Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h +0.017%

Price spread now: Deribit against Binance−0.040%7-day average −0.028% · 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−$27as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.145%−$15 · spread now −0.040%, 7d avg −0.028%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair paid +0.086%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	227.53	0.0123	pay 0.0123% / 8h	4h 38m	$156.5M	$216.2M	50x
Short	Deribit NVDA_USDC-PERPETUAL	227.44	0	get 0.0000% / 1h	38m 16s	$49K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$25.74
Price spread: −0.040% → −0.028%: −$1.19
Slippage, 4 orders: −$8.78
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$52.71
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Deribit: 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 Binance live order book, 5 min ago	0.22 bp	5.2 bp −$5	5.9 bp −$59	15.5 bp −$1,548	doesn't fit
Sell Deribit live order book, 1 min ago	3.74 bp	7.7 bp −$8	8.2 bp −$82	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	227.51	−0.009%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.49	−0.018%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.44	−0.040%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.55	+0.009%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.10	−0.189%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	0.0000%	1h	227.44	−0.040%	$49K	$1.6M	10x
HTX NVDA-USDT	0.0000%	8h	227.64	+0.048%	$198K	$471K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.61	+0.035%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.42	−0.047%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0038%	8h	227.52	−0.006%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.018%	$406K	$745K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.66	+0.057%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.39	−0.062%	$147.7M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.50	−0.013%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.37	−0.070%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.27	−0.114%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.46	−0.031%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0066%	8h	227.61	+0.035%	$20K	$390K	10x	as long as short
Lighter NVDA	+0.0072%	1h	227.48	−0.022%	$2.2M	$3.3M	20x	as long as short
Variational Omni NVDA	+0.0073%	8h	227.50	−0.012%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0085%	1h	227.41	−0.053%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	−0.056%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.47	−0.026%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.48	−0.022%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	0.000%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.50	−0.015%	—	—	10x	as long as short
Binance NVDAUSDTlong	+0.0123%	8h	227.53	long leg	$156.5M	$216.2M	50x
Hotstuff NVDA-PERP	+0.0136%	1h	227.36	−0.075%	$35K	—	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.46	−0.031%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0144%	8h	227.52	−0.004%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.64	+0.048%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.220%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0244%	8h	227.57	+0.018%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0432%	1h	227.41	−0.053%	$685K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0515%	4h	227.55	+0.007%	$170K	$1.9M	20x	as long as short