Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: SunX against Injective−0.238%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 SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.401%−$40 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 −$7 a day on $10k at the current rate, and SunX is 0.238% cheaper against Injective than usual: you would sell low and buy high (−$24 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	227.12	0.0220	pay 0.0028% / 1h	53m 04s	$73K	$136	30x
Short	SunX NVDA-USDT	226.58	0	get 0.0000% / 8h	2h 53m	$2K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.238%Rate

Funding earned: −$46.2
Price spread: −0.238% → 0.000%: −$23.78
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$78
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago	22.06 bp	26.1 bp −$26	55.6 bp −$556	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	226.90	−0.097%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.90	−0.097%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.91	−0.092%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.87	−0.110%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.94	−0.079%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.86	−0.115%	$21K	$406K	10x	as long as short
SunX NVDA-USDTshort	0.0000%	8h	226.58	−0.238%	$2K	$3.7M	20x
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.85	−0.119%	$51K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.94	−0.079%	$198K	$463K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.89	−0.101%	$2.2M	$43K	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	+0.0008%	1h	226.66	−0.200%	$117K	$53K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	226.84	−0.125%	$3.6M	$2.1M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.88	−0.107%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.75	−0.163%	$398K	$732K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.89	−0.101%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.01	−0.048%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.79	−0.145%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.86	−0.114%	$399K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.75	−0.163%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.57	−0.242%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0059%	1h	226.80	−0.140%	$482K	$226K	20x	as long as short
Binance NVDAUSDT	+0.0083%	8h	226.94	−0.080%	$155.2M	$217.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.77	−0.152%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.85	−0.119%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.70	−0.185%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.90	−0.097%	$36K	$21K	20x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	226.74	−0.167%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.89	−0.101%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.74	−0.167%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0120%	1h	227.07	−0.022%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.63	−0.216%	$1.3M	$782K	10x	as long as short
BloFin NVDA-USDT	+0.0203%	8h	226.96	−0.070%	$718K	$191K	20x	as long as short
Injective NVDA/USDC PERPlong	+0.0220%	1h	227.12	long leg	$73K	$136	30x
Extended NVDA_24_5-USD	+0.0240%	1h	226.77	−0.152%	$668K	$767K	10x	as long as short
edgeX NVDAUSDC	+0.0853%	4h	226.81	−0.139%	$170K	$1.9M	20x	as long as short