Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: SunX against OKX−0.228%7-day average −0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$760.755% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 3 days (all we have)+0.098%+$10 · spread now −0.228%, 7d avg −0.122%

Together, before fees−0.055%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.107% cheaper against OKX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	227.76	0	get 0.0000% / 8h	5h 57m	$14.4M	$20.2M	50x
Short	SunX NVDA-USDT	227.24	0	get 0.0000% / 8h	5h 57m	$2K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.228%Rate

Funding earned: $0
Price spread: −0.228% → −0.122%: −$10.66
Slippage, 4 orders: −$57.51
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$86.18
Costs to cover: 0.755%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; SunX: live order book, 10 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, 1 min ago	0.22 bp	6.3 bp −$6	7.9 bp −$79	21.7 bp −$2,170	doesn't fit
Sell SunX live order book, 10 min ago	21.97 bp	26.0 bp −$26	55.7 bp −$557	doesn't fit	doesn't fit

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
Aster NVDAUSDT	0.0000%	8h	227.75	−0.003%	$484K	$590K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.76	0.000%	$12.7M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	227.76	long leg	$14.4M	$20.2M	50x
Gate NVDA_USDT	0.0000%	8h	227.69	−0.031%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.82	+0.026%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.68	−0.036%	$20K	$389K	10x	as long as short
SunX NVDA-USDTshort	0.0000%	8h	227.24	−0.228%	$2K	$3.7M	20x
HTX NVDA-USDT	0.0000%	8h	227.84	+0.035%	$198K	$482K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.78	+0.009%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.53	−0.103%	$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	+0.0021%	8h	227.69	−0.033%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.73	−0.013%	$406K	$712K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.73	−0.013%	$1.4M	$9.8M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.81	+0.022%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.51	−0.110%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.62	−0.061%	$148.1M	$44.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.70	−0.026%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.57	−0.083%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.54	−0.097%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.132%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0084%	8h	227.79	+0.015%	$156.3M	$215.3M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.60	−0.070%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.55	−0.092%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.73	−0.013%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.67	−0.038%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.57	−0.083%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.75	−0.004%	$1.6M	$727K	20x	as long as short
Nado NVDA-PERP	+0.0142%	1h	227.56	−0.086%	$484K	$229K	20x	as long as short
Extended NVDA_24_5-USD	+0.0168%	1h	227.53	−0.099%	$689K	$714K	10x	as long as short
Lighter NVDA	+0.0176%	1h	227.74	−0.008%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.91	+0.066%	$5.1M	$7.0M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.066%	$73K	$134	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0277%	1h	227.69	−0.031%	$49K	$1.6M	10x	as long as short
edgeX NVDAUSDC	+0.0882%	4h	227.69	−0.031%	$170K	$1.9M	20x	as long as short