Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: SunX against Pacifica−0.152%7-day average −0.065% · you buy dearer than you sell

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

Long on Pacifica Short on SunX

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)−0.067%−$7 · spread now −0.152%, 7d avg −0.065%

Together, before fees−0.247%+ Points / potential airdropPacifica: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.087% cheaper against Pacifica than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.065%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	227.10	0.0100	pay 0.0013% / 1h	31m 18s	$298K	$60K	10x
Short	SunX NVDA-USDT	226.75	0	get 0.0000% / 8h	3h 31m	$2K	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$21
Price spread: −0.152% → −0.065%: −$8.74
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$45.74
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 17 min ago; SunX: live order book, 7 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 Pacifica live order book, 17 min ago	2.20 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	267.22 bp	doesn't fit	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
Bybit NVDAUSDT	0.0000%	8h	227.21	+0.051%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.21	+0.051%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.14	+0.020%	$7.2M	$9.1M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.17	+0.033%	$20K	$488K	10x	as long as short
SunX NVDA-USDTshort	0.0000%	8h	226.75	−0.152%	$2K	$4.0M	20x
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.16	+0.029%	$49K	$1.4M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.14	+0.020%	$197K	$506K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.22	+0.055%	$2.2M	$41K	10x	as long as short
Variational Omni NVDA	+0.0008%	8h	227.18	+0.037%	$3.3M	$2.1M	—	as long as short
Aster NVDAUSDT	+0.0019%	8h	227.20	+0.046%	$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	+0.005%	$118K	$54K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.05	−0.018%	$526K	$350K	10x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.24	+0.064%	$1.6M	$11.3M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.31	+0.095%	—	$73K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.08	−0.007%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.08	−0.007%	$147.5M	$49.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.15	+0.024%	$398K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.07	−0.011%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.94	−0.068%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0078%	8h	227.21	+0.050%	$156.1M	$216.3M	50x	as long as short
Nado NVDA-PERP	+0.0093%	1h	227.12	+0.009%	$478K	$216K	20x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.38	+0.125%	$4.8M	$6.8M	20x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.10	long leg	$298K	$60K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	227.22	+0.055%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.06	−0.015%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.19	+0.042%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.22	+0.056%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.13	+0.015%	$1.3M	$914K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.08	−0.007%	$93K	$112K	20x	as long as short
Bitget NVDAUSDT	+0.0151%	8h	227.25	+0.068%	$15.7M	$18.1M	100x	as long as short
Lighter NVDA	+0.0176%	1h	227.27	+0.078%	$2.1M	$3.3M	20x	as long as short
BloFin NVDA-USDT	+0.0198%	8h	227.22	+0.055%	$720K	$203K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.54	+0.196%	$73K	$129	30x	as long as short
Arcus NVDA-USD	+0.0487%	1h	227.20	+0.046%	$408K	$662K	20x	as long as short
edgeX NVDAUSDC	+0.0862%	4h	227.16	+0.031%	$170K	$1.9M	20x	as long as short