Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against Bybit−0.076%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

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

costs, in and out, $10k−$310.309% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.076%, 7d avg −0.049%

Together, before fees+0.170%+ Points / potential airdropPacifica: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.027% cheaper against Bybit than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.049%). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	227.68	0	get 0.0000% / 8h	5h 06m	$12.7M	$16.0M	100x
Short	Pacifica NVDA	227.51	0.0100	get 0.0013% / 1h	6m 37s	$299K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.076%Rate

Funding earned: $21
Price spread: −0.076% → −0.049%: −$2.7
Slippage, 4 orders: −$11.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$12.58
Costs to cover: 0.309%
Break-even: 11.2 days

Slippage from Bybit: live order book, 5 min ago; Pacifica: live order book, 40 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	9.4 bp −$94	28.7 bp −$2,868	doesn't fit
Sell Pacifica live order book, 40 min ago	2.86 bp	8.3 bp −$8	doesn't fit	doesn't fit	doesn't fit

NVDA on 35 exchanges

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	−0.1600%	1h	227.50	−0.079%	$35K	—	20x	as long as short
Bybit NVDAUSDTlong	0.0000%	8h	227.68	long leg	$12.7M	$16.0M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	227.66	−0.009%	$14.5M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.59	−0.040%	$7.2M	$9.3M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.70	+0.009%	$15.7M	$15.8M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.29	−0.171%	$2K	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.55	−0.057%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.51	−0.075%	$199K	$399K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.71	+0.013%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.41	−0.118%	$117K	$52K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	227.62	−0.028%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.49	−0.083%	$611K	$930K	10x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.58	−0.044%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.85	+0.075%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.54	−0.061%	$149.3M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.62	−0.026%	$392K	$212K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.57	−0.048%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.136%	$1.5M	$2.0M	15x	as long as short
Aster NVDAUSDT	+0.0056%	8h	227.62	−0.026%	$484K	$565K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0079%	8h	227.64	−0.018%	$20K	$418K	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.56	−0.054%	$479K	$208K	20x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.77	+0.040%	$5.3M	$7.2M	20x	as long as short
Pacifica NVDAshort	+0.0100%	1h	227.51	−0.076%	$299K	$50K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.53	−0.066%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.66	−0.009%	$36K	$19K	20x	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.65	−0.015%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	227.41	−0.119%	$1.3M	$672K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.55	−0.057%	$94K	$82K	20x	as long as short
Variational Omni NVDA	+0.0147%	8h	227.58	−0.044%	$3.3M	$2.4M	—	as long as short
KuCoin NVDAUSDTM	+0.0156%	8h	227.65	−0.013%	$1.6M	$1.5M	20x	as long as short
Binance NVDAUSDT	+0.0192%	8h	227.67	−0.004%	$155.7M	$224.9M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.74	+0.026%	$73K	$140	30x	as long as short
BloFin NVDA-USDT	+0.0314%	8h	227.71	+0.013%	$737K	$202K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.54	−0.061%	$384K	$705K	20x	as long as short
edgeX NVDAUSDC	+0.0818%	4h	227.59	−0.041%	$171K	$1.9M	20x	as long as short