Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against Pacifica+0.088%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$890.892% of the position

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.088%, 7d avg +0.076%

Together, before fees−0.248%+ Points / potential airdropPacifica: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.076%, 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	227.64	0.0100	pay 0.0013% / 1h	49m 09s	$299K	$60K	10x
Short	Phemex NVDAUSDT	227.84	0	get 0.0000% / 4h	3h 49m	$2.2M	$42K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$21
Price spread: +0.088% → +0.076%: $1.21
Slippage, 4 orders: −$69.17
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$108.95
Costs to cover: 0.892%
Break-even: never at this rate

Slippage from Pacifica: live order book, 24 min ago; Phemex: 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 Pacifica live order book, 24 min ago	1.76 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	1.10 bp	34.0 bp −$34	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
Aster NVDAUSDT	0.0000%	8h	227.60	−0.019%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.75	+0.048%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.71	+0.031%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.67	+0.013%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.71	+0.031%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.66	+0.009%	$20K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.39	−0.110%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.070%	$197K	$515K	30x	as long as short
Phemex NVDAUSDTshort	0.0000%	4h	227.84	+0.088%	$2.2M	$42K	10x
Aftermath Perps NVDAUSD	+0.0015%	1h	227.61	−0.015%	$118K	$56K	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	227.55	−0.040%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0037%	8h	227.77	+0.057%	$156.5M	$218.6M	50x	as long as short
Bitget NVDAUSDT	+0.0038%	8h	227.81	+0.075%	$15.5M	$17.1M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	−0.031%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.74	+0.044%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	+0.088%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.60	−0.018%	$148.0M	$46.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.71	+0.031%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.62	−0.009%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.46	−0.079%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0057%	1h	227.66	+0.008%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.079%	$1.3M	$823K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.70	+0.026%	—	—	10x	as long as short
Hotstuff NVDA-PERP	+0.0096%	1h	227.64	0.000%	$35K	—	20x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.64	long leg	$299K	$60K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.59	−0.022%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.72	+0.035%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.65	+0.004%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	227.88	+0.105%	$5.1M	$7.1M	20x	as long as short
KuCoin NVDAUSDTM	+0.0119%	8h	227.73	+0.040%	$1.6M	$743K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.76	+0.054%	$2.2M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0148%	8h	227.84	+0.088%	$715K	$207K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.110%	$73K	$135	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0321%	1h	227.72	+0.035%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0364%	4h	227.63	−0.004%	$170K	$1.9M	20x	as long as short