Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.028%

Price spread now: Bybit against Pacifica+0.050%48s7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.326% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.050%, 7d avg +0.047%

Together, before fees−0.109%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	227.48	0.0100	pay 0.0013% / 1h	2m 53s	$299K	$51K	10x
Short	Bybit NVDAUSDT	227.59	0	get 0.0000% / 8h	4h 02m	$12.7M	$14.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$21
Price spread: +0.050% → +0.047%: $0.26
Slippage, 4 orders: −$13.64
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$53.38
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Pacifica: live order book, 55 min ago; Bybit: live order book, just now.

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, 55 min ago	1.98 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, just now	0.22 bp	6.1 bp −$6	8.4 bp −$84	64.0 bp −$6,398	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
Bybit NVDAUSDTshort	0.0000%	8h	227.59	+0.050%	$12.7M	$14.8M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	+0.032%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.54	+0.028%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.60	+0.054%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.20	−0.122%	$3K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.072%	$198K	$467K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.61	+0.059%	$2.2M	$43K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0009%	8h	227.62	+0.062%	$20K	$390K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.53	+0.024%	$49K	$1.6M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.46	−0.009%	$118K	$53K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX NVDAUSDC	+0.0018%	4h	227.60	+0.055%	$171K	$1.9M	20x	as long as short
Aster NVDAUSDT	+0.0028%	8h	227.63	+0.067%	$483K	$590K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.52	+0.019%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.74	+0.116%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.46	−0.007%	$147.8M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	+0.037%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.47	−0.003%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.34	−0.060%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.54	+0.028%	$1.3M	$9.2M	10x	as long as short
Variational Omni NVDA	+0.0061%	8h	227.61	+0.057%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0065%	1h	227.50	+0.012%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0072%	1h	227.57	+0.043%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.48	long leg	$299K	$51K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.51	+0.015%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.59	+0.050%	$36K	$21K	20x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	227.46	−0.007%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	+0.024%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.58	+0.044%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0113%	8h	227.61	+0.057%	$156.2M	$215.7M	50x	as long as short
KuCoin NVDAUSDTM	+0.0125%	8h	227.63	+0.068%	$1.6M	$723K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.57	+0.041%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.74	+0.116%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.92	+0.195%	$73K	$140	30x	as long as short
BloFin NVDA-USDT	+0.0233%	8h	227.61	+0.059%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0304%	1h	227.45	−0.012%	$669K	$757K	10x	as long as short