Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: GRVT against SunX+0.222%74s7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$770.766% of the position

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.222%, 7d avg +0.113%

Together, before fees−0.016%+ Points / potential airdropGRVT: Active · farm board−$2 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: GRVT is 0.109% dearer against SunX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.113%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	227.16	0	get 0.0000% / 8h	3h 55m	$2K	$3.7M	20x
Short	GRVT NVDA_USDT_Perp	227.66	0	get 0.0000% / 8h	3h 55m	$20K	$390K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.222%Rate

Funding earned: $0
Price spread: +0.222% → +0.113%: $10.93
Slippage, 4 orders: −$59.59
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$65.66
Costs to cover: 0.766%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; GRVT: live order book, 62 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, 12 min ago	21.98 bp	38.1 bp −$38	67.6 bp −$676	doesn't fit	doesn't fit
Sell GRVT live order book, 62 min ago	1.54 bp	6.5 bp −$6	8.0 bp −$80	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	227.56	+0.176%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.52	+0.158%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.50	+0.150%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.57	+0.180%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perpshort	0.0000%	8h	227.66	+0.222%	$20K	$390K	10x
SunX NVDA-USDTlong	0.0000%	8h	227.16	long leg	$2K	$3.7M	20x
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.48	+0.141%	$49K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.71	+0.242%	$198K	$466K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.63	+0.207%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.50	+0.150%	$118K	$53K	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	+0.0026%	8h	227.62	+0.202%	$483K	$590K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.55	+0.172%	$399K	$741K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.54	+0.167%	$1.3M	$9.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.69	+0.233%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.42	+0.114%	$147.8M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.54	+0.167%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.44	+0.123%	$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
Lighter NVDA	+0.0056%	1h	227.52	+0.159%	$2.2M	$3.3M	20x	as long as short
Variational Omni NVDA	+0.0058%	8h	227.54	+0.165%	$3.6M	$2.2M	—	as long as short
Nado NVDA-PERP	+0.0072%	1h	227.48	+0.141%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.46	+0.132%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.52	+0.158%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.52	+0.158%	$36K	$21K	20x	as long as short
Binance NVDAUSDT	+0.0111%	8h	227.56	+0.176%	$156.1M	$215.9M	50x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.55	+0.172%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0119%	8h	227.60	+0.194%	$1.6M	$724K	20x	as long as short
Hotstuff NVDA-PERP	+0.0120%	1h	227.43	+0.119%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.53	+0.163%	$1.3M	$775K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.57	+0.180%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0160%	1h	227.67	+0.225%	$5.1M	$7.1M	20x	as long as short
edgeX NVDAUSDC	+0.0164%	4h	227.64	+0.212%	$171K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.92	+0.335%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0231%	8h	227.61	+0.198%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0272%	1h	227.44	+0.123%	$669K	$769K	10x	as long as short