Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h —

Price spread now: Aevo against Phoenix+0.003%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NVDA	227.84	0.0106	pay 0.0013% / 1h	2m 51s	$94K	$112K	20x
Short	Aevo NVDA-PERP	227.85	0.0104	get 0.0013% / 1h	2m 51s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now +0.003%Rate

Funding earned: −$0.33
Price spread: +0.003% → 0.000%: $0.29
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$23.04
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 62 min ago; Aevo: no order-book sample. 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 Phoenix live order book, 62 min ago	3.08 bp	9.4 bp −$9	20.8 bp −$208	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	227.86	+0.009%	$12.7M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.81	−0.013%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.81	−0.013%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.48	−0.158%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.90	+0.026%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.96	+0.053%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0001%	8h	227.75	−0.038%	$484K	$582K	20x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.76	−0.035%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.83	−0.005%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	227.92	+0.036%	$3.5M	$1.9M	—	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	227.74	−0.046%	$525K	$470K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.75	−0.040%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.90	+0.026%	$1.5M	$10.9M	10x	as long as short
Bitget NVDAUSDT	+0.0043%	8h	227.89	+0.022%	$15.4M	$16.9M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.99	+0.066%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.72	−0.053%	$148.1M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.85	+0.004%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.72	−0.053%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.73	−0.048%	$1.5M	$2.1M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.167%	$1.3M	$800K	10x	as long as short
Binance NVDAUSDT	+0.0085%	8h	227.88	+0.018%	$156.5M	$217.1M	50x	as long as short
Nado NVDA-PERP	+0.0087%	1h	227.77	−0.031%	$484K	$229K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.74	−0.042%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.72	−0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	+0.009%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0101%	1h	227.81	−0.013%	$49K	$1.5M	10x	as long as short
Aevo NVDA-PERPshort	+0.0104%	1h	227.85	+0.003%	—	—	10x
Phoenix NVDAlong	+0.0106%	1h	227.84	long leg	$94K	$112K	20x
KuCoin NVDAUSDTM	+0.0145%	8h	227.93	+0.040%	$1.6M	$735K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.89	+0.020%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.02	+0.079%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0190%	8h	227.92	+0.033%	$21K	$391K	10x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	227.93	+0.040%	$719K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.158%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0504%	4h	227.92	+0.033%	$170K	$1.9M	20x	as long as short