Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against Phemex−0.070%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$870.873% of the position

Long on Phemex Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.070%, 7d avg −0.075%

Together, before fees+0.240%+ Points / potential airdropPacifica: Active · farm board+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.075%, so right now this pair is about funding alone: +$3 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	227.55	0	get 0.0000% / 4h	3h 57m	$2.2M	$42K	10x
Short	Pacifica NVDA	227.39	0.0100	get 0.0013% / 1h	57m 51s	$298K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.070%Rate

Funding earned: $21
Price spread: −0.070% → −0.075%: $0.48
Slippage, 4 orders: −$67.33
Fee Phemex: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$65.86
Costs to cover: 0.873%
Break-even: 29.0 days

Slippage from Phemex: live order book, 6 min ago; Pacifica: live order book, 15 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, 6 min ago	1.98 bp	39.6 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 15 min ago	1.76 bp	8.1 bp −$8	doesn't fit	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
Aster NVDAUSDT	0.0000%	8h	227.55	0.000%	$483K	$586K	20x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.59	+0.018%	$14.4M	$20.9M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.50	−0.022%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.45	−0.042%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.50	−0.022%	$21K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.14	−0.180%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.031%	$197K	$524K	30x	as long as short
Phemex NVDAUSDTlong	0.0000%	4h	227.55	long leg	$2.2M	$42K	10x
Aftermath Perps NVDAUSD	+0.0016%	1h	227.33	−0.096%	$118K	$56K	10x	as long as short
Bitget NVDAUSDT	+0.0020%	8h	227.61	+0.026%	$15.5M	$17.2M	100x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.29	−0.115%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0035%	8h	227.65	+0.044%	$156.4M	$219.3M	50x	as long as short
Bybit NVDAUSDT	+0.0036%	8h	227.57	+0.009%	$12.7M	$15.3M	100x	as long as short
Nado NVDA-PERP	+0.0040%	1h	227.42	−0.056%	$484K	$229K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.34	−0.092%	$399K	$724K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.62	+0.031%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.34	−0.092%	$35K	—	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.41	−0.062%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.38	−0.075%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.31	−0.105%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.54	−0.004%	$1.6M	$11.5M	10x	as long as short
Lighter NVDA	+0.0072%	1h	227.56	+0.002%	$2.2M	$3.2M	20x	as long as short
tradeXYZ xyz:NVDA	+0.0072%	1h	227.36	−0.083%	$147.9M	$48.9M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.01	−0.237%	$1.3M	$828K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.47	−0.037%	—	—	10x	as long as short
Pacifica NVDAshort	+0.0100%	1h	227.39	−0.070%	$298K	$60K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.075%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.52	−0.013%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.38	−0.075%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0115%	8h	227.56	+0.004%	$1.6M	$742K	20x	as long as short
BloFin NVDA-USDT	+0.0139%	8h	227.49	−0.026%	$714K	$205K	20x	as long as short
Lighter RH NVDA	+0.0184%	1h	227.68	+0.057%	$5.1M	$7.1M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.53	−0.009%	$49K	$1.4M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.67	+0.053%	$73K	$134	30x	as long as short
edgeX NVDAUSDC	+0.0575%	4h	227.45	−0.046%	$171K	$1.9M	20x	as long as short