Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%

Price spread now: tradeXYZ against SunX+0.128%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$840.835% of the position

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.128%, 7d avg +0.064%

Together, before fees+0.096%+ Points / potential airdroptradeXYZ: Active · farm board+$10 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 tradeXYZ is 0.064% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	226.29	0	get 0.0000% / 8h	1h 17m	$2K	$3.6M	20x
Short	tradeXYZ xyz:NVDA	226.58	0.0050	get 0.0006% / 1h	17m 35s	$147.2M	$43.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.128%Rate

Funding earned: $10.5
Price spread: +0.128% → +0.064%: $6.42
Slippage, 4 orders: −$57.5
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$66.59
Costs to cover: 0.835%
Break-even: 51.4 days

Slippage from SunX: live order book, 11 min ago; tradeXYZ: live order book, 12 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	21.87 bp	38.5 bp −$38	67.8 bp −$678	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.22 bp	9.5 bp −$10	11.1 bp −$111	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
Hotstuff NVDA-PERP	−0.0032%	1h	226.56	+0.119%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	226.56	+0.119%	$482K	$530K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.66	+0.164%	$12.4M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.69	+0.177%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.65	+0.159%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.73	+0.194%	$15.3M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.64	+0.155%	$21K	$420K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	226.29	long leg	$2K	$3.6M	20x
HTX NVDA-USDT	0.0000%	8h	226.60	+0.137%	$198K	$450K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.78	+0.217%	$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	+0.0013%	1h	226.37	+0.034%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0017%	8h	226.62	+0.144%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.59	+0.133%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.77	+0.212%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	226.58	+0.128%	$147.2M	$43.4M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	226.61	+0.141%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.54	+0.110%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.50	+0.093%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.63	+0.150%	$1.3M	$9.1M	10x	as long as short
edgeX NVDAUSDC	+0.0070%	4h	226.59	+0.133%	$170K	$1.9M	20x	as long as short
Binance NVDAUSDT	+0.0085%	8h	226.71	+0.187%	$154.5M	$218.2M	50x	as long as short
Lighter NVDA	+0.0088%	1h	226.68	+0.173%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.52	+0.100%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.60	+0.137%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.46	+0.075%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.67	+0.168%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.67	+0.168%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.54	+0.110%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	0.000%	$1.3M	$724K	10x	as long as short
Nado NVDA-PERP	+0.0119%	1h	226.55	+0.115%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.81	+0.230%	$5.1M	$7.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0147%	1h	226.62	+0.146%	$52K	$1.8M	10x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	226.60	+0.137%	$712K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.261%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USD	+0.0376%	1h	226.47	+0.080%	$627K	$838K	10x	as long as short