Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.008%

Price spread now: BloFin against Pacifica+0.072%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

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

costs, in and out, $10k−$250.255% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 3 days (all we have)−0.278%−$28 · spread now +0.072%, 7d avg +0.057%

Together, before fees−0.137%+ Points / potential airdropPacifica: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	227.06	0.0100	pay 0.0013% / 1h	32m 18s	$298K	$60K	10x
Short	BloFin NVDA-USDT	227.22	0.0198	get 0.0198% / 8h	3h 32m	$720K	$203K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Pacifica. 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 PacificabpFee BloFinbpOrdersPrice spread, now +0.072%Rate

Funding earned: $20.67
Price spread: +0.072% → +0.057%: $1.49
Slippage, 4 orders: −$5.47
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$3.31
Costs to cover: 0.255%
Break-even: 8.1 days

Slippage from Pacifica: live order book, 16 min ago; BloFin: live order book, 14 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 Pacifica live order book, 16 min ago	2.20 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 14 min ago	0.22 bp	6.2 bp −$6	8.4 bp −$84	13.4 bp −$1,338	35.7 bp −$17.9K

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	227.19	+0.059%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.19	+0.059%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.14	+0.037%	$7.2M	$9.1M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.10	+0.018%	$20K	$488K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.75	−0.135%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.16	+0.045%	$49K	$1.4M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.14	+0.037%	$197K	$506K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.22	+0.072%	$2.2M	$41K	10x	as long as short
Variational Omni NVDA	+0.0008%	8h	227.18	+0.054%	$3.3M	$2.1M	—	as long as short
Aster NVDAUSDT	+0.0019%	8h	227.20	+0.063%	$480K	$543K	20x	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	+0.0023%	1h	227.11	+0.024%	$118K	$54K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.05	−0.003%	$526K	$350K	10x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.22	+0.072%	$1.6M	$11.3M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.27	+0.094%	—	$73K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.06	+0.001%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.08	+0.010%	$147.4M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.12	+0.028%	$398K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.07	+0.006%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.94	−0.051%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0078%	8h	227.20	+0.062%	$156.1M	$216.2M	50x	as long as short
Nado NVDA-PERP	+0.0094%	1h	227.09	+0.013%	$478K	$216K	20x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.35	+0.129%	$4.8M	$6.8M	20x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.06	long leg	$298K	$60K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	227.21	+0.067%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.03	−0.012%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.17	+0.050%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.22	+0.072%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.13	+0.032%	$1.3M	$914K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.09	+0.015%	$93K	$112K	20x	as long as short
Bitget NVDAUSDT	+0.0152%	8h	227.23	+0.076%	$15.7M	$18.1M	100x	as long as short
Lighter NVDA	+0.0176%	1h	227.24	+0.080%	$2.1M	$3.3M	20x	as long as short
BloFin NVDA-USDTshort	+0.0198%	8h	227.22	+0.072%	$720K	$203K	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.54	+0.213%	$73K	$129	30x	as long as short
Arcus NVDA-USD	+0.0487%	1h	227.16	+0.045%	$408K	$662K	20x	as long as short
edgeX NVDAUSDC	+0.0657%	4h	227.10	+0.019%	$170K	$1.9M	20x	as long as short