Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%

Price spread now: Bybit against Polymarket Perps+0.018%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days+0.041%+$4 · spread now +0.018%, 7d avg +0.065%

Together, before fees−0.018%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.047% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.065%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NVDA-USD	226.32	0.0050	pay 0.0006% / 1h	36m 16s	$396K	$281K	10x
Short	Bybit NVDAUSDT	226.36	0	get 0.0000% / 8h	1h 36m	$12.4M	$15.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$10.5
Price spread: +0.018% → +0.065%: −$4.71
Slippage, 4 orders: −$7.49
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$41.7
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 6 min ago; Bybit: live order book, 2 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, 6 min ago	2.65 bp	6.7 bp −$7	7.3 bp −$73	8.5 bp −$848	doesn't fit
Sell Bybit live order book, 2 min ago	0.22 bp	6.5 bp −$6	9.0 bp −$90	52.7 bp −$5,268	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
Bybit NVDAUSDTshort	0.0000%	8h	226.36	+0.018%	$12.4M	$15.0M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.37	+0.022%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.33	+0.004%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.43	+0.049%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.37	+0.020%	$21K	$422K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.04	−0.124%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.062%	$198K	$453K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.73	+0.181%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0001%	8h	226.40	+0.035%	$482K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	226.22	−0.043%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0018%	8h	226.30	−0.011%	$3.5M	$2.2M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.29	−0.013%	$398K	$735K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.44	+0.053%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.25	−0.031%	$147.0M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USDlong	+0.0050%	1h	226.32	long leg	$396K	$281K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.26	−0.027%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.11	−0.093%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.35	+0.013%	$1.3M	$9.1M	10x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	226.26	−0.027%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0088%	8h	226.38	+0.027%	$154.3M	$219.3M	50x	as long as short
Lighter NVDA	+0.0088%	1h	226.35	+0.012%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.27	−0.023%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.38	+0.027%	$1.6M	$749K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.16	−0.071%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.35	+0.013%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.38	+0.026%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.19	−0.057%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.013%	$1.3M	$789K	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	226.47	+0.066%	$5.0M	$6.9M	20x	as long as short
Nado NVDA-PERP	+0.0141%	1h	226.29	−0.015%	$481K	$226K	20x	as long as short
BloFin NVDA-USDT	+0.0208%	8h	226.44	+0.053%	$715K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.01	+0.305%	$73K	$137	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0236%	1h	226.32	0.000%	$52K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0464%	1h	226.19	−0.057%	$667K	$762K	10x	as long as short
edgeX NVDAUSDC	+0.0583%	4h	226.28	−0.017%	$170K	$1.9M	20x	as long as short