Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h −0.015%

Price spread now: GRVT against Polymarket Perps+0.035%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

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

costs, in and out, $10k−$270.267% of the position

Long on Polymarket Perps Short on GRVT

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)0.000%$0 · spread now +0.035%, 7d avg +0.036%

Together, before fees−0.088%+ Points / potential airdropGRVT: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.088%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NVDA-USD	227.86	0.0050	pay 0.0006% / 1h	9m 08s	$402K	$289K	10x
Short	GRVT NVDA_USDT_Perp	227.94	0.0165	get 0.0165% / 8h	7h 09m	$20K	$392K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.035%Rate

Funding earned: $24.15
Price spread: +0.035% → +0.036%: −$0.09
Slippage, 4 orders: −$9.66
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$2.61
Costs to cover: 0.267%
Break-even: 7.8 days

Slippage from Polymarket Perps: live order book, 63 min ago; GRVT: live order book, 63 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, 63 min ago	0.88 bp	6.6 bp −$7	6.6 bp −$66	8.4 bp −$839	doesn't fit
Sell GRVT live order book, 63 min ago	1.54 bp	6.1 bp −$6	10.8 bp −$108	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	227.70	−0.069%	$483K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.89	+0.013%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.92	+0.026%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.84	−0.009%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.49	−0.162%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.96	+0.044%	$198K	$509K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.93	+0.031%	$2.2M	$43K	10x	as long as short
Variational Omni NVDA	+0.0004%	8h	227.82	−0.019%	$3.5M	$1.9M	—	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.71	−0.064%	$118K	$55K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.72	−0.061%	$524K	$469K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.73	−0.057%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.87	+0.004%	$1.5M	$11.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	228.00	+0.061%	—	$74K	25x	as long as short
Bitget NVDAUSDT	+0.0046%	8h	227.94	+0.035%	$15.5M	$16.9M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.75	−0.048%	$147.9M	$45.8M	20x	as long as short
Polymarket Perps NVDA-USDlong	+0.0050%	1h	227.86	long leg	$402K	$289K	10x
SoDEX NVDA-USD	+0.0050%	1h	227.74	−0.053%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.69	−0.075%	$1.5M	$2.1M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	227.78	−0.035%	$35K	—	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0057%	1h	227.82	−0.018%	$49K	$1.5M	10x	as long as short
Binance NVDAUSDT	+0.0075%	8h	227.92	+0.026%	$156.5M	$217.2M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.176%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.82	−0.017%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.86	+0.001%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.76	−0.043%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.71	−0.066%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	0.000%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.83	−0.013%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0141%	8h	227.91	+0.022%	$1.6M	$735K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.92	+0.028%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.05	+0.083%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perpshort	+0.0165%	8h	227.94	+0.035%	$20K	$392K	10x
BloFin NVDA-USDT	+0.0195%	8h	227.90	+0.018%	$718K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.149%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0995%	4h	227.83	−0.014%	$170K	$1.9M	20x	as long as short