Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0138%/8h= −15.1% APRpaid last 24h −0.033%

Price spread now: Binance against Injective−0.034%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.211%−$21 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.034% cheaper against Injective than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective NVDA/USDC PERP	227.97	0.0220	pay 0.0028% / 1h	24m 54s	$73K	$137	30x
Short	Binance NVDAUSDT	227.89	0.0082	get 0.0082% / 8h	6h 24m	$156.4M	$216.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now −0.034%Rate

Funding earned: −$28.97
Price spread: −0.034% → 0.000%: −$3.36
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.35
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Binance: live order book, 4 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	0.22 bp	5.5 bp −$5	6.5 bp −$65	21.0 bp −$2,097	doesn't fit

Injective: 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 34 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
Hotstuff NVDA-PERP	−0.0024%	1h	227.72	−0.110%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.80	−0.075%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.87	−0.044%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.83	−0.061%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.77	−0.088%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.90	−0.031%	$15.4M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.38	−0.259%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.96	−0.004%	$198K	$496K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.93	−0.018%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0010%	1h	227.64	−0.145%	$118K	$54K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0018%	8h	227.89	−0.036%	$3.5M	$2.0M	—	as long as short
GRVT NVDA_USDT_Perp	+0.0019%	8h	227.82	−0.066%	$20K	$386K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.68	−0.127%	$400K	$723K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.86	−0.048%	$1.4M	$10.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.95	−0.009%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.69	−0.123%	$148.1M	$44.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.81	−0.070%	$402K	$280K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.73	−0.105%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.56	−0.180%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.224%	$1.3M	$786K	10x	as long as short
Nado NVDA-PERP	+0.0079%	1h	227.75	−0.096%	$484K	$230K	20x	as long as short
Binance NVDAUSDTshort	+0.0082%	8h	227.89	−0.034%	$156.4M	$216.1M	50x
Pacifica NVDA	+0.0100%	1h	227.70	−0.119%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.65	−0.140%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.84	−0.057%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.84	−0.057%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.77	−0.088%	$94K	$112K	20x	as long as short
Extended NVDA_24_5-USD	+0.0112%	1h	227.66	−0.134%	$689K	$714K	10x	as long as short
Lighter NVDA	+0.0128%	1h	227.85	−0.052%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTM	+0.0129%	8h	227.85	−0.053%	$1.6M	$738K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.97	0.000%	$5.1M	$7.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0189%	1h	227.78	−0.083%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERPlong	+0.0220%	1h	227.97	long leg	$73K	$137	30x
edgeX NVDAUSDC	+0.0318%	4h	227.81	−0.070%	$170K	$1.9M	20x	as long as short