Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against SoDEX−0.111%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.111% cheaper against SoDEX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NVDA-USD	226.19	0.0050	pay 0.0006% / 1h	13m 31s	$59K	$19K	10x
Short	SunX NVDA-USDT	225.94	0	get 0.0000% / 8h	13m 31s	$2K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against SoDEX. 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 SoDEXbpFee SunXbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$10.5
Price spread: −0.111% → 0.000%: −$11.05
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$37.55
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; SunX: live order book, 5 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell SunX live order book, 5 min ago	21.88 bp	25.9 bp −$26	55.4 bp −$554	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	226.41	+0.097%	$12.4M	$14.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.44	+0.111%	$14.1M	$20.3M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	226.16	−0.013%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.34	+0.066%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.47	+0.124%	$15.9M	$16.7M	100x	as long as short
SunX NVDA-USDTshort	0.0000%	8h	225.94	−0.111%	$2K	$3.6M	20x
HTX NVDA-USDT	0.0000%	8h	226.40	+0.093%	$198K	$443K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.63	+0.195%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.11	−0.034%	$117K	$50K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0039%	8h	226.32	+0.056%	$21K	$423K	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	226.27	+0.035%	$392K	$738K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.35	+0.071%	—	$74K	25x	as long as short
SoDEX NVDA-USDlong	+0.0050%	1h	226.19	long leg	$59K	$19K	10x
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.11	−0.035%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0053%	8h	226.37	+0.080%	$482K	$530K	20x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.35	+0.071%	$1.3M	$9.1M	10x	as long as short
Variational Omni NVDA	+0.0077%	8h	226.31	+0.053%	$3.5M	$2.2M	—	as long as short
Polymarket Perps NVDA-USD	+0.0081%	1h	226.26	+0.031%	$391K	$247K	10x	as long as short
tradeXYZ xyz:NVDA	+0.0085%	1h	226.24	+0.022%	$147.0M	$43.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.22	+0.013%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.35	+0.071%	$1.6M	$807K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.09	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.31	+0.053%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	226.34	+0.065%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.044%	$1.3M	$697K	10x	as long as short
Binance NVDAUSDT	+0.0139%	8h	226.44	+0.110%	$155.3M	$219.8M	50x	as long as short
Lighter NVDA	+0.0160%	1h	226.34	+0.065%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0170%	1h	226.11	−0.034%	$480K	$223K	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.19	0.000%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.78	+0.261%	$73K	$139	30x	as long as short
Lighter RH NVDA	+0.0232%	1h	226.47	+0.124%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0257%	8h	226.41	+0.097%	$713K	$195K	20x	as long as short
Extended NVDA_24_5-USD	+0.0344%	1h	226.12	−0.031%	$644K	$875K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0369%	1h	226.28	+0.040%	$53K	$1.9M	10x	as long as short
edgeX NVDAUSDC	+0.0539%	4h	226.32	+0.056%	$170K	$1.9M	20x	as long as short