Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.024%

Price spread now: Extended against SunX+0.134%7-day average +0.069% · you sell dearer than you buy

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 3 days (all we have)+0.089%+$9 · spread now +0.134%, 7d avg +0.069%

Together, before fees+0.194%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.065% dearer against SunX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	226.75	0	get 0.0000% / 8h	3h 31m	$2K	$4.0M	20x
Short	Extended NVDA_24_5-USD	227.05	0.0032	get 0.0004% / 1h	31m 22s	$526K	$350K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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 SunXbpFee ExtendedbpOrdersPrice spread, now +0.134%Rate

Funding earned: $6.72
Price spread: +0.134% → +0.069%: $6.54
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $0.26
Costs to cover: 0.130%
Break-even: 6.7 days

Slippage unknown: SunX: live order book, 7 min ago; Extended: live order book, 17 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 SunX live order book, 7 min ago	267.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 17 min ago	0.22 bp	5.7 bp −$6	19.4 bp −$194	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	+0.203%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.21	+0.203%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.14	+0.172%	$7.2M	$9.1M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.17	+0.186%	$20K	$488K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	226.75	long leg	$2K	$4.0M	20x
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.16	+0.181%	$49K	$1.4M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.14	+0.172%	$197K	$506K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.22	+0.207%	$2.2M	$41K	10x	as long as short
Variational Omni NVDA	+0.0008%	8h	227.18	+0.189%	$3.3M	$2.1M	—	as long as short
Aster NVDAUSDT	+0.0019%	8h	227.20	+0.198%	$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	+0.158%	$118K	$54K	10x	as long as short
Extended NVDA_24_5-USDshort	+0.0032%	1h	227.05	+0.134%	$526K	$350K	10x
QFEX NVDA-USD	+0.0042%	1h	227.24	+0.216%	$1.6M	$11.3M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.31	+0.247%	—	$73K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.08	+0.146%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.08	+0.146%	$147.5M	$49.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.15	+0.176%	$398K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.07	+0.141%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.94	+0.084%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0078%	8h	227.21	+0.202%	$156.1M	$216.3M	50x	as long as short
Nado NVDA-PERP	+0.0093%	1h	227.12	+0.161%	$478K	$216K	20x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.38	+0.278%	$4.8M	$6.8M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.10	+0.152%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.22	+0.207%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.06	+0.137%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.19	+0.194%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.22	+0.208%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.13	+0.168%	$1.3M	$914K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.08	+0.146%	$93K	$112K	20x	as long as short
Bitget NVDAUSDT	+0.0151%	8h	227.25	+0.221%	$15.7M	$18.1M	100x	as long as short
Lighter NVDA	+0.0176%	1h	227.27	+0.231%	$2.1M	$3.3M	20x	as long as short
BloFin NVDA-USDT	+0.0198%	8h	227.22	+0.207%	$720K	$203K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.54	+0.348%	$73K	$129	30x	as long as short
Arcus NVDA-USD	+0.0487%	1h	227.20	+0.198%	$408K	$662K	20x	as long as short
edgeX NVDAUSDC	+0.0862%	4h	227.16	+0.183%	$170K	$1.9M	20x	as long as short