Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.003%

Price spread now: Arcus against Orderly+0.026%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Arcus is 0.026% dearer against Orderly than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NVDA_USDC	227.66	0.0100	pay 0.0100% / 8h	5h 36m	$36K	$22K	20x
Short	Arcus NVDA-USD	227.72	0.0040	get 0.0005% / 1h	36m 20s	$406K	$710K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Orderly. 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 OrderlybpFee ArcusbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$12.54
Price spread: +0.026% → 0.000%: $2.64
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$20.41
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Arcus: live order book, 28 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 Orderly no order-book sample	—	—	—	—	—
Sell Arcus live order book, 28 min ago	1.10 bp	3.3 bp −$3	10.8 bp −$108	doesn't fit	doesn't fit

Orderly: 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	227.71	+0.022%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.71	+0.022%	$14.4M	$20.2M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.59	−0.031%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.68	+0.009%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.76	+0.044%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.72	+0.026%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.25	−0.180%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.044%	$198K	$479K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.81	+0.066%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0007%	8h	227.73	+0.033%	$484K	$590K	20x	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	+0.0011%	1h	227.53	−0.055%	$118K	$54K	10x	as long as short
Variational Omni NVDA	+0.0027%	8h	227.69	+0.013%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USDshort	+0.0040%	1h	227.72	+0.026%	$406K	$710K	20x
QFEX NVDA-USD	+0.0044%	1h	227.72	+0.026%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.78	+0.053%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.56	−0.044%	$148.1M	$44.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.66	0.000%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.57	−0.040%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.54	−0.053%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.088%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0091%	8h	227.75	+0.039%	$156.3M	$215.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.54	−0.053%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.56	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDClong	+0.0100%	8h	227.66	long leg	$36K	$22K	20x
Aevo NVDA-PERP	+0.0104%	1h	227.70	+0.019%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.63	−0.013%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0118%	1h	227.57	−0.041%	$484K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0132%	8h	227.74	+0.035%	$1.6M	$723K	20x	as long as short
Lighter NVDA	+0.0176%	1h	227.68	+0.009%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.80	+0.061%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0210%	8h	227.78	+0.053%	$722K	$202K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.145%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USD	+0.0312%	1h	227.47	−0.083%	$689K	$716K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0409%	1h	227.65	−0.004%	$49K	$1.6M	10x	as long as short
edgeX NVDAUSDC	+0.0993%	4h	227.68	+0.010%	$170K	$1.9M	20x	as long as short