Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Gate+0.009%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$350.345% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.009%, 7d avg −0.049%

Together, before fees+0.085%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.058% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	226.89	0	get 0.0000% / 8h	2h 49m	$7.3M	$9.7M	100x
Short	Polymarket Perps NVDA-USD	226.91	0.0050	get 0.0006% / 1h	49m 38s	$399K	$277K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.009%Rate

Funding earned: $10.5
Price spread: +0.009% → −0.049%: $5.82
Slippage, 4 orders: −$11.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$18.22
Costs to cover: 0.345%
Break-even: 19.1 days

Slippage from Gate: live order book, 4 min ago; Polymarket Perps: live order book, 63 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, 4 min ago	0.66 bp	11.2 bp −$11	16.3 bp −$163	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 63 min ago	0.44 bp	7.1 bp −$7	8.6 bp −$86	9.5 bp −$951	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	226.88	−0.004%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.90	+0.004%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.89	0.000%	$14.3M	$20.3M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	226.89	long leg	$7.3M	$9.7M	100x
Bitget NVDAUSDT	0.0000%	8h	226.94	+0.022%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.91	+0.009%	$21K	$409K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.64	−0.110%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.86	−0.013%	$51K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.01	+0.053%	$198K	$462K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.95	+0.026%	$2.2M	$43K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0007%	1h	226.72	−0.074%	$117K	$53K	10x	as long as short
Variational Omni NVDA	+0.0009%	8h	226.94	+0.020%	$3.6M	$2.1M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.90	+0.002%	$2.1M	$3.3M	20x	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	226.80	−0.040%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.84	−0.022%	$398K	$729K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.97	+0.035%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.08	+0.084%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.79	−0.044%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	226.91	+0.009%	$399K	$277K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.80	−0.040%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.75	−0.062%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0056%	1h	226.86	−0.012%	$482K	$226K	20x	as long as short
edgeX NVDAUSDC	+0.0063%	4h	226.87	−0.008%	$170K	$1.9M	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	226.93	+0.018%	$155.2M	$217.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.81	−0.035%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.90	+0.004%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.81	−0.035%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.92	+0.013%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.92	+0.014%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.74	−0.066%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	227.07	+0.079%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.63	−0.115%	$1.3M	$781K	10x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	226.97	+0.035%	$718K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.101%	$73K	$136	30x	as long as short
Extended NVDA_24_5-USD	+0.0248%	1h	226.76	−0.055%	$668K	$767K	10x	as long as short