Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against OKX+0.004%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.004%, 7d avg −0.008%

Together, before fees−0.105%−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	227.57	0	get 0.0000% / 8h	4h 13m	$14.4M	$20.5M	50x
Short	Bybit NVDAUSDT	227.58	0	get 0.0000% / 8h	4h 13m	$12.7M	$14.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.008%: $1.23
Slippage, 4 orders: −$3.86
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$23.63
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, just now.

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 OKX live order book, 5 min ago	0.22 bp	5.3 bp −$5	6.7 bp −$67	14.7 bp −$1,475	doesn't fit
Sell Bybit live order book, just now	0.22 bp	6.2 bp −$6	9.2 bp −$92	61.6 bp −$6,163	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 NVDAUSDTshort	0.0000%	8h	227.58	+0.004%	$12.7M	$14.8M	100x
OKX NVDA-USDT-SWAPlong	0.0000%	8h	227.57	long leg	$14.4M	$20.5M	50x
Gate NVDA_USDT	0.0000%	8h	227.53	−0.018%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.62	+0.022%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.26	−0.136%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.031%	$198K	$469K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.66	+0.040%	$2.2M	$43K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.51	−0.026%	$49K	$1.6M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.55	−0.009%	$118K	$54K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0021%	8h	227.63	+0.026%	$20K	$390K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0031%	8h	227.61	+0.018%	$483K	$590K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.55	−0.009%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.71	+0.062%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.46	−0.048%	$147.8M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	−0.004%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.45	−0.053%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.088%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.54	−0.013%	$1.3M	$9.2M	10x	as long as short
Variational Omni NVDA	+0.0062%	8h	227.60	+0.011%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0070%	1h	227.49	−0.034%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0080%	1h	227.57	−0.001%	$2.2M	$3.3M	20x	as long as short
Hotstuff NVDA-PERP	+0.0096%	1h	227.45	−0.053%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.48	−0.041%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.47	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.56	−0.004%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.018%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.58	+0.006%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0116%	8h	227.60	+0.013%	$156.2M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.63	+0.026%	$1.6M	$723K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.52	−0.022%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.73	+0.070%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.149%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0236%	8h	227.63	+0.026%	$721K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	227.45	−0.053%	$675K	$748K	10x	as long as short
edgeX NVDAUSDC	+0.0852%	4h	227.56	−0.004%	$170K	$1.9M	20x	as long as short