Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0048%/8h= −5.2% APRpaid last 24h −0.023%

Price spread now: Pacifica against BloFin−0.088%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 3 days (all we have)+0.091%+$9 · spread now −0.088%, 7d avg −0.058%

Together, before fees−0.037%+ Points / potential airdropPacifica: Active · farm board−$4 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 Pacifica is 0.030% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.058%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NVDA-USDT	227.84	0.0148	pay 0.0148% / 8h	7h 49m	$715K	$207K	20x
Short	Pacifica NVDA	227.64	0.0100	get 0.0013% / 1h	49m 09s	$299K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now −0.088%Rate

Funding earned: −$10
Price spread: −0.088% → −0.058%: −$3
Slippage, 4 orders: −$10.53
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$43.54
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from BloFin: live order book, 22 min ago; Pacifica: live order book, 24 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 BloFin live order book, 22 min ago	0.22 bp	6.2 bp −$6	7.2 bp −$72	11.8 bp −$1,177	doesn't fit
Sell Pacifica live order book, 24 min ago	1.76 bp	8.1 bp −$8	doesn't fit	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
Aster NVDAUSDT	0.0000%	8h	227.60	−0.106%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.75	−0.040%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.71	−0.057%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.67	−0.075%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.71	−0.057%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.66	−0.079%	$20K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.39	−0.198%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.158%	$197K	$515K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.84	0.000%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.61	−0.103%	$118K	$56K	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-USD	+0.0032%	1h	227.55	−0.127%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0037%	8h	227.77	−0.031%	$156.5M	$218.6M	50x	as long as short
Bitget NVDAUSDT	+0.0038%	8h	227.81	−0.013%	$15.5M	$17.1M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	−0.119%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.74	−0.044%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	0.000%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.60	−0.105%	$148.0M	$46.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.71	−0.057%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.62	−0.097%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.46	−0.167%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0057%	1h	227.66	−0.080%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.167%	$1.3M	$823K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.70	−0.062%	—	—	10x	as long as short
Hotstuff NVDA-PERP	+0.0096%	1h	227.64	−0.088%	$35K	—	20x	as long as short
Pacifica NVDAshort	+0.0100%	1h	227.64	−0.088%	$299K	$60K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.59	−0.110%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.72	−0.053%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.65	−0.083%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	227.88	+0.018%	$5.1M	$7.1M	20x	as long as short
KuCoin NVDAUSDTM	+0.0119%	8h	227.73	−0.048%	$1.6M	$743K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.76	−0.034%	$2.2M	$3.2M	20x	as long as short
BloFin NVDA-USDTlong	+0.0148%	8h	227.84	long leg	$715K	$207K	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.022%	$73K	$135	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0321%	1h	227.72	−0.053%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0364%	4h	227.63	−0.092%	$170K	$1.9M	20x	as long as short