Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against SunX+0.110%7-day average +0.070% · 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−$75as in the Price arb table

costs, in and out, $10k−$790.787% of the position

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.110%, 7d avg +0.070%

Together, before fees+0.157%+ Points / potential airdropPacifica: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.040% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	225.94	0	get 0.0000% / 8h	1h 37m	$2K	$3.7M	20x
Short	Pacifica NVDA	226.19	0.0100	get 0.0013% / 1h	37m 34s	$297K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.110%Rate

Funding earned: $21
Price spread: +0.110% → +0.070%: $3.97
Slippage, 4 orders: −$62.69
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$53.73
Costs to cover: 0.787%
Break-even: 24.9 days

Slippage from SunX: live order book, 11 min ago; Pacifica: live order book, 6 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, 11 min ago	21.88 bp	38.5 bp −$38	67.8 bp −$678	doesn't fit	doesn't fit
Sell Pacifica live order book, 6 min ago	0.66 bp	9.6 bp −$10	doesn't fit	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	226.38	+0.195%	$12.4M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.38	+0.195%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.30	+0.159%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.40	+0.204%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.37	+0.188%	$21K	$422K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	225.94	long leg	$2K	$3.7M	20x
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.23	+0.128%	$52K	$1.8M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.37	+0.190%	$198K	$453K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.68	+0.328%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	226.45	+0.224%	$482K	$571K	20x	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	+0.0017%	1h	226.23	+0.127%	$117K	$52K	10x	as long as short
Variational Omni NVDA	+0.0018%	8h	226.30	+0.157%	$3.5M	$2.2M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.27	+0.146%	$398K	$735K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.43	+0.217%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.25	+0.137%	$147.0M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.32	+0.168%	$396K	$281K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.16	+0.097%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.11	+0.075%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.36	+0.186%	$1.3M	$9.0M	10x	as long as short
Binance NVDAUSDT	+0.0088%	8h	226.41	+0.208%	$154.4M	$219.2M	50x	as long as short
Lighter NVDA	+0.0088%	1h	226.32	+0.170%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDAshort	+0.0100%	1h	226.19	+0.110%	$297K	$48K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	226.35	+0.181%	$1.6M	$749K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.16	+0.097%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.25	+0.137%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.28	+0.151%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.19	+0.111%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	+0.155%	$1.3M	$789K	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	226.46	+0.230%	$5.0M	$6.9M	20x	as long as short
Nado NVDA-PERP	+0.0142%	1h	226.21	+0.118%	$480K	$226K	20x	as long as short
Hotstuff NVDA-PERP	+0.0160%	1h	226.17	+0.102%	$35K	—	20x	as long as short
BloFin NVDA-USDT	+0.0208%	8h	226.44	+0.221%	$716K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.01	+0.474%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USD	+0.0464%	1h	226.22	+0.126%	$667K	$762K	10x	as long as short
edgeX NVDAUSDC	+0.0583%	4h	226.28	+0.151%	$170K	$1.9M	20x	as long as short