Settings8H · net · $10k
Funding arb · Price arb /

NVDA

RWAall NVDA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: SunX against Pacifica−0.149%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$780.782% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.180%−$18 on $10k
Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.149%, 7d avg −0.069%
Together, before fees−0.250%+ Points / potential airdropPacifica: Active · farm board−$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.081% cheaper against Pacifica than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.069%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica NVDA227.470.0100pay 0.0013% / 1h33m 57s$299K$60K10x
ShortSunX NVDA-USDT227.130get 0.0000% / 8h5h 33m$2K$3.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$21
Price spread: −0.149% → −0.069%
−$8.07
Slippage, 4 orders
−$62.22
Fee Pacifica: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$107.29
Costs to cover
0.782%
Break-even
never at this rate
Slippage from Pacifica: live order book, 29 min ago; SunX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 29 min ago1.76 bp5.8 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 4 min ago21.97 bp26.0 bp −$2655.7 bp −$557doesn't fitdoesn't fit

NVDA on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NVDAUSDT0.0000%8h227.62+0.066%$12.7M$14.8M100xas long as short
OKX NVDA-USDT-SWAP0.0000%8h227.60+0.057%$14.4M$20.2M50xas long as short
Gate NVDA_USDT0.0000%8h227.57+0.044%$7.2M$9.6M100xas long as short
Bitget NVDAUSDT0.0000%8h227.64+0.075%$15.5M$16.4M100xas long as short
GRVT NVDA_USDT_Perp0.0000%8h227.75+0.122%$20K$384K10xas long as short
SunX NVDA-USDTshort0.0000%8h227.13−0.149%$2K$3.7M20x
HTX NVDA-USDT0.0000%8h227.76+0.128%$198K$479K30xas long as short
Phemex NVDAUSDT0.0000%4h227.66+0.084%$2.2M$43K10xas long as short
Aster NVDAUSDT+0.0009%8h227.69+0.096%$483K$590K20xas long as short
Aftermath Perps NVDAUSD+0.0011%1h227.49+0.009%$118K$54K10xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NVDA+0.0034%8h227.71+0.106%$3.5M$2.1Mas long as short
Arcus NVDA-USD+0.0040%1h227.70+0.101%$406K$719K20xas long as short
QFEX NVDA-USD+0.0044%1h227.63+0.071%$1.4M$9.6M10xas long as short
Vest NVDA-USD-PERP+0.0046%1h227.70+0.101%$74K25xas long as short
tradeXYZ xyz:NVDA+0.0050%1h227.45−0.009%$147.9M$44.2M20xas long as short
Polymarket Perps NVDA-USD+0.0050%1h227.58+0.049%$401K$277K10xas long as short
SoDEX NVDA-USD+0.0050%1h227.46−0.004%$58K$19K10xas long as short
Ondo Perps NVDA-USD.P+0.0050%1h227.45−0.009%$1.6M$2.0M15xas long as short
Coinbase International NVDA-PERP-INTX+0.0072%1h227.46−0.004%$1.3M$776K10xas long as short
Hotstuff NVDA-PERP+0.0088%1h227.46−0.004%$35K20xas long as short
Binance NVDAUSDT+0.0093%8h227.64+0.075%$156.2M$215.1M50xas long as short
Pacifica NVDAlong+0.0100%1h227.47long leg$299K$60K10x
ApeX Omni NVDAUSDT+0.0100%1h227.57+0.044%$16K$44K50xas long as short
Orderly PERP_NVDA_USDC+0.0100%8h227.61+0.062%$36K$22K20xas long as short
Aevo NVDA-PERP+0.0104%1h227.60+0.059%10xas long as short
Phoenix NVDA+0.0105%1h227.63+0.071%$94K$112K20xas long as short
Nado NVDA-PERP+0.0123%1h227.47+0.002%$483K$228K20xas long as short
KuCoin NVDAUSDTM+0.0132%8h227.69+0.097%$1.6M$723K20xas long as short
Lighter NVDA+0.0176%1h227.62+0.065%$2.2M$3.2M20xas long as short
BloFin NVDA-USDT+0.0212%8h227.66+0.084%$722K$202K20xas long as short
Lighter RH NVDA+0.0216%1h227.74+0.119%$5.1M$7.0M20xas long as short
Injective NVDA/USDC PERP+0.0220%1h227.99+0.229%$73K$13730xas long as short
Deribit NVDA_USDC-PERPETUAL+0.0322%1h227.58+0.049%$49K$1.6M10xas long as short
Extended NVDA_24_5-USD+0.0328%1h227.43−0.017%$689K$718K10xas long as short
edgeX NVDAUSDC+0.0557%4h227.74+0.119%$170K$1.9M20xas long as short