Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.013%

Price spread now: Extended against SunX+0.154%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$750.746% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.154%, 7d avg +0.070%

Together, before fees+0.042%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.084% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	226.98	0	get 0.0000% / 8h	1m 44s	$3K	$3.9M	20x
Short	Extended NVDA_24_5-USD	227.33	0.0032	get 0.0004% / 1h	1m 44s	$535K	$447K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.154%Rate

Funding earned: $6.72
Price spread: +0.154% → +0.070%: $8.38
Slippage, 4 orders: −$61.55
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$59.45
Costs to cover: 0.746%
Break-even: 68.9 days

Slippage from SunX: live order book, 6 min ago; Extended: live order book, 11 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, 6 min ago	21.99 bp	38.1 bp −$38	67.6 bp −$676	doesn't fit	doesn't fit
Sell Extended live order book, 11 min ago	0.22 bp	6.6 bp −$7	52.4 bp −$524	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	227.48	+0.220%	$482K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.44	+0.203%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.45	+0.207%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.40	+0.185%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.52	+0.240%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.55	+0.249%	$20K	$405K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	226.98	long leg	$3K	$3.9M	20x
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.38	+0.176%	$49K	$1.4M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.53	+0.242%	$197K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.53	+0.242%	$2.2M	$42K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0016%	1h	227.34	+0.158%	$118K	$56K	10x	as long as short
Bitget NVDAUSDT	+0.0020%	8h	227.45	+0.207%	$15.5M	$17.4M	100x	as long as short
Extended NVDA_24_5-USDshort	+0.0032%	1h	227.33	+0.154%	$535K	$447K	10x
Binance NVDAUSDT	+0.0036%	8h	227.46	+0.211%	$156.3M	$219.3M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.56	+0.256%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.30	+0.141%	$147.8M	$48.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.40	+0.185%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.33	+0.154%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.21	+0.101%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0059%	1h	227.38	+0.176%	$484K	$229K	20x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.42	+0.194%	$1.6M	$11.5M	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.44	+0.201%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	+0.013%	$1.3M	$839K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	+0.146%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.43	+0.198%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.42	+0.194%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.47	+0.216%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0112%	8h	227.52	+0.238%	$1.6M	$742K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.28	+0.132%	$399K	$724K	20x	as long as short
Hotstuff NVDA-PERP	+0.0128%	1h	227.34	+0.159%	$35K	—	20x	as long as short
BloFin NVDA-USDT	+0.0148%	8h	227.46	+0.211%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.48	+0.222%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	227.61	+0.278%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.67	+0.304%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0498%	4h	227.48	+0.219%	$171K	$1.9M	20x	as long as short