Settings8H · net · $10k
Funding arb · Price arb /

NVDA

RWAall NVDA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.039%
Price spread now: Coinbase International against SunX+0.092%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$810.806% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.207%+$21 on $10k
Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.092%, 7d avg +0.057%
Together, before fees+0.141%+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.035% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.057%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NVDA-USDT227.250get 0.0000% / 8h5h 34m$2K$3.7M20x
ShortCoinbase International NVDA-PERP-INTX227.460.0072get 0.0009% / 1h34m 42s$1.3M$776K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$15.12
Price spread: +0.092% → +0.057%
$3.52
Slippage, 4 orders
−$62.56
Fee SunX: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$61.92
Costs to cover
0.806%
Break-even
35.7 days
Slippage from SunX: live order book, 3 min ago; Coinbase International: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 3 min ago21.97 bp38.1 bp −$3867.6 bp −$676doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago2.42 bp8.3 bp −$810.5 bp −$105doesn't fitdoesn't fit

NVDA on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NVDAUSDT0.0000%8h227.60+0.154%$12.7M$14.8M100xas long as short
OKX NVDA-USDT-SWAP0.0000%8h227.60+0.154%$14.4M$20.2M50xas long as short
Gate NVDA_USDT0.0000%8h227.57+0.141%$7.2M$9.6M100xas long as short
Bitget NVDAUSDT0.0000%8h227.67+0.185%$15.5M$16.4M100xas long as short
GRVT NVDA_USDT_Perp0.0000%8h227.75+0.219%$20K$384K10xas long as short
SunX NVDA-USDTlong0.0000%8h227.25long leg$2K$3.7M20x
HTX NVDA-USDT0.0000%8h227.76+0.224%$198K$479K30xas long as short
Phemex NVDAUSDT0.0000%4h227.68+0.189%$2.2M$43K10xas long as short
Aster NVDAUSDT+0.0009%8h227.68+0.189%$483K$590K20xas long as short
Aftermath Perps NVDAUSD+0.0011%1h227.50+0.109%$118K$54K10xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NVDA+0.0034%8h227.71+0.203%$3.5M$2.1Mas long as short
Arcus NVDA-USD+0.0040%1h227.70+0.198%$406K$719K20xas long as short
QFEX NVDA-USD+0.0044%1h227.63+0.167%$1.4M$9.6M10xas long as short
Vest NVDA-USD-PERP+0.0046%1h227.72+0.207%$74K25xas long as short
tradeXYZ xyz:NVDA+0.0050%1h227.46+0.092%$147.9M$44.2M20xas long as short
Polymarket Perps NVDA-USD+0.0050%1h227.58+0.145%$401K$277K10xas long as short
SoDEX NVDA-USD+0.0050%1h227.49+0.106%$58K$19K10xas long as short
Ondo Perps NVDA-USD.P+0.0050%1h227.45+0.088%$1.6M$2.0M15xas long as short
Coinbase International NVDA-PERP-INTXshort+0.0072%1h227.46+0.092%$1.3M$776K10x
Hotstuff NVDA-PERP+0.0088%1h227.46+0.092%$35K20xas long as short
Binance NVDAUSDT+0.0093%8h227.64+0.172%$156.2M$215.2M50xas long as short
Pacifica NVDA+0.0100%1h227.47+0.097%$299K$60K10xas long as short
ApeX Omni NVDAUSDT+0.0100%1h227.57+0.141%$16K$44K50xas long as short
Orderly PERP_NVDA_USDC+0.0100%8h227.61+0.158%$36K$22K20xas long as short
Aevo NVDA-PERP+0.0104%1h227.62+0.162%10xas long as short
Phoenix NVDA+0.0105%1h227.63+0.167%$94K$112K20xas long as short
Nado NVDA-PERP+0.0122%1h227.48+0.099%$483K$228K20xas long as short
KuCoin NVDAUSDTM+0.0132%8h227.67+0.185%$1.6M$723K20xas long as short
Lighter NVDA+0.0176%1h227.62+0.162%$2.2M$3.2M20xas long as short
BloFin NVDA-USDT+0.0212%8h227.66+0.180%$722K$202K20xas long as short
Lighter RH NVDA+0.0216%1h227.74+0.216%$5.1M$7.0M20xas long as short
Injective NVDA/USDC PERP+0.0220%1h227.99+0.326%$73K$13730xas long as short
Extended NVDA_24_5-USD+0.0320%1h227.42+0.075%$689K$718K10xas long as short
Deribit NVDA_USDC-PERPETUAL+0.0366%1h227.59+0.150%$49K$1.6M10xas long as short
edgeX NVDAUSDC+0.0557%4h227.74+0.216%$170K$1.9M20xas long as short