Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Phemex+0.040%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.040% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NVDAUSDT	227.17	0	get 0.0000% / 4h	1h 58m	$2.2M	$41K	10x
Short	Vest NVDA-USD-PERP	227.26	0.0046	get 0.0006% / 1h	58m 59s	—	$73K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.040%Rate

Funding earned: $9.59
Price spread: +0.040% → 0.000%: $3.96
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$0.45
Costs to cover: 0.140%
Break-even: 7.3 days

Slippage unknown: Phemex: live order book, 5 min ago; Vest: 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, 5 min ago	0.44 bp	38.9 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 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	227.04	−0.056%	$473K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.17	+0.002%	$156.2M	$220.8M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.09	−0.035%	$12.6M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.12	−0.022%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.10	−0.031%	$7.2M	$9.4M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.16	−0.006%	$3.5M	$2.4M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.13	−0.019%	$21K	$462K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.88	−0.128%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.08	−0.040%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.24	+0.031%	$202K	$525K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDTlong	0.0000%	4h	227.17	long leg	$2.2M	$41K	10x
Aftermath Perps NVDAUSD	+0.0014%	1h	226.97	−0.090%	$117K	$55K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	226.98	−0.084%	$35K	—	20x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.11	−0.026%	$1.6M	$11.3M	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.00	−0.076%	$522K	$409K	10x	as long as short
Bitget NVDAUSDT	+0.0035%	8h	227.20	+0.013%	$15.6M	$18.3M	100x	as long as short
Vest NVDA-USD-PERPshort	+0.0046%	1h	227.26	+0.040%	—	$73K	25x
tradeXYZ xyz:NVDA	+0.0050%	1h	227.00	−0.075%	$147.0M	$50.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.12	−0.022%	$400K	$261K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.01	−0.070%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.95	−0.097%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.02	−0.066%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.15	−0.007%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0083%	1h	227.01	−0.072%	$487K	$226K	20x	as long as short
Lighter NVDA	+0.0096%	1h	227.19	+0.008%	$2.1M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.29	+0.053%	$4.9M	$7.0M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.070%	$1.3M	$911K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.99	−0.079%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.13	−0.018%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.03	−0.062%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.13	−0.018%	$36K	$22K	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.15	−0.009%	$715K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.40	+0.101%	$73K	$134	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.09	−0.035%	$384K	$695K	20x	as long as short
edgeX NVDAUSDC	+0.0908%	4h	227.16	−0.006%	$170K	$1.9M	20x	as long as short