Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.023%

Price spread now: Extended against Binance−0.066%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 2 days (all we have)−0.093%−$9 · spread now −0.066%, 7d avg −0.096%

Together, before fees−0.177%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.030% dearer against Binance than usual: you sell high and buy low (spread −0.066% now, against its 7-day average of −0.096%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	227.90	0.0087	pay 0.0087% / 8h	7h 01m	$156.5M	$217.0M	50x
Short	Extended NVDA_24_5-USD	227.75	0.0032	get 0.0004% / 1h	1m 21s	$636K	$597K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$11.52
Price spread: −0.066% → −0.096%: $3.03
Slippage, 4 orders: −$5.57
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$29.07
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Extended: live order book, 6 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, 12 min ago	0.22 bp	5.2 bp −$5	6.7 bp −$67	16.2 bp −$1,619	doesn't fit
Sell Extended live order book, 6 min ago	0.44 bp	4.3 bp −$4	50.2 bp −$502	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	227.88	−0.007%	$12.7M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.84	−0.024%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.82	−0.033%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.41	−0.213%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.90	+0.002%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.96	+0.028%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	227.77	−0.056%	$484K	$582K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.85	−0.022%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	227.92	+0.012%	$3.5M	$1.9M	—	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0013%	1h	227.80	−0.042%	$49K	$1.5M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USDshort	+0.0032%	1h	227.75	−0.066%	$636K	$597K	10x
Bitget NVDAUSDT	+0.0039%	8h	227.91	+0.006%	$15.4M	$16.8M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.73	−0.073%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.86	−0.016%	$1.5M	$10.8M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.98	+0.037%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.75	−0.064%	$148.1M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.85	−0.020%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.75	−0.064%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.73	−0.073%	$1.5M	$2.1M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.191%	$1.3M	$798K	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.78	−0.050%	$484K	$229K	20x	as long as short
Binance NVDAUSDTlong	+0.0087%	8h	227.90	long leg	$156.5M	$217.0M	50x
Hotstuff NVDA-PERP	+0.0088%	1h	227.74	−0.068%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.75	−0.065%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.74	−0.068%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	−0.016%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.84	−0.022%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.75	−0.064%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0145%	8h	227.91	+0.006%	$1.6M	$735K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.89	−0.003%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.05	+0.068%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0190%	8h	227.92	+0.009%	$21K	$391K	10x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	227.93	+0.015%	$719K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.134%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0342%	4h	227.88	−0.008%	$170K	$1.9M	20x	as long as short