Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.005%

Price spread now: Extended against Orderly−0.050%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.050% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NVDA_USDC	226.85	0.0100	pay 0.0100% / 8h	7h 03m	$36K	$20K	20x
Short	Extended NVDA_24_5-USD	226.74	0.0032	get 0.0004% / 1h	3m 45s	$640K	$872K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$14.28
Price spread: −0.050% → 0.000%: −$4.99
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$30.27
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 29 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 Extended live order book, 29 min ago	0.22 bp	8.8 bp −$9	32.4 bp −$324	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	226.88	+0.013%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.90	+0.022%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.87	+0.009%	$7.2M	$10.1M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.95	+0.044%	$15.7M	$16.0M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.57	−0.123%	$2K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.03	+0.079%	$198K	$436K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.97	+0.053%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0010%	1h	226.80	−0.021%	$117K	$51K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0014%	8h	226.92	+0.031%	$21K	$431K	10x	as long as short
Lighter NVDA	+0.0032%	1h	226.87	+0.007%	$2.1M	$3.3M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USDshort	+0.0032%	1h	226.74	−0.050%	$640K	$872K	10x
Arcus NVDA-USD	+0.0040%	1h	226.86	+0.004%	$392K	$739K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.03	+0.079%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.75	−0.044%	$147.6M	$44.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.78	−0.031%	$392K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.74	−0.048%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.73	−0.053%	$1.6M	$1.9M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.82	−0.013%	$53K	$1.9M	10x	as long as short
Nado NVDA-PERP	+0.0072%	1h	226.80	−0.021%	$482K	$221K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.90	+0.022%	$1.3M	$9.1M	10x	as long as short
Aster NVDAUSDT	+0.0078%	8h	226.72	−0.059%	$484K	$544K	20x	as long as short
Lighter RH NVDA	+0.0080%	1h	227.02	+0.075%	$5.1M	$7.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.75	−0.046%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.76	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDClong	+0.0100%	8h	226.85	long leg	$36K	$20K	20x
Variational Omni NVDA	+0.0105%	8h	226.92	+0.030%	$3.2M	$2.5M	—	as long as short
KuCoin NVDAUSDTM	+0.0115%	8h	226.87	+0.009%	$1.6M	$1.1M	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.87	+0.011%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.48	−0.163%	$1.3M	$683K	10x	as long as short
Binance NVDAUSDT	+0.0163%	8h	226.92	+0.032%	$155.5M	$223.0M	50x	as long as short
Hotstuff NVDA-PERP	+0.0208%	1h	226.77	−0.035%	$35K	—	20x	as long as short
Phoenix NVDA	+0.0212%	1h	226.84	−0.004%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.96	+0.048%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0281%	8h	226.99	+0.062%	$712K	$201K	20x	as long as short
edgeX NVDAUSDC	+0.0879%	4h	226.90	+0.023%	$171K	$1.9M	20x	as long as short