Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.028%

Price spread now: Gate against tradeXYZ+0.048%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.194%−$19 on $10k

Price spread, last 7 days+0.004%$0 · spread now +0.048%, 7d avg +0.061%

Together, before fees−0.190%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.061%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NVDA	227.06	0.0050	pay 0.0006% / 1h	47m 12s	$147.1M	$50.1M	20x
Short	Gate NVDA_USDT	227.17	0	get 0.0000% / 8h	1h 47m	$7.2M	$9.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.048%Rate

Funding earned: −$10.5
Price spread: +0.048% → +0.061%: −$1.26
Slippage, 4 orders: −$10.18
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$54.94
Costs to cover: 0.432%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 13 min ago; Gate: live order book, 1 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, 13 min ago	0.22 bp	9.2 bp −$9	10.5 bp −$105	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.22 bp	12.0 bp −$12	23.4 bp −$234	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	−0.0024%	1h	227.06	0.000%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.18	+0.053%	$474K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.26	+0.088%	$156.2M	$220.6M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.19	+0.057%	$12.6M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.21	+0.066%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDTshort	0.0000%	8h	227.17	+0.048%	$7.2M	$9.5M	100x
Variational Omni NVDA	0.0000%	8h	227.25	+0.082%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.27	+0.092%	$20K	$452K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.86	−0.088%	$3K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.31	+0.110%	$202K	$524K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.28	+0.097%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.16	+0.043%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0023%	8h	227.23	+0.075%	$15.6M	$18.2M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.05	−0.005%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.20	+0.062%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.31	+0.110%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDAlong	+0.0050%	1h	227.06	long leg	$147.1M	$50.1M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.13	+0.031%	$390K	$281K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.09	+0.013%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.04	−0.009%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0055%	1h	227.09	+0.013%	$487K	$225K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.11	+0.022%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.19	+0.058%	—	—	10x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.34	+0.123%	$4.9M	$7.0M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.022%	$1.3M	$911K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.07	+0.003%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.24	+0.079%	$1.6M	$753K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.16	+0.044%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.20	+0.062%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.14	+0.035%	$49K	$1.5M	10x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.27	+0.092%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.23	+0.074%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.63	+0.251%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.13	+0.031%	$388K	$709K	20x	as long as short
edgeX NVDAUSDC	+0.0498%	4h	227.24	+0.081%	$170K	$1.9M	20x	as long as short