Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.016%

Price spread now: BloFin against Polymarket Perps+0.013%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

Price spread, last 3 days (all we have)−0.085%−$9 · spread now +0.013%, 7d avg +0.045%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.032% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.045%). If the spread goes back, that is −$3 on $10k: about 37 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NVDA-USD	227.02	0.0050	pay 0.0006% / 1h	8m 53s	$400K	$261K	10x
Short	BloFin NVDA-USDT	227.05	0.0120	get 0.0120% / 8h	2h 08m	$714K	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.013%Rate

Funding earned: $14.7
Price spread: +0.013% → +0.045%: −$3.23
Slippage, 4 orders: −$3.69
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$12.21
Costs to cover: 0.237%
Break-even: 12.8 days

Slippage from Polymarket Perps: live order book, 13 min ago; BloFin: live order book, 13 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, 13 min ago	1.32 bp	5.3 bp −$5	7.0 bp −$70	18.9 bp −$1,886	doesn't fit
Sell BloFin live order book, 13 min ago	0.22 bp	6.8 bp −$7	7.6 bp −$76	13.6 bp −$1,361	17.8 bp −$8,879

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	−0.0024%	1h	226.85	−0.075%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	226.94	−0.034%	$473K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.01	−0.004%	$156.1M	$220.8M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.97	−0.022%	$12.6M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.95	−0.031%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.95	−0.031%	$7.2M	$9.4M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.08	+0.027%	$3.5M	$2.4M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.09	+0.032%	$21K	$468K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.69	−0.145%	$3K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.94	−0.035%	$49K	$1.5M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NVDA-USDT	0.0000%	8h	227.13	+0.048%	$202K	$526K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.10	+0.035%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.02	0.000%	$118K	$55K	10x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.03	+0.004%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.14	+0.053%	$4.8M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.86	−0.070%	$522K	$409K	10x	as long as short
Bitget NVDAUSDT	+0.0044%	8h	226.99	−0.013%	$15.6M	$18.3M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.13	+0.048%	—	$73K	25x	as long as short
Nado NVDA-PERP	+0.0048%	1h	226.89	−0.059%	$486K	$226K	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.86	−0.070%	$147.0M	$50.3M	20x	as long as short
Polymarket Perps NVDA-USDlong	+0.0050%	1h	227.02	long leg	$400K	$261K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.86	−0.070%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.84	−0.079%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.01	−0.004%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.00	−0.008%	—	—	10x	as long as short
Lighter NVDA	+0.0088%	1h	227.04	+0.008%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.88	−0.063%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.03	+0.004%	$1.6M	$753K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.97	−0.022%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.99	−0.013%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	227.01	−0.004%	$1.3M	$911K	10x	as long as short
BloFin NVDA-USDTshort	+0.0120%	8h	227.05	+0.013%	$714K	$205K	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.44	+0.185%	$73K	$137	30x	as long as short
edgeX NVDAUSDC	+0.0392%	4h	227.08	+0.026%	$170K	$1.9M	20x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.00	−0.009%	$384K	$695K	20x	as long as short