Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.043%

Price spread now: Bitget against Injective−0.061%91s7-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 Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$19 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 −$6 a day on $10k at the current rate, and Bitget is 0.061% cheaper against Injective than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 91 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	Injective NVDA/USDC PERP	227.67	0.0220	pay 0.0028% / 1h	5m 50s	$73K	$140	30x
Short	Bitget NVDAUSDT	227.53	0.0024	get 0.0024% / 8h	5m 50s	$15.5M	$17.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$41.16
Price spread: −0.061% → 0.000%: −$6.15
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$59.33
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.22 bp	7.5 bp −$8	10.3 bp −$103	doesn't fit	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 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	227.47	−0.088%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.53	−0.061%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	−0.053%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.46	−0.092%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.52	−0.064%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.42	−0.110%	$20K	$407K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.08	−0.259%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.61	−0.026%	$198K	$525K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.58	−0.040%	$2.2M	$42K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.50	−0.075%	$49K	$1.4M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0018%	1h	227.29	−0.167%	$118K	$56K	10x	as long as short
Bitget NVDAUSDTshort	+0.0024%	8h	227.53	−0.061%	$15.5M	$17.4M	100x
Extended NVDA_24_5-USD	+0.0032%	1h	227.40	−0.120%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0036%	8h	227.55	−0.053%	$156.4M	$219.3M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.64	−0.013%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.40	−0.119%	$147.9M	$48.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.48	−0.083%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.37	−0.132%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.29	−0.167%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.51	−0.070%	$1.6M	$11.5M	10x	as long as short
Nado NVDA-PERP	+0.0062%	1h	227.44	−0.101%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.50	−0.074%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.290%	$1.3M	$842K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.41	−0.116%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.163%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	−0.075%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.35	−0.141%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0110%	8h	227.42	−0.110%	$1.6M	$742K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.36	−0.136%	$400K	$724K	20x	as long as short
Hotstuff NVDA-PERP	+0.0128%	1h	227.40	−0.119%	$35K	—	20x	as long as short
BloFin NVDA-USDT	+0.0142%	8h	227.49	−0.079%	$715K	$205K	20x	as long as short
Lighter RH NVDA	+0.0176%	1h	227.68	+0.004%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0184%	1h	227.56	−0.048%	$2.2M	$3.3M	20x	as long as short
Injective NVDA/USDC PERPlong	+0.0220%	1h	227.67	long leg	$73K	$140	30x
edgeX NVDAUSDC	+0.0580%	4h	227.37	−0.130%	$170K	$1.9M	20x	as long as short