Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.038%

Price spread now: SoDEX against BloFin−0.075%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and SoDEX is 0.075% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NVDA-USDT	226.80	0.0206	pay 0.0206% / 8h	3h 03m	$717K	$190K	20x
Short	SoDEX NVDA-USD	226.63	0.0050	get 0.0006% / 1h	3m 15s	$59K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$32.87
Price spread: −0.075% → 0.000%: −$7.5
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$60.36
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 28 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 28 min ago	0.22 bp	6.2 bp −$6	7.0 bp −$70	11.2 bp −$1,123	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	226.80	0.000%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.76	−0.018%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.77	−0.013%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.72	−0.035%	$7.3M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.85	+0.022%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.80	−0.001%	$21K	$404K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.41	−0.172%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.69	−0.049%	$50K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.87	+0.031%	$198K	$464K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.94	+0.062%	$2.2M	$43K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0008%	1h	226.67	−0.057%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	226.62	−0.080%	$117K	$53K	10x	as long as short
Variational Omni NVDA	+0.0019%	8h	226.82	+0.007%	$3.6M	$2.1M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.75	−0.020%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.72	−0.035%	$398K	$733K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.77	−0.013%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.89	+0.040%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.63	−0.075%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.72	−0.035%	$400K	$276K	10x	as long as short
SoDEX NVDA-USDshort	+0.0050%	1h	226.63	−0.075%	$59K	$19K	10x
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	−0.106%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0061%	1h	226.72	−0.036%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0087%	8h	226.79	−0.004%	$155.2M	$216.8M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.71	−0.038%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.80	0.000%	$1.6M	$732K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.56	−0.106%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.73	−0.031%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.76	−0.016%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.92	+0.053%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.66	−0.062%	$1.3M	$781K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	226.71	−0.040%	$93K	$112K	20x	as long as short
BloFin NVDA-USDTlong	+0.0206%	8h	226.80	long leg	$717K	$190K	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.141%	$73K	$140	30x	as long as short
Extended NVDA_24_5-USD	+0.0224%	1h	226.60	−0.088%	$670K	$765K	10x	as long as short
edgeX NVDAUSDC	+0.0677%	4h	226.78	−0.009%	$170K	$1.9M	20x	as long as short