Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.027%

Price spread now: Gate against Arcus−0.022%7-day average +0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.162%−$16 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.022%, 7d avg +0.069%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.091% cheaper against Arcus than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	226.34	0.0040	pay 0.0005% / 1h	45m 08s	$398K	$735K	20x
Short	Gate NVDA_USDT	226.29	0	get 0.0000% / 8h	1h 45m	$7.2M	$9.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now −0.022%Rate

Funding earned: −$8.46
Price spread: −0.022% → +0.069%: −$9.12
Slippage, 4 orders: −$25.88
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$62.97
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from Arcus: live order book, 64 min ago; Gate: live order book, 3 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 Arcus live order book, 64 min ago	1.10 bp	9.8 bp −$10	12.9 bp −$129	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.22 bp	12.6 bp −$13	20.5 bp −$205	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
Bybit NVDAUSDT	0.0000%	8h	226.34	0.000%	$12.4M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.33	−0.004%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDTshort	0.0000%	8h	226.29	−0.022%	$7.2M	$9.8M	100x
Bitget NVDAUSDT	0.0000%	8h	226.37	+0.013%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.42	+0.035%	$21K	$423K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.04	−0.133%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.58	+0.106%	$198K	$454K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.64	+0.133%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	226.38	+0.017%	$482K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.33	−0.005%	$117K	$52K	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	+0.0018%	8h	226.33	−0.006%	$3.6M	$2.1M	—	as long as short
Arcus NVDA-USDlong	+0.0040%	1h	226.34	long leg	$398K	$735K	20x
Vest NVDA-USD-PERP	+0.0046%	1h	226.42	+0.035%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.20	−0.062%	$147.0M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.30	−0.018%	$398K	$279K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.21	−0.057%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.27	−0.031%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.34	0.000%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0088%	8h	226.35	+0.004%	$154.3M	$219.2M	50x	as long as short
Lighter NVDA	+0.0096%	1h	226.33	−0.003%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.20	−0.063%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.39	+0.022%	$1.6M	$748K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.21	−0.057%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.34	0.000%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.34	+0.001%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.34	0.000%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.022%	$1.3M	$789K	10x	as long as short
Hotstuff NVDA-PERP	+0.0136%	1h	226.20	−0.062%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0149%	1h	226.19	−0.066%	$480K	$226K	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	226.46	+0.053%	$5.0M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0208%	8h	226.44	+0.044%	$716K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.74	+0.177%	$73K	$136	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0236%	1h	226.28	−0.027%	$52K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0456%	1h	226.16	−0.080%	$667K	$762K	10x	as long as short
edgeX NVDAUSDC	+0.0576%	4h	226.36	+0.009%	$170K	$1.9M	20x	as long as short