Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h —

Price spread now: Aevo against Phemex−0.059%54s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.059% cheaper against Phemex than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 39 hours of funding at the current rate (+$4 a day). The two prices were read 54 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	Phemex NVDAUSDT	226.68	0	get 0.0000% / 4h	2h 19m	$2.2M	$41K	10x
Short	Aevo NVDA-PERP	226.55	0.0120	get 0.0015% / 1h	19m 19s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now −0.059%Rate

Funding earned: $25.2
Price spread: −0.059% → 0.000%: −$5.87
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$8.67
Costs to cover: 0.280%
Break-even: 9.4 days

Slippage unknown: Phemex: live order book, 2 min ago; Aevo: no order-book sample. Net counts fees only.

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 Phemex live order book, 2 min ago	1.10 bp	32.5 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NVDA on 35 exchanges

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 NVDAUSDT	0.0000%	8h	226.55	−0.057%	$12.6M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.57	−0.049%	$14.3M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.49	−0.084%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.64	−0.018%	$15.6M	$15.9M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.11	−0.251%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.43	−0.110%	$37K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.63	−0.022%	$198K	$400K	30x	as long as short
Phemex NVDAUSDTlong	0.0000%	4h	226.68	long leg	$2.2M	$41K	10x
Aftermath Perps NVDAUSD	+0.0014%	1h	226.51	−0.075%	$117K	$51K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.41	−0.121%	$617K	$929K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0040%	8h	226.64	−0.018%	$21K	$430K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.70	+0.009%	—	$74K	25x	as long as short
QFEX NVDA-USD	+0.0047%	1h	226.55	−0.057%	$1.3M	$9.0M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.47	−0.093%	$147.7M	$45.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.46	−0.097%	$391K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.45	−0.101%	$59K	$17K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.30	−0.168%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0078%	8h	226.55	−0.055%	$484K	$565K	20x	as long as short
Lighter NVDA	+0.0080%	1h	226.52	−0.069%	$2.1M	$3.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.37	−0.137%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.45	−0.101%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.53	−0.066%	$36K	$19K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	226.57	−0.049%	$93K	$83K	20x	as long as short
Nado NVDA-PERP	+0.0112%	1h	226.43	−0.111%	$478K	$209K	20x	as long as short
Variational Omni NVDA	+0.0114%	8h	226.54	−0.062%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERPshort	+0.0120%	1h	226.55	−0.059%	—	—	10x
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.45	−0.101%	$1.3M	$665K	10x	as long as short
KuCoin NVDAUSDTM	+0.0131%	8h	226.59	−0.040%	$1.6M	$1.2M	20x	as long as short
Hotstuff NVDA-PERP	+0.0152%	1h	226.43	−0.110%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0164%	8h	226.58	−0.043%	$155.3M	$223.3M	50x	as long as short
Lighter RH NVDA	+0.0176%	1h	226.70	+0.009%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.08	+0.176%	$73K	$138	30x	as long as short
Arcus NVDA-USD	+0.0225%	1h	226.50	−0.079%	$383K	$703K	20x	as long as short
BloFin NVDA-USDT	+0.0287%	8h	226.60	−0.035%	$726K	$202K	20x	as long as short
edgeX NVDAUSDC	+0.0693%	4h	226.54	−0.061%	$170K	$1.9M	20x	as long as short