Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.007%

Price spread now: tradeXYZ against Bitget−0.088%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.088%, 7d avg −0.102%

Together, before fees−0.027%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.102%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NVDAUSDT	227.78	0	get 0.0000% / 8h	5h 50m	$15.4M	$16.3M	100x
Short	tradeXYZ xyz:NVDA	227.58	0.0050	get 0.0006% / 1h	50m 50s	$148.1M	$44.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Bitget. 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 BitgetbpFee tradeXYZbpOrdersPrice spread, now −0.088%Rate

Funding earned: $10.5
Price spread: −0.088% → −0.102%: $1.42
Slippage, 4 orders: −$3.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.54
Costs to cover: 0.335%
Break-even: 21.4 days

Slippage from Bitget: live order book, 3 min ago; tradeXYZ: live order book, 9 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 Bitget live order book, 3 min ago	0.22 bp	7.1 bp −$7	9.3 bp −$93	26.0 bp −$2,597	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.44 bp	9.6 bp −$10	10.6 bp −$106	doesn't fit	doesn't fit

NVDA on 34 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	227.69	−0.040%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.68	−0.044%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.67	−0.048%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDTlong	0.0000%	8h	227.78	long leg	$15.4M	$16.3M	100x
GRVT NVDA_USDT_Perp	0.0000%	8h	227.76	−0.009%	$20K	$385K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.27	−0.224%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.84	+0.026%	$198K	$481K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.78	0.000%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	227.78	+0.002%	$484K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.53	−0.109%	$118K	$54K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0027%	8h	227.69	−0.039%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.72	−0.026%	$406K	$712K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.70	−0.035%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.82	+0.018%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	227.58	−0.088%	$148.1M	$44.2M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.64	−0.061%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.56	−0.097%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.52	−0.114%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.65	−0.057%	$49K	$1.6M	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.140%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0087%	8h	227.75	−0.013%	$156.3M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.56	−0.095%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	−0.092%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.69	−0.040%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.67	−0.049%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.65	−0.057%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.78	0.000%	$1.6M	$726K	20x	as long as short
Nado NVDA-PERP	+0.0142%	1h	227.57	−0.092%	$484K	$229K	20x	as long as short
Hotstuff NVDA-PERP	+0.0144%	1h	227.55	−0.101%	$35K	—	20x	as long as short
Lighter NVDA	+0.0184%	1h	227.75	−0.015%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0200%	1h	227.86	+0.035%	$5.1M	$7.0M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.057%	$73K	$134	30x	as long as short
Extended NVDA_24_5-USD	+0.0232%	1h	227.56	−0.094%	$689K	$714K	10x	as long as short
edgeX NVDAUSDC	+0.0375%	4h	227.68	−0.043%	$170K	$1.9M	20x	as long as short