8h	227.63	long leg	$20K	$384K	10x
SunX NVDA-USDT	0.0000%	8h	227.05	−0.253%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.059%	$198K	$478K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	+0.006%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0012%	8h	227.58	−0.019%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.52	−0.048%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0036%	8h	227.62	−0.003%	$3.5M	$2.1M	—	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	227.40	−0.099%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.63	+0.002%	$406K	$745K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.56	−0.029%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.64	+0.006%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	227.40	−0.099%	$147.9M	$44.2M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.52	−0.047%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.40	−0.099%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.43	−0.086%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.042%	$1.3M	$777K	10x	as long as short
Binance NVDAUSDT	+0.0097%	8h	227.57	−0.025%	$156.2M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	−0.101%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.50	−0.055%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.54	−0.038%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.56	−0.028%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.50	−0.055%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0125%	1h	227.40	−0.098%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0135%	8h	227.61	−0.007%	$1.6M	$724K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.54	−0.038%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.67	+0.019%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0217%	8h	227.62	−0.003%	$723K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.160%	$73K	$137	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0322%	1h	227.49	−0.060%	$49K	$1.6M	10x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	227.33	−0.130%	$689K	$722K	10x	as long as short
edgeX NVDAUSDC	+0.0749%	4h	227.62	−0.003%	$170K	$1.9M	20x	as long as short