Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.015%

Price spread now: tradeXYZ against Binance−0.061%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 2 days (all we have)−0.039%−$4 · spread now −0.061%, 7d avg −0.066%

Together, before fees−0.079%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	227.89	0.0088	pay 0.0088% / 8h	6h 59m	$156.5M	$216.9M	50x
Short	tradeXYZ xyz:NVDA	227.75	0.0050	get 0.0006% / 1h	59m 24s	$148.1M	$46.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$7.96
Price spread: −0.061% → −0.066%: $0.42
Slippage, 4 orders: −$1.74
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$37.28
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; tradeXYZ: live order book, 10 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, 14 min ago	0.22 bp	5.2 bp −$5	6.7 bp −$67	16.2 bp −$1,619	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.22 bp	9.6 bp −$10	11.3 bp −$113	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	227.86	−0.013%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.86	−0.013%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.80	−0.039%	$7.2M	$9.5M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.40	−0.215%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.90	+0.004%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.88	−0.004%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	227.79	−0.045%	$484K	$582K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.85	−0.019%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0019%	8h	227.86	−0.015%	$3.5M	$1.9M	—	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.72	−0.075%	$692K	$674K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0036%	8h	227.90	+0.004%	$15.4M	$16.8M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.73	−0.070%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.87	−0.009%	$1.5M	$10.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.97	+0.035%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.76	−0.057%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	227.75	−0.061%	$148.1M	$46.0M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.84	−0.022%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.73	−0.070%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.70	−0.083%	$1.5M	$2.1M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.189%	$1.3M	$798K	10x	as long as short
Nado NVDA-PERP	+0.0085%	1h	227.79	−0.045%	$484K	$229K	20x	as long as short
Binance NVDAUSDTlong	+0.0088%	8h	227.89	long leg	$156.5M	$216.9M	50x
Pacifica NVDA	+0.0100%	1h	227.75	−0.062%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.74	−0.066%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	−0.013%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0101%	1h	227.80	−0.039%	$49K	$1.5M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.85	−0.016%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.75	−0.061%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0145%	8h	227.92	+0.013%	$1.6M	$734K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.89	+0.001%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.03	+0.061%	$5.1M	$7.0M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0182%	8h	227.92	+0.013%	$20K	$392K	10x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	227.90	+0.004%	$720K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.136%	$73K	$133	30x	as long as short
edgeX NVDAUSDC	+0.0342%	4h	227.88	−0.006%	$170K	$1.9M	20x	as long as short