Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.015%

Price spread now: Binance against tradeXYZ+0.066%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.066%, 7d avg +0.087%

Together, before fees+0.036%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.021% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.087%). If the spread goes back, that is −$2 on $10k: about 2.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NVDA	226.53	0.0050	pay 0.0006% / 1h	4m 49s	$147.2M	$43.6M	20x
Short	Binance NVDAUSDT	226.68	0.0081	get 0.0081% / 8h	2h 04m	$154.5M	$219.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.066%Rate

Funding earned: $6.56
Price spread: +0.066% → +0.087%: −$2.05
Slippage, 4 orders: −$1.19
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.68
Costs to cover: 0.292%
Break-even: 33.3 days

Slippage from tradeXYZ: live order book, 4 min ago; Binance: live order book, 9 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 tradeXYZ live order book, 4 min ago	0.22 bp	9.2 bp −$9	11.0 bp −$110	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.22 bp	5.2 bp −$5	6.3 bp −$63	20.0 bp −$2,000	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
Aster NVDAUSDT	0.0000%	8h	226.61	+0.033%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.69	+0.071%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.66	+0.057%	$14.2M	$20.5M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	226.62	+0.040%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.67	+0.062%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.71	+0.079%	$15.3M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.82	+0.128%	$21K	$417K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.48	−0.022%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.78	+0.110%	$198K	$456K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.83	+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	+0.0009%	8h	226.76	+0.099%	$3.6M	$2.1M	—	as long as short
Aftermath Perps NVDAUSD	+0.0010%	1h	226.53	+0.002%	$117K	$52K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.67	+0.062%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.72	+0.084%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.85	+0.141%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAlong	+0.0050%	1h	226.53	long leg	$147.2M	$43.6M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	226.68	+0.066%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.59	+0.026%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	+0.013%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0072%	1h	226.64	+0.047%	$2.1M	$3.4M	20x	as long as short
Binance NVDAUSDTshort	+0.0081%	8h	226.68	+0.066%	$154.5M	$219.0M	50x
Nado NVDA-PERP	+0.0084%	1h	226.61	+0.037%	$482K	$226K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.58	+0.023%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.70	+0.075%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.63	+0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.68	+0.066%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.72	+0.084%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.65	+0.053%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	226.80	+0.119%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.106%	$1.3M	$789K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0191%	1h	226.66	+0.057%	$53K	$1.8M	10x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	226.73	+0.088%	$710K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.95	+0.185%	$73K	$140	30x	as long as short
Extended NVDA_24_5-USD	+0.0376%	1h	226.54	+0.007%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0738%	4h	226.73	+0.086%	$170K	$1.9M	20x	as long as short