Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.002%

Price spread now: GRVT against Phemex−0.013%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$960.964% of the position

Long on Phemex Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.013%, 7d avg −0.026%

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

The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NVDAUSDT	227.64	0	get 0.0000% / 4h	40m 40s	$2.2M	$43K	10x
Short	GRVT NVDA_USDT_Perp	227.61	0.0068	get 0.0068% / 8h	4h 40m	$20K	$388K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.013%Rate

Funding earned: $14.28
Price spread: −0.013% → −0.026%: $1.32
Slippage, 4 orders: −$75.36
Fee Phemex: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$80.76
Costs to cover: 0.964%
Break-even: 46.6 days

Slippage from Phemex: live order book, 3 min ago; GRVT: live order book, 17 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 Phemex live order book, 3 min ago	1.98 bp	46.9 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 17 min ago	1.54 bp	6.5 bp −$6	8.0 bp −$80	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
Bybit NVDAUSDT	0.0000%	8h	227.54	−0.044%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	−0.057%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.48	−0.070%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.59	−0.022%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.13	−0.224%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.48	−0.070%	$49K	$1.6M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	0.000%	$198K	$472K	30x	as long as short
Phemex NVDAUSDTlong	0.0000%	4h	227.64	long leg	$2.2M	$43K	10x
Aftermath Perps NVDAUSD	+0.0018%	1h	227.44	−0.087%	$118K	$54K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	−0.031%	$406K	$745K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0041%	8h	227.60	−0.019%	$483K	$590K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.70	+0.026%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.43	−0.092%	$147.7M	$43.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.53	−0.048%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.41	−0.101%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.149%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.46	−0.079%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perpshort	+0.0068%	8h	227.61	−0.013%	$20K	$388K	10x
Variational Omni NVDA	+0.0073%	8h	227.50	−0.060%	$3.5M	$2.1M	—	as long as short
Lighter NVDA	+0.0088%	1h	227.52	−0.051%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.46	−0.077%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.43	−0.092%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.53	−0.048%	$36K	$22K	20x	as long as short
Nado NVDA-PERP	+0.0100%	1h	227.44	−0.088%	$484K	$228K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.048%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.52	−0.054%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0125%	8h	227.54	−0.044%	$156.5M	$216.2M	50x	as long as short
Phoenix NVDA	+0.0141%	1h	227.46	−0.079%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0148%	8h	227.59	−0.022%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	227.68	+0.018%	$5.1M	$7.1M	20x	as long as short
Hotstuff NVDA-PERP	+0.0208%	1h	227.43	−0.092%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.171%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0246%	8h	227.57	−0.031%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0464%	1h	227.41	−0.103%	$685K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0515%	4h	227.55	−0.041%	$170K	$1.9M	20x	as long as short