Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against SunX+0.198%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$780.782% of the position

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.198%, 7d avg +0.082%

Together, before fees+0.123%+$12 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 Polymarket Perps is 0.116% dearer against SunX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	227.13	0	get 0.0000% / 8h	5h 34m	$2K	$3.7M	20x
Short	Polymarket Perps NVDA-USD	227.58	0.0050	get 0.0006% / 1h	34m 03s	$401K	$277K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.198%Rate

Funding earned: $10.5
Price spread: +0.198% → +0.082%: $11.62
Slippage, 4 orders: −$62.19
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$56.07
Costs to cover: 0.782%
Break-even: 44.4 days

Slippage from SunX: live order book, 4 min ago; Polymarket Perps: live order book, 28 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, 4 min ago	21.97 bp	38.1 bp −$38	67.6 bp −$676	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 28 min ago	3.08 bp	7.1 bp −$7	7.3 bp −$73	10.2 bp −$1,020	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	227.61	+0.211%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.60	+0.207%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.56	+0.189%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.64	+0.225%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.75	+0.272%	$20K	$384K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	227.13	long leg	$2K	$3.7M	20x
HTX NVDA-USDT	0.0000%	8h	227.76	+0.277%	$198K	$479K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.66	+0.233%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0009%	8h	227.69	+0.248%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.49	+0.159%	$118K	$54K	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	+0.0034%	8h	227.71	+0.256%	$3.5M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.70	+0.251%	$406K	$719K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.63	+0.220%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.70	+0.251%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.45	+0.141%	$147.9M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	227.58	+0.198%	$401K	$277K	10x
SoDEX NVDA-USD	+0.0050%	1h	227.46	+0.145%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.45	+0.141%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	+0.145%	$1.3M	$776K	10x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	227.46	+0.145%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0093%	8h	227.64	+0.225%	$156.2M	$215.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.47	+0.150%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	+0.194%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.61	+0.211%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.60	+0.208%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.63	+0.220%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0123%	1h	227.47	+0.151%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0132%	8h	227.69	+0.247%	$1.6M	$723K	20x	as long as short
Lighter NVDA	+0.0176%	1h	227.62	+0.214%	$2.2M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0212%	8h	227.66	+0.233%	$722K	$202K	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.74	+0.269%	$5.1M	$7.0M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.379%	$73K	$137	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0322%	1h	227.58	+0.198%	$49K	$1.6M	10x	as long as short
Extended NVDA_24_5-USD	+0.0328%	1h	227.41	+0.125%	$689K	$718K	10x	as long as short
edgeX NVDAUSDC	+0.0557%	4h	227.74	+0.269%	$170K	$1.9M	20x	as long as short