Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.026%

Price spread now: Arcus against Bybit+0.004%7-day average −0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

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

Long on Bybit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.082%+$8 on $10k

Price spread, last 4 days (all we have)−0.207%−$21 · spread now +0.004%, 7d avg −0.086%

Together, before fees−0.125%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.091% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	226.95	0	get 0.0000% / 8h	3h 18m	$12.6M	$14.8M	100x
Short	Arcus NVDA-USD	226.96	0.0040	get 0.0005% / 1h	18m 36s	$398K	$739K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bybit. 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 BybitbpFee ArcusbpOrdersPrice spread, now +0.004%Rate

Funding earned: $8.46
Price spread: +0.004% → −0.086%: $9.06
Slippage, 4 orders: −$17.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$15.48
Costs to cover: 0.330%
Break-even: 19.8 days

Slippage from Bybit: live order book, 5 min ago; Arcus: live order book, 35 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 Bybit live order book, 5 min ago	0.22 bp	6.4 bp −$6	9.0 bp −$90	56.6 bp −$5,660	doesn't fit
Sell Arcus live order book, 35 min ago	1.32 bp	11.4 bp −$11	15.4 bp −$154	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
Hotstuff NVDA-PERP	−0.0080%	1h	226.92	−0.013%	$35K	—	20x	as long as short
Bybit NVDAUSDTlong	0.0000%	8h	226.95	long leg	$12.6M	$14.8M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.91	−0.018%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.89	−0.026%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.99	+0.018%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.08	+0.059%	$20K	$396K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.62	−0.145%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.26	+0.137%	$197K	$461K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.24	+0.128%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0006%	8h	226.96	+0.006%	$482K	$569K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0011%	1h	226.91	−0.016%	$118K	$53K	10x	as long as short
Variational Omni NVDA	+0.0029%	8h	227.08	+0.055%	$3.6M	$2.2M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.90	−0.024%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USDshort	+0.0040%	1h	226.96	+0.004%	$398K	$739K	20x
QFEX NVDA-USD	+0.0041%	1h	226.96	+0.004%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.06	+0.048%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.79	−0.071%	$147.4M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.94	−0.004%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.83	−0.053%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.67	−0.123%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0057%	1h	226.88	−0.033%	$482K	$227K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.87	−0.035%	$49K	$1.7M	10x	as long as short
Binance NVDAUSDT	+0.0092%	8h	226.95	−0.002%	$155.5M	$216.3M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.83	−0.054%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.95	0.000%	$1.6M	$729K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.93	−0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.91	−0.018%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.97	+0.008%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.06	+0.048%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.11	+0.071%	$1.3M	$782K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	226.96	+0.004%	$93K	$112K	20x	as long as short
Extended NVDA_24_5-USD	+0.0192%	1h	226.74	−0.093%	$672K	$765K	10x	as long as short
BloFin NVDA-USDT	+0.0212%	8h	227.14	+0.084%	$718K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.52	+0.251%	$73K	$138	30x	as long as short
edgeX NVDAUSDC	+0.0497%	4h	227.06	+0.050%	$170K	$1.9M	20x	as long as short