Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0322%/8h= −35.2% APRpaid last 24h −0.044%

Price spread now: Gate against Deribit−0.026%7-day average +0.013% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.226%−$23 on $10k

Price spread, last 4 days (all we have)+0.215%+$22 · spread now −0.026%, 7d avg +0.013%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Gate is 0.039% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NVDA_USDC-PERPETUAL	227.56	0.0322	pay 0.0040% / 1h	28m 40s	$49K	$1.6M	10x
Short	Gate NVDA_USDT	227.50	0	get 0.0000% / 8h	5h 28m	$7.2M	$9.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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 DeribitbpFee GatebpOrdersPrice spread, now −0.026%Rate

Funding earned: −$67.54
Price spread: −0.026% → +0.013%: −$3.9
Slippage, 4 orders: −$17.13
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$110.56
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Deribit: live order book, just now; Gate: live order book, 5 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 Deribit live order book, just now	3.74 bp	7.7 bp −$8	8.3 bp −$83	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.66 bp	11.2 bp −$11	20.6 bp −$206	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	227.57	+0.004%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	−0.004%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDTshort	0.0000%	8h	227.50	−0.026%	$7.2M	$9.6M	100x
Bitget NVDAUSDT	0.0000%	8h	227.62	+0.026%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.68	+0.053%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.11	−0.198%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.088%	$198K	$478K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	+0.035%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0011%	8h	227.56	+0.001%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.52	−0.019%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0016%	1h	227.46	−0.044%	$35K	—	20x	as long as short
Variational Omni NVDA	+0.0036%	8h	227.62	+0.026%	$3.5M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.68	+0.053%	$406K	$745K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.61	+0.022%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.70	+0.062%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.41	−0.066%	$147.9M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	0.000%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.48	−0.035%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.43	−0.057%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.013%	$1.3M	$777K	10x	as long as short
Binance NVDAUSDT	+0.0096%	8h	227.60	+0.018%	$156.2M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.42	−0.060%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.50	−0.026%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.59	+0.013%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.61	+0.020%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.50	−0.026%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0122%	1h	227.48	−0.033%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0134%	8h	227.61	+0.022%	$1.6M	$724K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.57	+0.003%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.69	+0.057%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0215%	8h	227.67	+0.048%	$723K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.189%	$73K	$137	30x	as long as short
edgeX NVDAUSDC	+0.0277%	4h	227.60	+0.018%	$170K	$1.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUALlong	+0.0322%	1h	227.56	long leg	$49K	$1.6M	10x
Extended NVDA_24_5-USD	+0.0344%	1h	227.37	−0.083%	$689K	$722K	10x	as long as short