Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Gate against Polymarket Perps+0.013%48s7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as 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−$360.364% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 7 days+0.020%+$2 · spread now +0.013%, 7d avg +0.049%

Together, before fees−0.133%−$13 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 Gate is 0.036% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.049%). Swap the legs. The two prices were read 48 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	227.64	0.0050	pay 0.0006% / 1h	40m 45s	$402K	$277K	10x
Short	Gate NVDA_USDT	227.67	0	get 0.0000% / 8h	5h 40m	$7.2M	$9.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.013%Rate

Funding earned: −$10.5
Price spread: +0.013% → +0.049%: −$3.58
Slippage, 4 orders: −$13.38
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$50.45
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 22 min ago; Gate: live order book, 3 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, 22 min ago	3.08 bp	7.1 bp −$7	7.1 bp −$71	8.0 bp −$803	doesn't fit
Sell Gate live order book, 3 min ago	0.22 bp	13.0 bp −$13	22.7 bp −$227	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
Bybit NVDAUSDT	0.0000%	8h	227.70	+0.026%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.72	+0.035%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDTshort	0.0000%	8h	227.67	+0.013%	$7.2M	$9.6M	100x
Bitget NVDAUSDT	0.0000%	8h	227.78	+0.062%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.71	+0.032%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.25	−0.171%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.053%	$198K	$479K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.75	+0.048%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	227.73	+0.039%	$484K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.53	−0.046%	$118K	$54K	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	+0.0027%	8h	227.69	+0.022%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.71	+0.031%	$406K	$711K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.67	+0.013%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.78	+0.062%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.54	−0.044%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.56	−0.035%	$148.1M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USDlong	+0.0050%	1h	227.64	long leg	$402K	$277K	10x
SoDEX NVDA-USD	+0.0050%	1h	227.56	−0.035%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.48	−0.070%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.079%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0087%	8h	227.76	+0.052%	$156.3M	$215.4M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.55	−0.040%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.54	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.68	+0.018%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.69	+0.021%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.61	−0.013%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0112%	1h	227.58	−0.028%	$484K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.74	+0.044%	$1.6M	$724K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.63	−0.004%	$49K	$1.6M	10x	as long as short
Lighter NVDA	+0.0160%	1h	227.71	+0.032%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0200%	1h	227.83	+0.083%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	227.72	+0.035%	$723K	$202K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.96	+0.141%	$73K	$136	30x	as long as short
Extended NVDA_24_5-USD	+0.0264%	1h	227.50	−0.059%	$689K	$714K	10x	as long as short
edgeX NVDAUSDC	+0.0445%	4h	227.67	+0.012%	$170K	$1.9M	20x	as long as short