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 −0.002%

Price spread now: SoDEX against OKX−0.097%7-day average — · you buy dearer than you sell

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

Long on OKX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.097% cheaper against OKX than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.4 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	OKX NVDA-USDT-SWAP	227.71	0	get 0.0000% / 8h	5h 04m	$14.4M	$20.3M	50x
Short	SoDEX NVDA-USD	227.49	0.0050	get 0.0006% / 1h	4m 53s	$58K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.097%Rate

Funding earned: $10.5
Price spread: −0.097% → 0.000%: −$9.66
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$17.16
Costs to cover: 0.180%
Break-even: 18.4 days

Slippage unknown: OKX: live order book, 4 min ago; SoDEX: no order-book sample. 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 OKX live order book, 4 min ago	0.22 bp	5.7 bp −$6	7.0 bp −$70	17.2 bp −$1,720	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Bybit NVDAUSDT	0.0000%	8h	227.67	−0.018%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	227.71	long leg	$14.4M	$20.3M	50x
Gate NVDA_USDT	0.0000%	8h	227.64	−0.031%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.70	−0.004%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.18	−0.233%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.022%	$198K	$475K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.72	+0.004%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.55	−0.068%	$118K	$54K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	227.47	−0.105%	$35K	—	20x	as long as short
Aster NVDAUSDT	+0.0025%	8h	227.69	−0.011%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0031%	8h	227.69	−0.009%	$21K	$386K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.56	−0.066%	$406K	$746K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.65	−0.026%	$1.4M	$9.5M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.74	+0.013%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.54	−0.075%	$147.9M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.59	−0.053%	$401K	$276K	10x	as long as short
SoDEX NVDA-USDshort	+0.0050%	1h	227.49	−0.097%	$58K	$19K	10x
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.43	−0.123%	$1.6M	$2.0M	15x	as long as short
Variational Omni NVDA	+0.0052%	8h	227.61	−0.044%	$3.5M	$2.1M	—	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.079%	$1.3M	$775K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.48	−0.099%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.52	−0.083%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.61	−0.044%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.57	−0.061%	$49K	$1.6M	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.49	−0.097%	$94K	$112K	20x	as long as short
Binance NVDAUSDT	+0.0109%	8h	227.69	−0.010%	$156.2M	$215.7M	50x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.62	−0.040%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0129%	1h	227.51	−0.087%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0142%	8h	227.70	−0.004%	$1.6M	$724K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.61	−0.042%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.77	+0.026%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.98	+0.119%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0229%	8h	227.62	−0.040%	$722K	$201K	20x	as long as short
edgeX NVDAUSDC	+0.0279%	4h	227.65	−0.025%	$170K	$1.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0416%	1h	227.48	−0.101%	$686K	$733K	10x	as long as short