Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h −0.006%

Price spread now: Bitget against Pacifica+0.035%7-day average +0.073% · 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−$280.276% of the position

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.362%−$36 · spread now +0.035%, 7d avg +0.073%

Together, before fees−0.344%+ Points / potential airdropPacifica: Active · farm board−$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.038% cheaper against Pacifica than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	226.85	0.0100	pay 0.0013% / 1h	50m 58s	$298K	$60K	10x
Short	Bitget NVDAUSDT	226.93	0.0095	get 0.0095% / 8h	2h 50m	$15.5M	$18.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$1.05
Price spread: +0.035% → +0.073%: −$3.81
Slippage, 4 orders: −$7.62
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$32.48
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Pacifica: live order book, 37 min ago; Bitget: live order book, 3 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, 37 min ago	1.32 bp	5.3 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.22 bp	7.2 bp −$7	10.2 bp −$102	doesn't fit	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	226.91	+0.026%	$473K	$550K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.88	+0.013%	$12.6M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.88	+0.013%	$14.3M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.87	+0.008%	$7.2M	$9.2M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	226.99	+0.063%	$3.4M	$2.2M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.96	+0.048%	$20K	$482K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.51	−0.150%	$3K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.89	+0.017%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.10	+0.110%	$200K	$529K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.96	+0.048%	$2.2M	$42K	10x	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	+0.0018%	1h	226.87	+0.009%	$117K	$54K	10x	as long as short
Binance NVDAUSDT	+0.0019%	8h	226.90	+0.020%	$156.2M	$219.5M	50x	as long as short
QFEX NVDA-USD	+0.0030%	1h	226.92	+0.030%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.06	+0.092%	$4.8M	$6.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.82	−0.015%	$526K	$401K	10x	as long as short
Nado NVDA-PERP	+0.0033%	1h	226.84	−0.003%	$486K	$223K	20x	as long as short
Ondo Perps NVDA-USD.P	+0.0045%	1h	226.70	−0.067%	$1.6M	$2.1M	15x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.08	+0.101%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.80	−0.023%	$146.9M	$50.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.89	+0.017%	$398K	$228K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.82	−0.014%	$58K	$20K	10x	as long as short
Lighter NVDA	+0.0064%	1h	226.97	+0.050%	$2.1M	$3.3M	20x	as long as short
Phoenix NVDA	+0.0070%	1h	226.85	−0.001%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0077%	8h	227.01	+0.070%	$714K	$204K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	226.90	+0.023%	—	—	10x	as long as short
Bitget NVDAUSDTshort	+0.0095%	8h	226.93	+0.035%	$15.5M	$18.3M	100x
Pacifica NVDAlong	+0.0100%	1h	226.85	long leg	$298K	$60K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	226.94	+0.039%	$1.6M	$752K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.88	+0.013%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.89	+0.017%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.95	+0.044%	$1.3M	$926K	10x	as long as short
Hotstuff NVDA-PERP	+0.0120%	1h	226.82	−0.014%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.30	+0.198%	$73K	$134	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	226.87	+0.008%	$394K	$676K	20x	as long as short
edgeX NVDAUSDC	+0.0580%	4h	226.91	+0.027%	$170K	$1.9M	20x	as long as short