Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.035%

Price spread now: BloFin against tradeXYZ+0.088%48s7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as 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−$320.320% of the position

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.088%, 7d avg +0.064%

Together, before fees+0.077%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.024% dearer against tradeXYZ than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.064%. The two prices were read 48 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	tradeXYZ xyz:NVDA	227.68	0.0050	pay 0.0006% / 1h	58m 27s	$148.1M	$46.1M	20x
Short	BloFin NVDA-USDT	227.88	0.0208	get 0.0208% / 8h	6h 58m	$720K	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.088%Rate

Funding earned: $33.16
Price spread: +0.088% → +0.064%: $2.35
Slippage, 4 orders: −$2
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: $3.51
Costs to cover: 0.320%
Break-even: 6.3 days

Slippage from tradeXYZ: live order book, 11 min ago; BloFin: live order book, 8 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, 11 min ago	0.22 bp	9.5 bp −$9	10.5 bp −$105	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	0.44 bp	6.4 bp −$6	6.8 bp −$68	12.4 bp −$1,236	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	227.82	+0.061%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.79	+0.048%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.75	+0.031%	$7.2M	$9.5M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.40	−0.123%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.90	+0.097%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.88	+0.088%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	227.80	+0.051%	$484K	$582K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.85	+0.073%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0019%	8h	227.86	+0.077%	$3.5M	$1.9M	—	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.67	−0.004%	$682K	$686K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0034%	8h	227.86	+0.079%	$15.4M	$16.8M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.71	+0.013%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.83	+0.066%	$1.5M	$10.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.95	+0.119%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAlong	+0.0050%	1h	227.68	long leg	$148.1M	$46.1M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.78	+0.044%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.73	+0.022%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.70	+0.009%	$1.5M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0065%	1h	227.73	+0.020%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.097%	$1.3M	$798K	10x	as long as short
Hotstuff NVDA-PERP	+0.0080%	1h	227.69	+0.004%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0088%	8h	227.82	+0.061%	$156.4M	$216.9M	50x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.98	+0.132%	$5.1M	$7.0M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.71	+0.014%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.74	+0.026%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.80	+0.053%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0101%	1h	227.80	+0.053%	$49K	$1.5M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.85	+0.077%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.75	+0.031%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0112%	1h	227.83	+0.067%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTM	+0.0144%	8h	227.88	+0.088%	$1.6M	$735K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0182%	8h	227.92	+0.105%	$20K	$392K	10x	as long as short
BloFin NVDA-USDTshort	+0.0208%	8h	227.88	+0.088%	$720K	$205K	20x
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.228%	$73K	$133	30x	as long as short
edgeX NVDAUSDC	+0.0342%	4h	227.88	+0.086%	$170K	$1.9M	20x	as long as short