Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0243%/8h= +26.6% APRpaid last 24h +0.085%

Price spread now: edgeX against Pacifica+0.064%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs+$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.765%+$76 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.064%, 7d avg +0.045%

Together, before fees+0.696%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$70 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$7 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	226.47	0.0100	pay 0.0013% / 1h	10m 50s	$297K	$46K	10x
Short	edgeX NVDAUSDC	226.62	0.0343	get 0.0172% / 4h	1h 10m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $51.08
Price spread: +0.064% → +0.045%: $1.95
Slippage, 4 orders: −$13.7
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $22.33
Costs to cover: 0.307%
Break-even: 3.9 days

Slippage from Pacifica: live order book, 32 min ago; edgeX: live order book, 3 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, 32 min ago	0.66 bp	4.7 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	3.31 bp	8.2 bp −$8	13.1 bp −$131	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	−0.0024%	1h	226.53	+0.026%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.66	+0.084%	$12.4M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.68	+0.093%	$14.2M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.64	+0.075%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.71	+0.106%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.68	+0.093%	$21K	$420K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.24	−0.102%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.80	+0.146%	$198K	$450K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.73	+0.115%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0004%	8h	226.48	+0.004%	$482K	$530K	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	+0.0013%	1h	226.56	+0.041%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0025%	8h	226.66	+0.085%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.60	+0.057%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.71	+0.106%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.53	+0.026%	$147.2M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.58	+0.049%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.53	+0.026%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.38	−0.040%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.61	+0.062%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0089%	8h	226.70	+0.103%	$154.5M	$218.5M	50x	as long as short
Lighter NVDA	+0.0096%	1h	226.60	+0.057%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDAlong	+0.0100%	1h	226.47	long leg	$297K	$46K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	226.68	+0.093%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.48	+0.004%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.63	+0.071%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.66	+0.084%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.59	+0.053%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.079%	$1.3M	$723K	10x	as long as short
Nado NVDA-PERP	+0.0126%	1h	226.49	+0.011%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	226.72	+0.110%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0209%	8h	226.69	+0.097%	$710K	$195K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.181%	$73K	$139	30x	as long as short
edgeX NVDAUSDCshort	+0.0343%	4h	226.62	+0.064%	$170K	$1.9M	20x
Extended NVDA_24_5-USD	+0.0392%	1h	226.41	−0.026%	$646K	$858K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0545%	1h	226.59	+0.053%	$53K	$1.8M	10x	as long as short