Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.013%

Price spread now: SoDEX against Bybit−0.053%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Funding pays, the price is against you. SoDEX is 0.053% cheaper against Bybit than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	226.29	0	get 0.0000% / 8h	7m 22s	$12.5M	$14.4M	100x
Short	SoDEX NVDA-USD	226.17	0.0050	get 0.0006% / 1h	7m 22s	$59K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.053%Rate

Funding earned: $10.5
Price spread: −0.053% → 0.000%: −$5.3
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$13.8
Costs to cover: 0.190%
Break-even: 16.2 days

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.22 bp	6.3 bp −$6	9.2 bp −$92	53.0 bp −$5,296	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
Bybit NVDAUSDTlong	0.0000%	8h	226.29	long leg	$12.5M	$14.4M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.32	+0.013%	$14.1M	$20.3M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	226.16	−0.057%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.29	0.000%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.39	+0.044%	$15.9M	$16.6M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.95	−0.150%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.32	+0.013%	$198K	$439K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.56	+0.119%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.08	−0.091%	$117K	$51K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.26	−0.013%	$392K	$738K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0044%	8h	226.28	−0.006%	$21K	$424K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.34	+0.022%	—	$74K	25x	as long as short
SoDEX NVDA-USDshort	+0.0050%	1h	226.17	−0.053%	$59K	$19K	10x
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.03	−0.115%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0060%	8h	226.30	+0.004%	$482K	$530K	20x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.29	0.000%	$1.3M	$9.1M	10x	as long as short
Polymarket Perps NVDA-USD	+0.0080%	1h	226.22	−0.031%	$391K	$247K	10x	as long as short
Variational Omni NVDA	+0.0083%	8h	226.23	−0.028%	$3.5M	$2.3M	—	as long as short
tradeXYZ xyz:NVDA	+0.0088%	1h	226.16	−0.057%	$146.9M	$43.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.16	−0.057%	$297K	$48K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.03	−0.115%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.28	−0.004%	$36K	$21K	20x	as long as short
KuCoin NVDAUSDTM	+0.0101%	8h	226.32	+0.013%	$1.6M	$825K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.31	+0.010%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.088%	$1.3M	$695K	10x	as long as short
Binance NVDAUSDT	+0.0145%	8h	226.32	+0.013%	$155.3M	$219.6M	50x	as long as short
Lighter NVDA	+0.0160%	1h	226.21	−0.035%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0172%	1h	226.09	−0.087%	$480K	$223K	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.26	−0.013%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.110%	$73K	$140	30x	as long as short
Lighter RH NVDA	+0.0232%	1h	226.35	+0.027%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0265%	8h	226.35	+0.027%	$711K	$195K	20x	as long as short
edgeX NVDAUSDC	+0.0304%	4h	226.28	−0.003%	$170K	$1.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	226.03	−0.117%	$644K	$875K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0413%	1h	226.24	−0.022%	$53K	$1.9M	10x	as long as short