Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.002%

Price spread now: tradeXYZ against Orderly−0.044%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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.044% cheaper against Orderly than usual: you would sell low and buy high (−$4 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	227.46	0.0100	pay 0.0100% / 8h	1h 23m	$36K	$22K	20x
Short	tradeXYZ xyz:NVDA	227.36	0.0050	get 0.0006% / 1h	23m 55s	$147.3M	$49.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$10.5
Price spread: −0.044% → 0.000%: −$4.4
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$38.9
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago	0.22 bp	9.2 bp −$9	10.7 bp −$107	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
Aster NVDAUSDT	0.0000%	8h	227.49	+0.013%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.49	+0.013%	$12.7M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.46	0.000%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.44	−0.009%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.50	+0.016%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.52	+0.028%	$20K	$435K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.03	−0.189%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.52	+0.026%	$198K	$529K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.51	+0.022%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.49	+0.014%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0014%	8h	227.52	+0.025%	$156.3M	$220.8M	50x	as long as short
Hotstuff NVDA-PERP	+0.0024%	1h	227.31	−0.066%	$35K	—	20x	as long as short
Bitget NVDAUSDT	+0.0024%	8h	227.55	+0.040%	$15.6M	$17.8M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.32	−0.062%	$536K	$445K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.47	+0.004%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.55	+0.040%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	227.36	−0.044%	$147.3M	$49.0M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	−0.035%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.33	−0.057%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.040%	$1.6M	$2.1M	15x	as long as short
BloFin NVDA-USDT	+0.0052%	8h	227.49	+0.013%	$714K	$204K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.34	−0.053%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.49	+0.013%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0092%	1h	227.34	−0.054%	$484K	$227K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.198%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.32	−0.062%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.54	+0.035%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.33	−0.057%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDClong	+0.0100%	8h	227.46	long leg	$36K	$22K	20x
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.42	−0.018%	$49K	$1.5M	10x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.64	+0.079%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0176%	1h	227.52	+0.028%	$2.1M	$3.3M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.08	+0.273%	$73K	$137	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.32	−0.062%	$400K	$723K	20x	as long as short
edgeX NVDAUSDC	+0.0745%	4h	227.50	+0.020%	$170K	$1.9M	20x	as long as short