Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.001%

Price spread now: Binance against Pacifica+0.053%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 2 days (all we have)+0.070%+$7 · spread now +0.053%, 7d avg +0.075%

Together, before fees+0.091%+ Points / potential airdropPacifica: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.022% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.075%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	227.34	0.0100	pay 0.0013% / 1h	2m 49s	$298K	$60K	10x
Short	Binance NVDAUSDT	227.46	0.0037	get 0.0037% / 8h	2m 49s	$156.3M	$219.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now +0.053%Rate

Funding earned: −$13.27
Price spread: +0.053% → +0.075%: −$2.16
Slippage, 4 orders: −$10.53
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$43.96
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Pacifica: live order book, 10 min ago; Binance: live order book, 11 min ago.

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 Pacifica live order book, 10 min ago	1.76 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.22 bp	5.2 bp −$5	6.6 bp −$66	22.0 bp −$2,204	doesn't fit

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	227.51	+0.074%	$482K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.44	+0.044%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.43	+0.040%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.38	+0.018%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.52	+0.081%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.55	+0.091%	$20K	$405K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.01	−0.145%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.53	+0.084%	$197K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.53	+0.084%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	227.33	−0.002%	$118K	$56K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0023%	8h	227.45	+0.049%	$15.5M	$17.4M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.35	+0.005%	$535K	$447K	10x	as long as short
Binance NVDAUSDTshort	+0.0037%	8h	227.46	+0.053%	$156.3M	$219.3M	50x
Hotstuff NVDA-PERP	+0.0040%	1h	227.36	+0.009%	$35K	—	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.64	+0.132%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.33	−0.004%	$147.8M	$48.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.45	+0.049%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.35	+0.005%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.29	−0.022%	$1.6M	$2.1M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.44	+0.044%	$49K	$1.4M	10x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.49	+0.066%	$1.6M	$11.5M	10x	as long as short
Nado NVDA-PERP	+0.0061%	1h	227.39	+0.023%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.46	+0.053%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.145%	$1.3M	$842K	10x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.34	long leg	$298K	$60K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.43	+0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.42	+0.035%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.47	+0.057%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0112%	8h	227.50	+0.071%	$1.6M	$742K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.32	−0.009%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0148%	8h	227.46	+0.053%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0176%	1h	227.47	+0.060%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0176%	1h	227.61	+0.119%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.67	+0.145%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0498%	4h	227.48	+0.061%	$171K	$1.9M	20x	as long as short