Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against Gate−0.037%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 4 days (all we have)+0.382%+$38 · spread now −0.037%, 7d avg −0.032%

Together, before fees+0.606%+ Points / potential airdropPacifica: Active · farm board+$61 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	226.12	0	get 0.0000% / 8h	7h 31m	$7.2M	$9.9M	100x
Short	Pacifica NVDA	226.04	0.0100	get 0.0013% / 1h	31m 44s	$297K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now −0.037%Rate

Funding earned: $21
Price spread: −0.037% → −0.032%: −$0.46
Slippage, 4 orders: −$16.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$18.63
Costs to cover: 0.392%
Break-even: 13.2 days

Slippage from Gate: live order book, 2 min ago; Pacifica: live order book, 2 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 Gate live order book, 2 min ago	0.22 bp	13.6 bp −$14	21.1 bp −$211	doesn't fit	doesn't fit
Sell Pacifica live order book, 2 min ago	1.11 bp	6.1 bp −$6	doesn't fit	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	226.12	0.000%	$12.5M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.15	+0.013%	$14.1M	$20.3M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	226.12	long leg	$7.2M	$9.9M	100x
Bitget NVDAUSDT	0.0000%	8h	226.25	+0.057%	$15.8M	$15.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.18	+0.024%	$22K	$428K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.77	−0.155%	$2K	$3.5M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.03	−0.040%	$53K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.32	+0.088%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.38	+0.115%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	226.03	−0.039%	$117K	$52K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.14	+0.007%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.06	−0.028%	$640K	$875K	10x	as long as short
Lighter RH NVDA	+0.0040%	1h	226.31	+0.084%	$5.1M	$7.0M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.13	+0.004%	$391K	$738K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.26	+0.062%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.04	−0.035%	$146.8M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	225.95	−0.075%	$390K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	225.96	−0.071%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	225.94	−0.080%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0056%	1h	226.04	−0.036%	$480K	$222K	20x	as long as short
Aster NVDAUSDT	+0.0067%	8h	226.19	+0.032%	$481K	$544K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.12	0.000%	$1.3M	$9.1M	10x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	225.97	−0.066%	$35K	—	20x	as long as short
Pacifica NVDAshort	+0.0100%	1h	226.04	−0.037%	$297K	$50K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	226.13	+0.004%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.05	−0.031%	$36K	$20K	20x	as long as short
Variational Omni NVDA	+0.0100%	8h	226.16	+0.017%	$3.2M	$2.5M	—	as long as short
KuCoin NVDAUSDTM	+0.0101%	8h	226.19	+0.031%	$1.6M	$963K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.07	−0.020%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.09	−0.013%	$1.3M	$688K	10x	as long as short
Binance NVDAUSDT	+0.0152%	8h	226.18	+0.025%	$154.9M	$221.0M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.04	−0.035%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.186%	$73K	$137	30x	as long as short
BloFin NVDA-USDT	+0.0275%	8h	226.15	+0.013%	$715K	$198K	20x	as long as short
edgeX NVDAUSDC	+0.0570%	4h	226.14	+0.011%	$170K	$1.9M	20x	as long as short