Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0416%/8h= −45.6% APRpaid last 24h −0.017%

Price spread now: SunX against Extended−0.130%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$740.738% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.130%, 7d avg −0.072%

Together, before fees−0.119%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and SunX is 0.058% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.072%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.113% in total (about -5.9% 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	227.43	0.0416	pay 0.0052% / 1h	37m 01s	$685K	$733K	10x
Short	SunX NVDA-USDT	227.13	0	get 0.0000% / 8h	4h 37m	$2K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$87.36
Price spread: −0.130% → −0.072%: −$5.78
Slippage, 4 orders: −$60.82
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$166.96
Costs to cover: 0.738%
Break-even: never at this rate

Slippage from Extended: live order book, 21 min ago; SunX: live order book, 11 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, 21 min ago	0.22 bp	5.7 bp −$6	51.0 bp −$510	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	21.98 bp	26.0 bp −$26	55.7 bp −$557	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	227.55	+0.055%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	+0.037%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.48	+0.024%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.57	+0.064%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDTshort	0.0000%	8h	227.13	−0.130%	$2K	$3.7M	20x
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.45	+0.011%	$49K	$1.6M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.095%	$198K	$471K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.55	+0.055%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.42	−0.003%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0038%	8h	227.54	+0.052%	$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	227.43	+0.002%	$400K	$745K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.68	+0.112%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.40	−0.011%	$147.7M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.52	+0.042%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.39	−0.015%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.27	−0.068%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.46	+0.015%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0066%	8h	227.61	+0.081%	$20K	$390K	10x	as long as short
Lighter NVDA	+0.0072%	1h	227.52	+0.044%	$2.2M	$3.3M	20x	as long as short
Variational Omni NVDA	+0.0073%	8h	227.50	+0.034%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0081%	1h	227.46	+0.017%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.44	+0.008%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.40	−0.011%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.48	+0.024%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	+0.046%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.51	+0.037%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0122%	8h	227.54	+0.051%	$156.5M	$216.2M	50x	as long as short
Hotstuff NVDA-PERP	+0.0136%	1h	227.40	−0.011%	$35K	—	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.45	+0.011%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0143%	8h	227.55	+0.055%	$1.6M	$725K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.66	+0.103%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.84	+0.182%	$73K	$137	30x	as long as short
BloFin NVDA-USDT	+0.0242%	8h	227.52	+0.042%	$721K	$201K	20x	as long as short
Extended NVDA_24_5-USDlong	+0.0416%	1h	227.43	long leg	$685K	$733K	10x
edgeX NVDAUSDC	+0.0986%	4h	227.48	+0.023%	$170K	$1.9M	20x	as long as short