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 +0.017%

Price spread now: OKX against SunX+0.150%57s7-day average +0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as 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−$760.764% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.150%, 7d avg +0.124%

Together, before fees+0.141%+$14 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: OKX is 0.026% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.124%. The two prices were read 57 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	226.44	0	get 0.0000% / 8h	2h 12m	$2K	$3.7M	20x
Short	OKX NVDA-USDT-SWAP	226.78	0	get 0.0000% / 8h	2h 12m	$14.3M	$20.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → +0.124%: $2.58
Slippage, 4 orders: −$58.36
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$73.78
Costs to cover: 0.764%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; OKX: live order book, 1 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	21.85 bp	38.4 bp −$38	67.8 bp −$678	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.22 bp	5.2 bp −$5	6.4 bp −$64	16.2 bp −$1,620	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	−0.0016%	1h	226.52	+0.035%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	226.63	+0.086%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.78	+0.150%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAPshort	0.0000%	8h	226.78	+0.150%	$14.3M	$20.5M	50x
Gate NVDA_USDT	0.0000%	8h	226.74	+0.132%	$7.3M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.80	+0.159%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.59	+0.068%	$21K	$417K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	226.44	long leg	$2K	$3.7M	20x
HTX NVDA-USDT	0.0000%	8h	226.47	+0.013%	$198K	$458K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.74	+0.132%	$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
Variational Omni NVDA	+0.0006%	8h	226.54	+0.043%	$3.6M	$2.1M	—	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	226.43	−0.002%	$117K	$52K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.61	+0.075%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.75	+0.137%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.83	+0.172%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.64	+0.088%	$147.2M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.70	+0.115%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.56	+0.053%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.38	−0.026%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0064%	1h	226.78	+0.148%	$2.1M	$3.4M	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	226.82	+0.167%	$154.6M	$218.8M	50x	as long as short
Nado NVDA-PERP	+0.0082%	1h	226.65	+0.094%	$482K	$227K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.60	+0.071%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.65	+0.093%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.42	−0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.74	+0.132%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.64	+0.088%	$53K	$1.8M	10x	as long as short
Lighter RH NVDA	+0.0104%	1h	226.90	+0.203%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.80	+0.159%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.58	+0.062%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.066%	$1.3M	$789K	10x	as long as short
BloFin NVDA-USDT	+0.0200%	8h	226.74	+0.132%	$713K	$193K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.194%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	226.62	+0.079%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0830%	4h	226.55	+0.048%	$170K	$1.9M	20x	as long as short