Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.022%

Price spread now: SunX against Polymarket Perps−0.128%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$750.748% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 3 days (all we have)−0.005%−$1 · spread now −0.128%, 7d avg −0.077%

Together, before fees−0.114%−$11 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 SunX is 0.051% 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 −0.077%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NVDA-USD	227.06	0.0050	pay 0.0006% / 1h	12m 34s	$400K	$261K	10x
Short	SunX NVDA-USDT	226.77	0	get 0.0000% / 8h	2h 12m	$2K	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.128%Rate

Funding earned: −$10.5
Price spread: −0.128% → −0.077%: −$5.07
Slippage, 4 orders: −$58.84
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$90.41
Costs to cover: 0.748%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 10 min ago; SunX: live order book, 5 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, 10 min ago	1.32 bp	5.3 bp −$5	7.0 bp −$70	18.9 bp −$1,886	doesn't fit
Sell SunX live order book, 5 min ago	22.03 bp	26.0 bp −$26	55.6 bp −$556	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	227.00	−0.025%	$473K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.07	+0.006%	$156.1M	$220.8M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.03	−0.013%	$12.6M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.07	+0.004%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.03	−0.013%	$7.2M	$9.4M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.15	+0.042%	$3.5M	$2.4M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.18	+0.053%	$21K	$467K	10x	as long as short
SunX NVDA-USDTshort	0.0000%	8h	226.77	−0.128%	$2K	$4.0M	20x
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.00	−0.026%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.21	+0.066%	$202K	$527K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.20	+0.062%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.02	−0.017%	$118K	$54K	10x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.05	−0.004%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.20	+0.062%	$4.9M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.93	−0.057%	$522K	$409K	10x	as long as short
Hotstuff NVDA-PERP	+0.0032%	1h	226.93	−0.057%	$35K	—	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.18	+0.053%	—	$73K	25x	as long as short
Nado NVDA-PERP	+0.0046%	1h	226.95	−0.049%	$487K	$226K	20x	as long as short
Bitget NVDAUSDT	+0.0049%	8h	227.05	−0.004%	$15.6M	$18.3M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.93	−0.057%	$147.0M	$50.3M	20x	as long as short
Polymarket Perps NVDA-USDlong	+0.0050%	1h	227.06	long leg	$400K	$261K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.93	−0.057%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.84	−0.097%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.01	−0.022%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.06	−0.001%	—	—	10x	as long as short
Lighter NVDA	+0.0088%	1h	227.11	+0.021%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.94	−0.055%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.11	+0.022%	$1.6M	$752K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.06	0.000%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.03	−0.013%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	227.01	−0.022%	$1.3M	$911K	10x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.07	+0.004%	$714K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.44	+0.167%	$73K	$137	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.04	−0.009%	$384K	$695K	20x	as long as short
edgeX NVDAUSDC	+0.0820%	4h	227.14	+0.035%	$170K	$1.9M	20x	as long as short