Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.013%

Price spread now: Orderly against tradeXYZ+0.058%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.058% dearer against tradeXYZ than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NVDA	226.01	0.0095	pay 0.0012% / 1h	53m 13s	$146.8M	$43.1M	20x
Short	Orderly PERP_NVDA_USDC	226.14	0.0100	get 0.0100% / 8h	53m 13s	$36K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.058%Rate

Funding earned: $0.98
Price spread: +0.058% → 0.000%: $5.75
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$17.27
Costs to cover: 0.240%
Break-even: 130.9 days

Slippage unknown: tradeXYZ: live order book, 6 min ago; Orderly: no order-book sample. Net counts fees only.

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, 6 min ago	0.44 bp	9.7 bp −$10	11.0 bp −$110	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0040%	1h	226.05	+0.018%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.15	+0.062%	$12.4M	$14.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.12	+0.049%	$14.1M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.12	+0.049%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.22	+0.093%	$15.8M	$16.6M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.72	−0.128%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.17	+0.071%	$198K	$447K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.37	+0.159%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0001%	8h	226.24	+0.103%	$21K	$425K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0019%	1h	226.08	+0.032%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0023%	8h	226.18	+0.076%	$481K	$530K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.18	+0.075%	$392K	$742K	20x	as long as short
Variational Omni NVDA	+0.0041%	8h	226.25	+0.108%	$3.5M	$2.3M	—	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.21	+0.088%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.02	+0.004%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	225.97	−0.018%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.17	+0.071%	$1.3M	$9.1M	10x	as long as short
tradeXYZ xyz:NVDAlong	+0.0095%	1h	226.01	long leg	$146.8M	$43.1M	20x
Pacifica NVDA	+0.0100%	1h	226.02	+0.004%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.21	+0.088%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.03	+0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	226.14	+0.058%	$36K	$21K	20x
Binance NVDAUSDT	+0.0109%	8h	226.16	+0.066%	$154.2M	$218.2M	50x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	226.16	+0.066%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.29	+0.124%	$1.3M	$697K	10x	as long as short
Polymarket Perps NVDA-USD	+0.0126%	1h	226.12	+0.049%	$391K	$247K	10x	as long as short
Lighter NVDA	+0.0168%	1h	226.12	+0.046%	$2.1M	$3.2M	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.15	+0.062%	$93K	$83K	20x	as long as short
Nado NVDA-PERP	+0.0181%	1h	226.00	−0.006%	$480K	$223K	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	226.27	+0.115%	$5.1M	$6.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.58	+0.252%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0229%	8h	226.16	+0.066%	$713K	$194K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0281%	1h	226.11	+0.044%	$53K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	225.93	−0.038%	$644K	$875K	10x	as long as short
edgeX NVDAUSDC	+0.0454%	4h	226.25	+0.104%	$170K	$1.9M	20x	as long as short