Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0305%/8h= +33.4% APRpaid last 24h +0.023%

Price spread now: Arcus against SunX+0.150%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$770.765% of the position

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.080%+$8 on $10k

Price spread, last 3 days (all we have)−0.045%−$4 · spread now +0.150%, 7d avg +0.025%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Arcus is 0.125% dearer against SunX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.025%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.080% in total (about 8.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	227.04	0	get 0.0000% / 8h	1h 33m	$2K	$4.0M	20x
Short	Arcus NVDA-USD	227.38	0.0305	get 0.0038% / 1h	33m 09s	$388K	$709K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now +0.150%Rate

Funding earned: $64.06
Price spread: +0.150% → +0.025%: $12.51
Slippage, 4 orders: −$64
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $0.07
Costs to cover: 0.765%
Break-even: 7.0 days

Slippage from SunX: live order book, 5 min ago; Arcus: live order book, 51 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 SunX live order book, 5 min ago	21.99 bp	38.1 bp −$38	67.6 bp −$676	doesn't fit	doesn't fit
Sell Arcus live order book, 51 min ago	1.32 bp	5.6 bp −$6	9.2 bp −$92	39.7 bp −$3,973	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
Hotstuff NVDA-PERP	−0.0040%	1h	227.31	+0.119%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.49	+0.198%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.46	+0.185%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	+0.189%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.40	+0.159%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.43	+0.171%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.46	+0.187%	$20K	$441K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	227.04	long leg	$2K	$4.0M	20x
HTX NVDA-USDT	0.0000%	8h	227.41	+0.163%	$202K	$522K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.211%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0004%	8h	227.50	+0.202%	$156.2M	$220.7M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.24	+0.090%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0020%	8h	227.52	+0.211%	$15.6M	$17.9M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.27	+0.103%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.45	+0.181%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.51	+0.207%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.32	+0.123%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.37	+0.145%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.33	+0.128%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.27	+0.101%	$1.6M	$2.1M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.40	+0.159%	$49K	$1.5M	10x	as long as short
BloFin NVDA-USDT	+0.0058%	8h	227.48	+0.194%	$714K	$205K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.25	+0.092%	$93K	$112K	20x	as long as short
edgeX NVDAUSDC	+0.0074%	4h	227.49	+0.197%	$170K	$1.9M	20x	as long as short
Nado NVDA-PERP	+0.0079%	1h	227.33	+0.129%	$484K	$227K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.48	+0.192%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.013%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	+0.119%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.43	+0.172%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	+0.115%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.46	+0.185%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.62	+0.255%	$4.9M	$7.0M	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.50	+0.201%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.251%	$73K	$136	30x	as long as short
Arcus NVDA-USDshort	+0.0305%	1h	227.38	+0.150%	$388K	$709K	20x