Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0068%/8hpaid last 24h +0.006%

Price spread now: Orderly against Extended+0.095%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.095% dearer against Extended than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	227.01	0.0032	pay 0.0004% / 1h	4m 30s	$530K	$341K	10x
Short	Orderly PERP_NVDA_USDC	227.23	0.0100	get 0.0100% / 8h	4h 04m	$36K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.095%Rate

Funding earned: $14.28
Price spread: +0.095% → 0.000%: $9.53
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $12.81
Costs to cover: 0.110%
Break-even: 0.7 days

Slippage unknown: Extended: live order book, 27 min ago; Orderly: 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 Extended live order book, 27 min ago	0.22 bp	4.1 bp −$4	26.0 bp −$260	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 NVDAUSDT	0.0000%	8h	227.13	+0.051%	$12.9M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.14	+0.056%	$14.4M	$20.8M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.09	+0.034%	$7.2M	$9.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.42	+0.179%	$20K	$482K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.84	−0.076%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.59	+0.254%	$197K	$435K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.34	+0.144%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0002%	8h	227.45	+0.194%	$3.3M	$2.1M	—	as long as short
Aster NVDAUSDT	+0.0018%	8h	227.24	+0.099%	$509K	$494K	20x	as long as short
Extended NVDA_24_5-USDlong	+0.0032%	1h	227.01	long leg	$530K	$341K	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.16	+0.064%	$412K	$653K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.41	+0.175%	—	$73K	25x	as long as short
QFEX NVDA-USD	+0.0050%	1h	227.12	+0.047%	$1.5M	$11.1M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.15	+0.060%	$147.3M	$48.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.20	+0.082%	$396K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.14	+0.056%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.96	−0.024%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.19	+0.078%	$49K	$1.4M	10x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.05	+0.016%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0074%	8h	227.19	+0.076%	$156.3M	$211.8M	50x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.23	+0.094%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.10	+0.040%	$298K	$52K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.28	+0.117%	$1.6M	$722K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.32	+0.135%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	227.23	+0.095%	$36K	$22K	20x
Lighter RH NVDA	+0.0104%	1h	227.39	+0.166%	$4.8M	$6.9M	20x	as long as short
Nado NVDA-PERP	+0.0105%	1h	227.18	+0.075%	$479K	$216K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.38	+0.161%	$1.3M	$833K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0155%	1h	227.31	+0.133%	$118K	$54K	10x	as long as short
Bitget NVDAUSDT	+0.0173%	8h	227.17	+0.069%	$15.7M	$17.8M	100x	as long as short
Lighter NVDA	+0.0176%	1h	227.26	+0.107%	$2.0M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0194%	8h	227.30	+0.126%	$724K	$200K	20x	as long as short
Phoenix NVDA	+0.0211%	1h	227.37	+0.157%	$93K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.88	+0.382%	$73K	$128	30x	as long as short
edgeX NVDAUSDC	+0.0485%	4h	227.45	+0.191%	$165K	$1.8M	20x	as long as short