Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.001%

Price spread now: tradeXYZ against OKX−0.053%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.053%, 7d avg −0.084%

Together, before fees−0.017%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.032% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	227.54	0	get 0.0000% / 8h	4h 36m	$14.4M	$20.4M	50x
Short	tradeXYZ xyz:NVDA	227.42	0.0050	get 0.0006% / 1h	36m 05s	$147.7M	$43.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.053%Rate

Funding earned: $10.5
Price spread: −0.053% → −0.084%: $3.16
Slippage, 4 orders: −$2.4
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$16.75
Costs to cover: 0.304%
Break-even: 18.2 days

Slippage from OKX: live order book, 2 min ago; tradeXYZ: live order book, 4 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, 2 min ago	0.22 bp	6.0 bp −$6	7.3 bp −$73	15.7 bp −$1,571	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.22 bp	9.5 bp −$10	10.7 bp −$107	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
Bybit NVDAUSDT	0.0000%	8h	227.57	+0.013%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	227.54	long leg	$14.4M	$20.4M	50x
Gate NVDA_USDT	0.0000%	8h	227.50	−0.018%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.60	+0.026%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.17	−0.163%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.47	−0.031%	$49K	$1.6M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.044%	$198K	$471K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.57	+0.013%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.42	−0.055%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0037%	8h	227.56	+0.008%	$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
Arcus NVDA-USD	+0.0040%	1h	227.44	−0.044%	$400K	$745K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.69	+0.066%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	227.42	−0.053%	$147.7M	$43.7M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.53	−0.004%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.41	−0.057%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.27	−0.119%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.51	−0.013%	$1.4M	$9.3M	10x	as long as short
Lighter NVDA	+0.0064%	1h	227.55	+0.004%	$2.2M	$3.3M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0066%	8h	227.61	+0.031%	$20K	$390K	10x	as long as short
Variational Omni NVDA	+0.0068%	8h	227.54	−0.002%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0077%	1h	227.47	−0.032%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.47	−0.033%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.40	−0.062%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	−0.018%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.004%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.53	−0.006%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0120%	8h	227.57	+0.013%	$156.5M	$216.2M	50x	as long as short
Phoenix NVDA	+0.0141%	1h	227.45	−0.040%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0141%	8h	227.55	+0.004%	$1.6M	$725K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.71	+0.075%	$5.1M	$7.1M	20x	as long as short
Hotstuff NVDA-PERP	+0.0144%	1h	227.43	−0.048%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.84	+0.132%	$73K	$137	30x	as long as short
BloFin NVDA-USDT	+0.0242%	8h	227.52	−0.009%	$721K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0408%	1h	227.42	−0.053%	$685K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0986%	4h	227.48	−0.028%	$170K	$1.9M	20x	as long as short