Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%
Price spread now: Bybit against Polymarket Perps+0.004%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 7 days+0.045%+$5 · spread now +0.004%, 7d avg +0.066%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.061% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.066%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NVDA-USD | 227.78 | 0.0050 | pay 0.0006% / 1h | 19m 12s | $402K | $277K | 10x |
| Short | Bybit NVDAUSDT | 227.79 | 0 | get 0.0000% / 8h | 6h 19m | $12.7M | $15.1M | 100x |
Polymarket Perps NVDA-USD
Bybit NVDAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: +0.004% → +0.066%
- −$6.12
- Slippage, 4 orders
- −$6.7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$42.31
- Costs to cover
- 0.257%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 48 min ago; Bybit: 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 Polymarket Perps live order book, 48 min ago | 2.19 bp | 6.6 bp −$7 | 7.7 bp −$77 | 8.8 bp −$880 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.22 bp | 6.2 bp −$6 | 9.3 bp −$93 | 61.6 bp −$6,161 | doesn't fit |
NVDA on 34 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 NVDAUSDTshort | 0.0000% | 8h | 227.79 | +0.004% | $12.7M | $15.1M | 100x | |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.79 | +0.004% | $14.4M | $20.3M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.74 | −0.018% | $7.2M | $9.6M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.83 | +0.022% | $15.4M | $16.3M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.26 | −0.228% | $2K | $3.8M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | 0.0000% | 1h | 227.72 | −0.026% | $49K | $1.5M | 10x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.96 | +0.079% | $198K | $495K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.91 | +0.057% | $2.2M | $43K | 10x | as long as short |
| Aster NVDAUSDT | +0.0001% | 8h | 227.78 | +0.001% | $484K | $581K | 20x | as long as short |
| Aftermath Perps NVDAUSD | +0.0012% | 1h | 227.75 | −0.014% | $118K | $54K | 10x | as long as short |
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
Deribit NVDA_USDC-PERPETUAL
HTX NVDA-USDT
Phemex NVDAUSDT
Aster NVDAUSDT
Aftermath Perps NVDAUSDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NVDA | +0.0022% | 8h | 227.79 | +0.006% | $3.5M | $2.0M | — | as long as short |
| GRVT NVDA_USDT_Perp | +0.0029% | 8h | 227.90 | +0.054% | $20K | $387K | 10x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.68 | −0.044% | $400K | $723K | 20x | as long as short |
| QFEX NVDA-USD | +0.0045% | 1h | 227.82 | +0.018% | $1.4M | $10.0M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.96 | +0.079% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.66 | −0.053% | $148.1M | $44.6M | 20x | as long as short |
| Polymarket Perps NVDA-USDlong | +0.0050% | 1h | 227.78 | long leg | $402K | $277K | 10x | |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.65 | −0.057% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.73 | −0.022% | $1.6M | $2.0M | 15x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0072% | 1h | 227.46 | −0.140% | $1.3M | $786K | 10x | as long as short |
| Nado NVDA-PERP | +0.0082% | 1h | 227.73 | −0.024% | $484K | $229K | 20x | as long as short |
| Binance NVDAUSDT | +0.0085% | 8h | 227.80 | +0.008% | $156.3M | $215.8M | 50x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.69 | −0.039% | $299K | $60K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.67 | −0.048% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.77 | −0.004% | $36K | $22K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.77 | −0.003% | — | — | 10x | as long as short |
| Phoenix NVDA | +0.0105% | 1h | 227.78 | 0.000% | $94K | $112K | 20x | as long as short |
| Lighter NVDA | +0.0128% | 1h | 227.81 | +0.014% | $2.2M | $3.2M | 20x | as long as short |
| KuCoin NVDAUSDTM | +0.0131% | 8h | 227.89 | +0.048% | $1.6M | $737K | 20x | as long as short |
| Lighter RH NVDA | +0.0144% | 1h | 227.96 | +0.079% | $5.1M | $7.0M | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0168% | 1h | 227.64 | −0.059% | $689K | $714K | 10x | as long as short |
| Hotstuff NVDA-PERP | +0.0176% | 1h | 227.63 | −0.066% | $35K | — | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 228.09 | +0.136% | $73K | $138 | 30x | as long as short |
| edgeX NVDAUSDC | +0.0753% | 4h | 227.84 | +0.028% | $170K | $1.9M | 20x | as long as short |
Variational Omni NVDA
GRVT NVDA_USDT_Perp
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Coinbase International NVDA-PERP-INTX
Nado NVDA-PERP
Binance NVDAUSDT
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Phoenix NVDA
Lighter NVDA
KuCoin NVDAUSDTM
Lighter RH NVDA
Extended NVDA_24_5-USD
Hotstuff NVDA-PERP
Injective NVDA/USDC PERP
edgeX NVDAUSDC