Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h −0.035%

Price spread now: tradeXYZ against BloFin−0.097%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.162%−$16 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.097%, 7d avg −0.064%

Together, before fees−0.081%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and tradeXYZ is 0.033% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NVDA-USDT	226.33	0.0244	pay 0.0244% / 8h	31m 07s	$711K	$195K	20x
Short	tradeXYZ xyz:NVDA	226.11	0.0084	get 0.0010% / 1h	31m 07s	$146.9M	$43.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$33.55
Price spread: −0.097% → −0.064%: −$3.28
Slippage, 4 orders: −$3
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$69.82
Costs to cover: 0.330%
Break-even: never at this rate

Slippage from BloFin: live order book, 50 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 BloFin live order book, 50 min ago	0.66 bp	6.7 bp −$7	7.5 bp −$75	15.2 bp −$1,519	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.44 bp	9.7 bp −$10	10.9 bp −$109	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	226.23	−0.044%	$12.4M	$14.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.25	−0.035%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.23	−0.044%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.37	+0.018%	$15.9M	$16.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.85	−0.212%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.40	+0.031%	$198K	$445K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.54	+0.093%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	226.13	−0.088%	$117K	$51K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0023%	8h	226.38	+0.020%	$21K	$424K	10x	as long as short
Aster NVDAUSDT	+0.0038%	8h	226.23	−0.043%	$481K	$530K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	226.29	−0.018%	$392K	$740K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.38	+0.022%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.14	−0.084%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.13	−0.088%	$1.6M	$1.9M	15x	as long as short
Variational Omni NVDA	+0.0061%	8h	226.29	−0.017%	$3.5M	$2.3M	—	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.33	0.000%	$1.3M	$9.1M	10x	as long as short
tradeXYZ xyz:NVDAshort	+0.0084%	1h	226.11	−0.097%	$146.9M	$43.2M	20x
Polymarket Perps NVDA-USD	+0.0086%	1h	226.28	−0.022%	$391K	$247K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.20	−0.057%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.25	−0.035%	$1.6M	$753K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.17	−0.071%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.19	−0.062%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	226.22	−0.049%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.106%	$1.3M	$698K	10x	as long as short
Binance NVDAUSDT	+0.0124%	8h	226.26	−0.032%	$154.3M	$219.7M	50x	as long as short
Hotstuff NVDA-PERP	+0.0128%	1h	226.22	−0.049%	$35K	—	20x	as long as short
Lighter NVDA	+0.0160%	1h	226.19	−0.064%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0165%	1h	226.19	−0.063%	$480K	$223K	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.23	−0.044%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.65	+0.141%	$73K	$138	30x	as long as short
Lighter RH NVDA	+0.0224%	1h	226.34	+0.004%	$5.1M	$6.9M	20x	as long as short
BloFin NVDA-USDTlong	+0.0244%	8h	226.33	long leg	$711K	$195K	20x
Extended NVDA_24_5-USD	+0.0304%	1h	225.97	−0.157%	$644K	$875K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0369%	1h	226.15	−0.080%	$53K	$1.9M	10x	as long as short
edgeX NVDAUSDC	+0.0538%	4h	226.32	−0.004%	$170K	$1.9M	20x	as long as short