Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.003%

Price spread now: Arcus against Orderly+0.040%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Arcus is 0.040% dearer against Orderly than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NVDA_USDC	227.54	0.0100	pay 0.0100% / 8h	5h 27m	$36K	$22K	20x
Short	Arcus NVDA-USD	227.63	0.0040	get 0.0005% / 1h	27m 01s	$406K	$745K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Orderly. 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 OrderlybpFee ArcusbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$12.54
Price spread: +0.040% → 0.000%: $3.96
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$19.09
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Arcus: live order book, 37 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Arcus live order book, 37 min ago	1.10 bp	3.3 bp −$3	10.8 bp −$108	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	227.56	+0.009%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.54	0.000%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.51	−0.013%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.62	+0.035%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.63	+0.038%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.05	−0.215%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.097%	$198K	$478K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	+0.044%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0012%	8h	227.58	+0.018%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.52	−0.010%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0036%	8h	227.62	+0.034%	$3.5M	$2.1M	—	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	227.40	−0.062%	$35K	—	20x	as long as short
Arcus NVDA-USDshort	+0.0040%	1h	227.63	+0.040%	$406K	$745K	20x
QFEX NVDA-USD	+0.0044%	1h	227.56	+0.009%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.64	+0.044%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.40	−0.062%	$147.9M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.52	−0.009%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.40	−0.062%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.43	−0.048%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.004%	$1.3M	$777K	10x	as long as short
Binance NVDAUSDT	+0.0097%	8h	227.60	+0.026%	$156.2M	$215.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	−0.063%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.50	−0.018%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDClong	+0.0100%	8h	227.54	long leg	$36K	$22K	20x
Aevo NVDA-PERP	+0.0104%	1h	227.56	+0.010%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.50	−0.018%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0125%	1h	227.40	−0.060%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0135%	8h	227.61	+0.031%	$1.6M	$725K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.54	0.000%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.67	+0.057%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0217%	8h	227.62	+0.035%	$723K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.198%	$73K	$137	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0322%	1h	227.49	−0.022%	$49K	$1.6M	10x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	227.36	−0.079%	$689K	$722K	10x	as long as short
edgeX NVDAUSDC	+0.0749%	4h	227.62	+0.035%	$170K	$1.9M	20x	as long as short