Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.001%

Price spread now: Bitget against Polymarket Perps+0.035%50s7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.276% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 7 days+0.037%+$4 · spread now +0.035%, 7d avg +0.092%

Together, before fees+0.125%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.057% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.092%). If the spread goes back, that is −$6 on $10k: about 9.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.088% in total) that is about 4.5 days. The two prices were read 50 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	Polymarket Perps NVDA-USD	227.05	0.0050	pay 0.0006% / 1h	32m 34s	$390K	$235K	10x
Short	Bitget NVDAUSDT	227.13	0.0070	get 0.0070% / 8h	2h 32m	$15.6M	$18.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.035%Rate

Funding earned: $4.2
Price spread: +0.035% → +0.092%: −$5.66
Slippage, 4 orders: −$7.59
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$29.05
Costs to cover: 0.276%
Break-even: 55.4 days

Slippage from Polymarket Perps: live order book, 54 min ago; Bitget: 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, 54 min ago	1.32 bp	6.6 bp −$7	6.9 bp −$69	8.5 bp −$849	doesn't fit
Sell Bitget live order book, 1 min ago	0.22 bp	7.5 bp −$8	11.9 bp −$119	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	227.04	−0.003%	$473K	$550K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.07	+0.009%	$12.7M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.10	+0.022%	$14.3M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.09	+0.018%	$7.2M	$9.4M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.07	+0.008%	$3.4M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.08	+0.014%	$21K	$470K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.76	−0.128%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.99	−0.026%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.21	+0.070%	$202K	$529K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.10	+0.022%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0005%	8h	227.12	+0.031%	$156.2M	$220.2M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.97	−0.035%	$118K	$54K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	226.99	−0.026%	$35K	—	20x	as long as short
BloFin NVDA-USDT	+0.0018%	8h	227.11	+0.026%	$713K	$205K	20x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.07	+0.009%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.23	+0.079%	$4.8M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.99	−0.029%	$523K	$406K	10x	as long as short
Nado NVDA-PERP	+0.0040%	1h	227.00	−0.022%	$487K	$223K	20x	as long as short
edgeX NVDAUSDC	+0.0045%	4h	227.08	+0.012%	$170K	$1.9M	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.24	+0.084%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.99	−0.026%	$147.0M	$50.2M	20x	as long as short
Polymarket Perps NVDA-USDlong	+0.0050%	1h	227.05	long leg	$390K	$235K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.97	−0.035%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.89	−0.070%	$1.6M	$2.1M	15x	as long as short
Bitget NVDAUSDTshort	+0.0070%	8h	227.13	+0.035%	$15.6M	$18.3M	100x
Phoenix NVDA	+0.0070%	1h	226.97	−0.035%	$93K	$112K	20x	as long as short
Lighter NVDA	+0.0072%	1h	227.15	+0.045%	$2.1M	$3.3M	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.07	+0.009%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.00	−0.024%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.09	+0.018%	$1.6M	$751K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.96	−0.040%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.04	−0.004%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.95	−0.044%	$1.3M	$909K	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.30	+0.110%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.09	+0.018%	$395K	$683K	20x	as long as short