Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0218%/8h= +23.9% APRpaid last 24h +0.069%

Price spread now: edgeX against Pacifica+0.033%52s7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs+$42as 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−$310.309% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.725%+$72 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.033%, 7d avg +0.044%

Together, before fees+0.704%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$70 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 52 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	227.74	0.0100	pay 0.0013% / 1h	24m 42s	$299K	$60K	10x
Short	edgeX NVDAUSDC	227.81	0.0318	get 0.0159% / 4h	2h 24m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $45.77
Price spread: +0.033% → +0.044%: −$1.06
Slippage, 4 orders: −$13.91
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $13.79
Costs to cover: 0.309%
Break-even: 4.9 days

Slippage from Pacifica: live order book, 44 min ago; edgeX: live order book, 4 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, 44 min ago	1.98 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	3.51 bp	8.4 bp −$8	13.1 bp −$131	doesn't fit	doesn't fit

NVDA on 34 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
Hotstuff NVDA-PERP	−0.0024%	1h	227.72	−0.007%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.80	+0.027%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.91	+0.077%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.93	+0.085%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.78	+0.020%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.90	+0.072%	$15.4M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.38	−0.156%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.96	+0.099%	$198K	$496K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.93	+0.085%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0010%	1h	227.64	−0.042%	$118K	$54K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0018%	8h	227.89	+0.067%	$3.5M	$2.0M	—	as long as short
GRVT NVDA_USDT_Perp	+0.0019%	8h	227.82	+0.037%	$20K	$386K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.68	−0.024%	$400K	$723K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.86	+0.055%	$1.4M	$10.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.95	+0.094%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.74	+0.002%	$148.2M	$44.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.81	+0.033%	$402K	$280K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.73	−0.002%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.56	−0.077%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.121%	$1.3M	$786K	10x	as long as short
Nado NVDA-PERP	+0.0079%	1h	227.75	+0.007%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0083%	8h	227.92	+0.080%	$156.4M	$216.1M	50x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.74	long leg	$299K	$60K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.65	−0.038%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.84	+0.046%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.84	+0.046%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.77	+0.015%	$94K	$112K	20x	as long as short
Extended NVDA_24_5-USD	+0.0112%	1h	227.66	−0.031%	$689K	$714K	10x	as long as short
Lighter NVDA	+0.0128%	1h	227.91	+0.078%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTM	+0.0129%	8h	227.85	+0.050%	$1.6M	$738K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	228.03	+0.129%	$5.1M	$7.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0189%	1h	227.78	+0.020%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.97	+0.103%	$73K	$137	30x	as long as short
edgeX NVDAUSDCshort	+0.0318%	4h	227.81	+0.033%	$170K	$1.9M	20x