Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: Injective against Orderly+0.159%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 Injective

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—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 0.159% dearer against Orderly than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NVDA_USDC	226.52	0.0100	pay 0.0100% / 8h	2h 14m	$36K	$21K	20x
Short	Injective NVDA/USDC PERP	226.88	0.0220	get 0.0028% / 1h	14m 50s	$73K	$139	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.159%Rate

Funding earned: $25.2
Price spread: +0.159% → 0.000%: $15.89
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $35.07
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Injective: 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 Orderly no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Orderly and Injective: 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
Aster NVDAUSDT	0.0000%	8h	226.61	+0.042%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.59	+0.031%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.61	+0.040%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.55	+0.013%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.64	+0.053%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.68	+0.071%	$21K	$417K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.26	−0.115%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.47	−0.022%	$198K	$458K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.68	+0.071%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0006%	8h	226.54	+0.008%	$3.6M	$2.1M	—	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	+0.0012%	1h	226.45	−0.029%	$117K	$52K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.54	+0.009%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.53	+0.004%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.66	+0.062%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	226.43	−0.040%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.44	−0.035%	$147.1M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.50	−0.009%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.43	−0.040%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.38	−0.062%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.47	−0.022%	$53K	$1.8M	10x	as long as short
Lighter NVDA	+0.0064%	1h	226.57	+0.022%	$2.1M	$3.4M	20x	as long as short
Nado NVDA-PERP	+0.0081%	1h	226.46	−0.028%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	226.62	+0.045%	$154.5M	$218.6M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.42	−0.044%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.55	+0.013%	$1.6M	$741K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.47	−0.022%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDClong	+0.0100%	8h	226.52	long leg	$36K	$21K	20x
Lighter RH NVDA	+0.0104%	1h	226.68	+0.071%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.54	+0.010%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.57	+0.022%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.102%	$1.3M	$789K	10x	as long as short
BloFin NVDA-USDT	+0.0201%	8h	226.56	+0.018%	$714K	$193K	20x	as long as short
Injective NVDA/USDC PERPshort	+0.0220%	1h	226.88	+0.159%	$73K	$139	30x
Extended NVDA_24_5-USD	+0.0352%	1h	226.44	−0.033%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0960%	4h	226.61	+0.041%	$170K	$1.9M	20x	as long as short