Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Polymarket Perps against Orderly+0.022%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread pays, funding is against you. Polymarket Perps is 0.022% dearer against Orderly than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 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 | 227.45 | 0.0100 | pay 0.0100% / 8h | 3h 53m | $36K | $21K | 20x |
| Short | Polymarket Perps NVDA-USD | 227.50 | 0.0050 | get 0.0006% / 1h | 53m 56s | $401K | $276K | 10x |
Orderly PERP_NVDA_USDC
Polymarket Perps NVDA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: +0.022% → 0.000%
- $2.2
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$22.3
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 63 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 Polymarket Perps live order book, 63 min ago | 2.20 bp | 6.2 bp −$6 | 8.2 bp −$82 | 9.4 bp −$939 | 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 | 227.50 | +0.022% | $12.7M | $14.8M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.50 | +0.022% | $14.4M | $20.5M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.47 | +0.009% | $7.2M | $9.6M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.55 | +0.044% | $15.4M | $16.3M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 227.64 | +0.085% | $20K | $390K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.15 | −0.132% | $2K | $3.7M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | 0.0000% | 1h | 227.43 | −0.009% | $49K | $1.7M | 10x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.71 | +0.114% | $198K | $466K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.63 | +0.079% | $2.2M | $43K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0013% | 1h | 227.43 | −0.009% | $118K | $53K | 10x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
Deribit NVDA_USDC-PERPETUAL
HTX NVDA-USDT
Phemex NVDAUSDT
Aftermath Perps NVDAUSDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NVDAUSDT | +0.0025% | 8h | 227.55 | +0.044% | $483K | $590K | 20x | as long as short |
| Hotstuff NVDA-PERP | +0.0040% | 1h | 227.38 | −0.031% | $35K | — | 20x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.48 | +0.013% | $399K | $741K | 20x | as long as short |
| QFEX NVDA-USD | +0.0041% | 1h | 227.50 | +0.022% | $1.3M | $9.2M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.65 | +0.088% | — | $74K | 25x | as long as short |
| Lighter NVDA | +0.0048% | 1h | 227.50 | +0.024% | $2.2M | $3.3M | 20x | as long as short |
| Nado NVDA-PERP | +0.0049% | 1h | 227.42 | −0.012% | $484K | $228K | 20x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.38 | −0.031% | $147.8M | $43.4M | 20x | as long as short |
| Polymarket Perps NVDA-USDshort | +0.0050% | 1h | 227.50 | +0.022% | $401K | $276K | 10x | |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.38 | −0.031% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.29 | −0.070% | $1.6M | $2.0M | 15x | as long as short |
| Variational Omni NVDA | +0.0058% | 8h | 227.54 | +0.037% | $3.6M | $2.2M | — | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.41 | −0.015% | $298K | $51K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.48 | +0.013% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDClong | +0.0100% | 8h | 227.45 | long leg | $36K | $21K | 20x | |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.51 | +0.027% | — | — | 10x | as long as short |
| Binance NVDAUSDT | +0.0108% | 8h | 227.55 | +0.044% | $156.1M | $215.9M | 50x | as long as short |
| KuCoin NVDAUSDTM | +0.0115% | 8h | 227.55 | +0.044% | $1.6M | $724K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 227.53 | +0.035% | $1.3M | $775K | 10x | as long as short |
| Lighter RH NVDA | +0.0136% | 1h | 227.66 | +0.092% | $5.1M | $7.1M | 20x | as long as short |
| Phoenix NVDA | +0.0141% | 1h | 227.57 | +0.053% | $94K | $112K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.92 | +0.207% | $73K | $135 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0230% | 8h | 227.52 | +0.031% | $721K | $201K | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0248% | 1h | 227.40 | −0.024% | $673K | $775K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0761% | 4h | 227.63 | +0.077% | $171K | $1.9M | 20x | as long as short |
Aster NVDAUSDT
Hotstuff NVDA-PERP
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
Lighter NVDA
Nado NVDA-PERP
tradeXYZ xyz:NVDA
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Variational Omni NVDA
Pacifica NVDA
ApeX Omni NVDAUSDT
Aevo NVDA-PERP
Binance NVDAUSDT
KuCoin NVDAUSDTM
Coinbase International NVDA-PERP-INTX
Lighter RH NVDA
Phoenix NVDA
Injective NVDA/USDC PERP
BloFin NVDA-USDT
Extended NVDA_24_5-USD
edgeX NVDAUSDC