Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.013%

Price spread now: Pacifica against OKX−0.078%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.078%, 7d avg −0.056%

Together, before fees+0.031%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.022% cheaper against OKX than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.056%). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.027% in total) that is about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	226.59	0	get 0.0000% / 8h	1h 20m	$14.2M	$20.5M	50x
Short	Pacifica NVDA	226.41	0.0100	get 0.0013% / 1h	20m 40s	$297K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.078%Rate

Funding earned: $21
Price spread: −0.078% → −0.056%: −$2.23
Slippage, 4 orders: −$7.89
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$7.12
Costs to cover: 0.259%
Break-even: 9.4 days

Slippage from OKX: live order book, 3 min ago; Pacifica: live order book, 23 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 OKX live order book, 3 min ago	0.22 bp	6.3 bp −$6	8.1 bp −$81	17.1 bp −$1,705	doesn't fit
Sell Pacifica live order book, 23 min ago	0.66 bp	9.6 bp −$10	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
Hotstuff NVDA-PERP	−0.0016%	1h	226.48	−0.049%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	226.49	−0.046%	$482K	$530K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.63	+0.018%	$12.4M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	226.59	long leg	$14.2M	$20.5M	50x
Gate NVDA_USDT	0.0000%	8h	226.57	−0.009%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.65	+0.026%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.54	−0.021%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.25	−0.150%	$3K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.60	+0.004%	$198K	$451K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.70	+0.049%	$2.2M	$42K	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	+0.0013%	1h	226.31	−0.124%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0017%	8h	226.62	+0.011%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.51	−0.035%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.69	+0.044%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.48	−0.049%	$147.1M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.56	−0.013%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.49	−0.044%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.41	−0.079%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.58	−0.004%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0085%	8h	226.64	+0.022%	$154.5M	$218.2M	50x	as long as short
Lighter NVDA	+0.0088%	1h	226.57	−0.008%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDAshort	+0.0100%	1h	226.41	−0.078%	$297K	$46K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	226.52	−0.031%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.38	−0.093%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.59	0.000%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.62	+0.011%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.32	−0.119%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.132%	$1.3M	$724K	10x	as long as short
Nado NVDA-PERP	+0.0120%	1h	226.45	−0.060%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.70	+0.049%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0204%	8h	226.66	+0.031%	$712K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.035%	$73K	$138	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0236%	1h	226.56	−0.013%	$52K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0384%	1h	226.39	−0.088%	$623K	$833K	10x	as long as short
edgeX NVDAUSDC	+0.0909%	4h	226.50	−0.040%	$170K	$1.9M	20x	as long as short