Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h +0.026%

Price spread now: BloFin against Extended+0.071%54s7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.267% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.071%, 7d avg +0.056%

Together, before fees+0.116%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.187%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	226.32	0.0408	pay 0.0051% / 1h	26m 03s	$623K	$833K	10x
Short	BloFin NVDA-USDT	226.48	0.0204	get 0.0204% / 8h	1h 26m	$715K	$194K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$42.82
Price spread: +0.071% → +0.056%: $1.45
Slippage, 4 orders: −$9.73
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$68.1
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Extended: live order book, 17 min ago; BloFin: live order book, 61 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 Extended live order book, 17 min ago	0.22 bp	8.5 bp −$9	88.0 bp −$880	doesn't fit	doesn't fit
Sell BloFin live order book, 61 min ago	0.44 bp	7.3 bp −$7	8.6 bp −$86	17.2 bp −$1,718	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
Aster NVDAUSDT	0.0000%	8h	226.48	+0.070%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.51	+0.084%	$12.4M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.51	+0.084%	$14.1M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.46	+0.062%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.48	+0.071%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.34	+0.009%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.13	−0.084%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.57	+0.110%	$198K	$451K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.59	+0.119%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	226.22	−0.043%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0016%	8h	226.32	−0.002%	$3.5M	$2.2M	—	as long as short
edgeX NVDAUSDC	+0.0039%	4h	226.42	+0.044%	$170K	$1.9M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.37	+0.022%	$399K	$731K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.57	+0.110%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.37	+0.022%	$147.1M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.42	+0.044%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.36	+0.018%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.20	−0.053%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.46	+0.062%	$1.3M	$9.1M	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.41	+0.040%	$52K	$1.8M	10x	as long as short
Lighter NVDA	+0.0080%	1h	226.50	+0.080%	$2.1M	$3.3M	20x	as long as short
Hotstuff NVDA-PERP	+0.0080%	1h	226.35	+0.013%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0084%	8h	226.52	+0.088%	$154.5M	$218.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.30	−0.010%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.41	+0.040%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.36	+0.018%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.45	+0.057%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.47	+0.066%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.39	+0.031%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.013%	$1.3M	$732K	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.63	+0.137%	$5.0M	$7.0M	20x	as long as short
Nado NVDA-PERP	+0.0123%	1h	226.31	−0.002%	$481K	$224K	20x	as long as short
BloFin NVDA-USDTshort	+0.0204%	8h	226.48	+0.071%	$715K	$194K	20x
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.155%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USDlong	+0.0408%	1h	226.32	long leg	$623K	$833K	10x