Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against Polymarket Perps−0.106%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$780.780% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)+0.015%+$1 · spread now −0.106%, 7d avg −0.085%

Together, before fees−0.095%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.021% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.085%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NVDA-USD	226.84	0.0050	pay 0.0006% / 1h	45m 03s	$399K	$277K	10x
Short	SunX NVDA-USDT	226.60	0	get 0.0000% / 8h	2h 45m	$2K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 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 Polymarket PerpsbpFee SunXbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$10.5
Price spread: −0.106% → −0.085%: −$2.13
Slippage, 4 orders: −$61.95
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$90.58
Costs to cover: 0.780%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; SunX: 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 Polymarket Perps live order book, 2 min ago	2.42 bp	7.3 bp −$7	7.6 bp −$76	8.7 bp −$873	doesn't fit
Sell SunX live order book, 3 min ago	22.05 bp	26.0 bp −$26	55.6 bp −$556	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	226.86	+0.008%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.85	+0.004%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.86	+0.009%	$14.3M	$20.3M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	226.74	−0.044%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.83	−0.004%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.89	+0.022%	$15.3M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.91	+0.029%	$21K	$410K	10x	as long as short
SunX NVDA-USDTshort	0.0000%	8h	226.60	−0.106%	$2K	$3.7M	20x
HTX NVDA-USDT	0.0000%	8h	227.01	+0.075%	$198K	$462K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.99	+0.066%	$2.2M	$43K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0006%	8h	226.86	+0.007%	$3.6M	$2.1M	—	as long as short
Aftermath Perps NVDAUSD	+0.0006%	1h	226.73	−0.048%	$118K	$52K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0015%	1h	226.82	−0.009%	$52K	$1.7M	10x	as long as short
Lighter NVDA	+0.0032%	1h	226.85	+0.003%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.84	0.000%	$398K	$728K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.88	+0.018%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.98	+0.062%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.74	−0.044%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USDlong	+0.0050%	1h	226.84	long leg	$399K	$277K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.75	−0.040%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.73	−0.048%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0054%	1h	226.77	−0.032%	$482K	$226K	20x	as long as short
Binance NVDAUSDT	+0.0079%	8h	226.89	+0.022%	$155.3M	$217.2M	50x	as long as short
Lighter RH NVDA	+0.0088%	1h	226.99	+0.066%	$5.1M	$7.1M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.75	−0.041%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.90	+0.026%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.77	−0.031%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.85	+0.004%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.87	+0.015%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.79	−0.022%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.63	−0.093%	$1.3M	$781K	10x	as long as short
BloFin NVDA-USDT	+0.0199%	8h	226.91	+0.031%	$716K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.123%	$73K	$136	30x	as long as short
Extended NVDA_24_5-USD	+0.0264%	1h	226.74	−0.044%	$668K	$767K	10x	as long as short
edgeX NVDAUSDC	+0.0508%	4h	226.91	+0.029%	$170K	$1.9M	20x	as long as short