Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0360%/8h= +39.4% APRpaid last 24h +0.005%

Price spread now: Extended against OKX−0.075%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now −0.075%, 7d avg −0.056%

Together, before fees−0.080%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.035% in total (about -1.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	226.68	0	get 0.0000% / 8h	2h 13m	$14.2M	$20.5M	50x
Short	Extended NVDA_24_5-USD	226.51	0.0360	get 0.0045% / 1h	13m 52s	$668K	$766K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.075%Rate

Funding earned: $75.6
Price spread: −0.075% → −0.056%: −$1.85
Slippage, 4 orders: −$8.08
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $50.67
Costs to cover: 0.231%
Break-even: 2.3 days

Slippage from OKX: live order book, 5 min ago; Extended: live order book, 34 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 OKX live order book, 5 min ago	0.22 bp	6.5 bp −$6	8.5 bp −$85	18.3 bp −$1,833	doesn't fit
Sell Extended live order book, 34 min ago	0.22 bp	4.1 bp −$4	42.2 bp −$422	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
Aster NVDAUSDT	0.0000%	8h	226.64	−0.016%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.70	+0.009%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	226.68	long leg	$14.2M	$20.5M	50x
Gate NVDA_USDT	0.0000%	8h	226.67	−0.004%	$7.3M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.67	−0.004%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.68	0.000%	$21K	$417K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.40	−0.124%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.47	−0.093%	$198K	$458K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.67	−0.004%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0006%	8h	226.54	−0.063%	$3.6M	$2.1M	—	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	+0.0012%	1h	226.44	−0.105%	$117K	$52K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.54	−0.062%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.61	−0.031%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.72	+0.018%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	226.44	−0.106%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.57	−0.049%	$147.2M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.59	−0.040%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.51	−0.075%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.38	−0.132%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0064%	1h	226.69	+0.005%	$2.1M	$3.4M	20x	as long as short
Binance NVDAUSDT	+0.0080%	8h	226.73	+0.024%	$154.5M	$218.7M	50x	as long as short
Nado NVDA-PERP	+0.0081%	1h	226.49	−0.084%	$482K	$227K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.46	−0.097%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.61	−0.031%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.47	−0.093%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.67	−0.004%	$36K	$21K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	226.83	+0.066%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.68	+0.001%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.57	−0.049%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.172%	$1.3M	$789K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0147%	1h	226.66	−0.009%	$53K	$1.8M	10x	as long as short
BloFin NVDA-USDT	+0.0201%	8h	226.56	−0.053%	$714K	$193K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.088%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USDshort	+0.0360%	1h	226.51	−0.075%	$668K	$766K	10x
edgeX NVDAUSDC	+0.0960%	4h	226.61	−0.030%	$170K	$1.9M	20x	as long as short