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 −0.017%

Price spread now: SunX against OKX−0.149%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$750.751% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.149%, 7d avg −0.121%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.029% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	227.68	0	get 0.0000% / 8h	7h 23m	$14.4M	$20.7M	50x
Short	SunX NVDA-USDT	227.34	0	get 0.0000% / 8h	7h 23m	$2K	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.149%Rate

Funding earned: $0
Price spread: −0.149% → −0.121%: −$2.87
Slippage, 4 orders: −$57.11
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$77.99
Costs to cover: 0.751%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; SunX: live order book, 4 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, 5 min ago	0.22 bp	5.3 bp −$5	6.7 bp −$67	21.4 bp −$2,139	doesn't fit
Sell SunX live order book, 4 min ago	21.95 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
Aster NVDAUSDT	0.0000%	8h	227.60	−0.033%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.73	+0.022%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	227.68	long leg	$14.4M	$20.7M	50x
Gate NVDA_USDT	0.0000%	8h	227.64	−0.018%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.86	+0.078%	$3.5M	$1.9M	—	as long as short
SunX NVDA-USDTshort	0.0000%	8h	227.34	−0.149%	$2K	$3.8M	20x
HTX NVDA-USDT	0.0000%	8h	227.87	+0.083%	$198K	$511K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.85	+0.075%	$2.2M	$42K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.66	−0.009%	$49K	$1.4M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.79	+0.047%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.52	−0.070%	$524K	$474K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.68	0.000%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.69	+0.004%	$1.6M	$11.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.85	+0.075%	—	$74K	25x	as long as short
Bitget NVDAUSDT	+0.0047%	8h	227.75	+0.031%	$15.5M	$16.9M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.61	−0.031%	$147.8M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.68	0.000%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.60	−0.035%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.63	−0.022%	$1.6M	$2.1M	15x	as long as short
Binance NVDAUSDT	+0.0057%	8h	227.76	+0.037%	$156.4M	$217.6M	50x	as long as short
GRVT NVDA_USDT_Perp	+0.0080%	8h	227.91	+0.101%	$20K	$389K	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.097%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0081%	1h	227.62	−0.027%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.71	+0.014%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.60	−0.034%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.73	+0.022%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.69	+0.004%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.81	+0.057%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.80	+0.053%	$1.6M	$740K	20x	as long as short
Lighter NVDA	+0.0144%	1h	227.68	+0.002%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.85	+0.075%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0176%	8h	227.86	+0.079%	$718K	$206K	20x	as long as short
Hotstuff NVDA-PERP	+0.0192%	1h	227.59	−0.040%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.237%	$73K	$138	30x	as long as short
edgeX NVDAUSDC	+0.0591%	4h	227.89	+0.093%	$170K	$1.9M	20x	as long as short