Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.018%

Price spread now: Binance against Polymarket Perps+0.151%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 7 days−0.081%−$8 · spread now +0.151%, 7d avg +0.075%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.076% dearer against Polymarket Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NVDA-USD	226.11	0.0050	pay 0.0006% / 1h	57m 23s	$391K	$247K	10x
Short	Binance NVDAUSDT	226.45	0.0162	get 0.0162% / 8h	7h 57m	$155.4M	$220.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket Perps. 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now +0.151%Rate

Funding earned: $23.5
Price spread: +0.151% → +0.075%: $7.58
Slippage, 4 orders: −$6.11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $6.97
Costs to cover: 0.241%
Break-even: 4.9 days

Slippage from Polymarket Perps: live order book, 40 min ago; Binance: live order book, 1 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 Polymarket Perps live order book, 40 min ago	2.21 bp	7.1 bp −$7	7.3 bp −$73	8.5 bp −$854	doesn't fit
Sell Binance live order book, 1 min ago	0.22 bp	5.2 bp −$5	6.0 bp −$60	25.9 bp −$2,585	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
Hotstuff NVDA-PERP	−0.0040%	1h	226.22	+0.049%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.45	+0.150%	$12.5M	$14.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.46	+0.155%	$14.1M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.33	+0.097%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.57	+0.203%	$15.8M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.13	+0.009%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.54	+0.190%	$198K	$438K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.58	+0.208%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	226.16	+0.023%	$117K	$51K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.25	+0.062%	$392K	$737K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NVDA-USD-PERP	+0.0046%	1h	226.40	+0.128%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.33	+0.097%	$147.0M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USDlong	+0.0050%	1h	226.11	long leg	$391K	$247K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.27	+0.071%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.11	0.000%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.34	+0.102%	$1.3M	$9.1M	10x	as long as short
Aster NVDAUSDT	+0.0077%	8h	226.33	+0.096%	$482K	$530K	20x	as long as short
Variational Omni NVDA	+0.0099%	8h	226.31	+0.090%	$3.5M	$2.3M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.18	+0.031%	$297K	$48K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.14	+0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.45	+0.150%	$36K	$21K	20x	as long as short
KuCoin NVDAUSDTM	+0.0114%	8h	226.37	+0.115%	$1.6M	$863K	20x	as long as short
Nado NVDA-PERP	+0.0117%	1h	226.18	+0.030%	$480K	$223K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.48	+0.162%	—	—	10x	as long as short
Lighter NVDA	+0.0136%	1h	226.41	+0.133%	$2.1M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	226.57	+0.203%	$5.1M	$6.8M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.31	+0.088%	$1.3M	$698K	10x	as long as short
Binance NVDAUSDTshort	+0.0162%	8h	226.45	+0.151%	$155.4M	$220.0M	50x
Phoenix NVDA	+0.0177%	1h	226.36	+0.111%	$93K	$83K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0192%	1h	226.42	+0.137%	$53K	$1.9M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.72	+0.270%	$73K	$135	30x	as long as short
Extended NVDA_24_5-USD	+0.0264%	1h	226.25	+0.063%	$645K	$879K	10x	as long as short
BloFin NVDA-USDT	+0.0282%	8h	226.47	+0.159%	$716K	$196K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0393%	8h	226.35	+0.106%	$22K	$424K	10x	as long as short
edgeX NVDAUSDC	+0.0761%	4h	226.31	+0.087%	$170K	$1.9M	20x	as long as short