Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Orderly against SoDEX+0.031%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.031% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NVDA-USD	226.68	0.0050	pay 0.0006% / 1h	14m 05s	$59K	$17K	10x
Short	Orderly PERP_NVDA_USDC	226.75	0.0100	get 0.0100% / 8h	6h 14m	$36K	$19K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against SoDEX. 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 SoDEXbpFee OrderlybpOrdersPrice spread, now +0.031%Rate

Funding earned: $10.5
Price spread: +0.031% → 0.000%: $3.09
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$0.41
Costs to cover: 0.140%
Break-even: 7.3 days

Slippage unknown: SoDEX: no order-book sample; Orderly: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

SoDEX and Orderly: 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 exchanges

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	226.78	+0.044%	$12.7M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.80	+0.053%	$14.3M	$20.3M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	226.62	−0.026%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.70	+0.009%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.80	+0.053%	$15.6M	$15.9M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.34	−0.150%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.67	−0.004%	$37K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.64	−0.018%	$198K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.77	+0.040%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	226.49	−0.082%	$117K	$51K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0027%	8h	226.67	−0.004%	$21K	$430K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.51	−0.074%	$616K	$930K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.93	+0.110%	—	$74K	25x	as long as short
QFEX NVDA-USD	+0.0047%	1h	226.79	+0.049%	$1.3M	$9.0M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.68	0.000%	$147.9M	$45.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.72	+0.018%	$392K	$240K	10x	as long as short
SoDEX NVDA-USDlong	+0.0050%	1h	226.68	long leg	$59K	$17K	10x
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.51	−0.075%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0066%	8h	226.65	−0.015%	$483K	$565K	20x	as long as short
Lighter NVDA	+0.0072%	1h	226.75	+0.031%	$2.1M	$3.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.64	−0.019%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.52	−0.071%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	226.75	+0.031%	$36K	$19K	20x
Phoenix NVDA	+0.0106%	1h	226.62	−0.026%	$93K	$83K	20x	as long as short
Nado NVDA-PERP	+0.0107%	1h	226.69	+0.006%	$479K	$209K	20x	as long as short
Variational Omni NVDA	+0.0111%	8h	226.69	+0.003%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.78	+0.045%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.45	−0.101%	$1.3M	$665K	10x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	226.71	+0.013%	$1.6M	$1.2M	20x	as long as short
Binance NVDAUSDT	+0.0163%	8h	226.81	+0.059%	$155.5M	$223.2M	50x	as long as short
Lighter RH NVDA	+0.0168%	1h	226.92	+0.106%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.08	+0.176%	$73K	$138	30x	as long as short
Arcus NVDA-USD	+0.0225%	1h	226.72	+0.018%	$383K	$703K	20x	as long as short
BloFin NVDA-USDT	+0.0283%	8h	226.82	+0.062%	$726K	$201K	20x	as long as short
edgeX NVDAUSDC	+0.0871%	4h	226.62	−0.026%	$170K	$1.9M	20x	as long as short