Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: tradeXYZ against Polymarket Perps−0.048%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Polymarket Perps Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.048%, 7d avg −0.011%

Together, before fees+0.061%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.037% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NVDA-USD	227.56	0.0050	pay 0.0006% / 1h	12m 26s	$401K	$276K	10x
Short	tradeXYZ xyz:NVDA	227.45	0.0050	get 0.0006% / 1h	12m 26s	$147.8M	$43.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.011%: −$3.7
Slippage, 4 orders: −$5.45
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$35.15
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 45 min ago; tradeXYZ: live order book, 6 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, 45 min ago	2.20 bp	6.2 bp −$6	6.9 bp −$69	8.2 bp −$820	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.22 bp	9.8 bp −$10	11.2 bp −$112	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	227.58	+0.009%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.58	+0.009%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.52	−0.018%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.61	+0.022%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.26	−0.132%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.035%	$198K	$469K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.66	+0.044%	$2.2M	$43K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.50	−0.026%	$49K	$1.6M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.55	−0.005%	$118K	$54K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0021%	8h	227.63	+0.031%	$20K	$390K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0031%	8h	227.59	+0.014%	$483K	$590K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.54	−0.009%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.71	+0.066%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	227.45	−0.048%	$147.8M	$43.6M	20x
Polymarket Perps NVDA-USDlong	+0.0050%	1h	227.56	long leg	$401K	$276K	10x
SoDEX NVDA-USD	+0.0050%	1h	227.45	−0.048%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.36	−0.088%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.55	−0.004%	$1.3M	$9.2M	10x	as long as short
Variational Omni NVDA	+0.0062%	8h	227.60	+0.015%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0070%	1h	227.48	−0.034%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0072%	1h	227.56	+0.002%	$2.2M	$3.3M	20x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.44	−0.053%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.47	−0.041%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.47	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.55	−0.004%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.013%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.58	+0.007%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0115%	8h	227.60	+0.018%	$156.2M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.62	+0.026%	$1.6M	$722K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.52	−0.018%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.73	+0.075%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.154%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0236%	8h	227.63	+0.031%	$721K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	227.44	−0.053%	$675K	$748K	10x	as long as short
edgeX NVDAUSDC	+0.0852%	4h	227.56	+0.001%	$170K	$1.9M	20x	as long as short