Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h −0.014%

Price spread now: OKX against Extended+0.093%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now +0.093%, 7d avg +0.057%

Together, before fees+0.051%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.036% dearer against Extended than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.057%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	226.20	0.0360	pay 0.0045% / 1h	2m 08s	$646K	$878K	10x
Short	OKX NVDA-USDT-SWAP	226.41	0	get 0.0000% / 8h	2m 08s	$14.1M	$20.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$75.6
Price spread: +0.093% → +0.057%: $3.57
Slippage, 4 orders: −$5.81
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$92.84
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from Extended: live order book, 36 min ago; OKX: live order book, 1 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, 36 min ago	0.22 bp	4.5 bp −$4	53.9 bp −$539	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.22 bp	5.4 bp −$5	8.0 bp −$80	18.9 bp −$1,891	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	226.41	+0.093%	$12.5M	$14.4M	100x	as long as short
OKX NVDA-USDT-SWAPshort	0.0000%	8h	226.41	+0.093%	$14.1M	$20.3M	50x
Gate NVDA_USDT	0.0000%	8h	226.39	+0.084%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.47	+0.119%	$15.9M	$16.6M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.04	−0.071%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.115%	$198K	$438K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.60	+0.177%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	226.13	−0.032%	$117K	$51K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	226.28	+0.035%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.34	+0.062%	$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
Vest NVDA-USD-PERP	+0.0046%	1h	226.44	+0.106%	—	$74K	25x	as long as short
GRVT NVDA_USDT_Perp	+0.0047%	8h	226.30	+0.043%	$21K	$421K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.28	+0.035%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.18	−0.009%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.33	+0.057%	$1.3M	$9.0M	10x	as long as short
Aster NVDAUSDT	+0.0070%	8h	226.37	+0.075%	$482K	$530K	20x	as long as short
Polymarket Perps NVDA-USD	+0.0077%	1h	226.33	+0.057%	$391K	$247K	10x	as long as short
Variational Omni NVDA	+0.0089%	8h	226.34	+0.064%	$3.5M	$2.3M	—	as long as short
tradeXYZ xyz:NVDA	+0.0096%	1h	226.29	+0.040%	$146.9M	$43.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.25	+0.022%	$297K	$48K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.02	−0.080%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.39	+0.084%	$36K	$21K	20x	as long as short
KuCoin NVDAUSDTM	+0.0109%	8h	226.40	+0.088%	$1.6M	$849K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.42	+0.098%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.049%	$1.3M	$695K	10x	as long as short
edgeX NVDAUSDC	+0.0150%	4h	226.30	+0.043%	$170K	$1.9M	20x	as long as short
Binance NVDAUSDT	+0.0155%	8h	226.39	+0.084%	$155.3M	$219.3M	50x	as long as short
Nado NVDA-PERP	+0.0175%	1h	226.20	+0.002%	$480K	$223K	20x	as long as short
Lighter NVDA	+0.0176%	1h	226.35	+0.067%	$2.1M	$3.3M	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.33	+0.057%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.150%	$73K	$140	30x	as long as short
Lighter RH NVDA	+0.0232%	1h	226.50	+0.133%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0272%	8h	226.44	+0.106%	$712K	$195K	20x	as long as short
Extended NVDA_24_5-USDlong	+0.0360%	1h	226.20	long leg	$646K	$878K	10x
Deribit NVDA_USDC-PERPETUAL	+0.0457%	1h	226.33	+0.057%	$53K	$1.9M	10x	as long as short