Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.014%

Price spread now: Bitget against Coinbase International+0.057%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now +0.057%, 7d avg +0.088%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.031% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.088%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	227.53	0.0104	pay 0.0013% / 1h	16m 15s	$1.3M	$775K	10x
Short	Bitget NVDAUSDT	227.66	0	get 0.0000% / 8h	4h 16m	$15.5M	$16.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$21.84
Price spread: +0.057% → +0.088%: −$3.09
Slippage, 4 orders: −$7.12
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$54.05
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Bitget: live order book, 2 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 Coinbase International live order book, 2 min ago	1.98 bp	8.0 bp −$8	9.9 bp −$99	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.22 bp	7.1 bp −$7	9.1 bp −$91	26.8 bp −$2,675	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	227.62	+0.040%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.61	+0.035%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.55	+0.009%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDTshort	0.0000%	8h	227.66	+0.057%	$15.5M	$16.4M	100x
SunX NVDA-USDT	0.0000%	8h	227.32	−0.092%	$1K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.048%	$198K	$469K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.66	+0.057%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.64	+0.047%	$118K	$54K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0027%	8h	227.68	+0.068%	$20K	$390K	10x	as long as short
Aster NVDAUSDT	+0.0033%	8h	227.66	+0.056%	$483K	$590K	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	227.59	+0.026%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.76	+0.101%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.48	−0.022%	$147.8M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.60	+0.031%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.48	−0.022%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.070%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.58	+0.022%	$1.3M	$9.2M	10x	as long as short
Variational Omni NVDA	+0.0063%	8h	227.74	+0.094%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0072%	1h	227.51	−0.011%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0080%	1h	227.58	+0.020%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.50	−0.013%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.52	−0.004%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.59	+0.026%	$36K	$21K	20x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	227.48	−0.022%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0104%	1h	227.53	long leg	$1.3M	$775K	10x
Aevo NVDA-PERP	+0.0112%	1h	227.62	+0.041%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0117%	8h	227.64	+0.048%	$156.2M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0132%	8h	227.68	+0.066%	$1.6M	$723K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.68	+0.066%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.73	+0.088%	$5.1M	$7.1M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.56	+0.013%	$49K	$1.6M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.167%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0238%	8h	227.68	+0.066%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0384%	1h	227.51	−0.009%	$679K	$743K	10x	as long as short
edgeX NVDAUSDC	+0.0972%	4h	227.66	+0.057%	$171K	$1.9M	20x	as long as short