Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Phemex against Vest+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 Vest Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.031% dearer against Vest than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NVDA-USD-PERP	227.35	0.0046	pay 0.0006% / 1h	39m 35s	—	$74K	25x
Short	Phemex NVDAUSDT	227.42	0	get 0.0000% / 4h	3h 39m	$2.2M	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Vest. 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 VestbpFee PhemexbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$9.59
Price spread: +0.031% → 0.000%: $3.08
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$20.51
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Phemex: live order book, 4 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 Vest no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	1.10 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit

Vest: 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	227.21	−0.062%	$12.6M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.20	−0.066%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.16	−0.084%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.24	−0.048%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.30	−0.020%	$20K	$393K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.88	−0.207%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.52	+0.075%	$198K	$464K	30x	as long as short
Phemex NVDAUSDTshort	0.0000%	4h	227.42	+0.031%	$2.2M	$43K	10x
Aftermath Perps NVDAUSD	+0.0012%	1h	227.21	−0.061%	$118K	$53K	10x	as long as short
Aster NVDAUSDT	+0.0018%	8h	227.19	−0.069%	$482K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0024%	1h	227.07	−0.123%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.23	−0.053%	$399K	$741K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.20	−0.066%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERPlong	+0.0046%	1h	227.35	long leg	—	$74K	25x
Variational Omni NVDA	+0.0047%	8h	227.28	−0.033%	$3.6M	$2.2M	—	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.05	−0.132%	$147.6M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.22	−0.057%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.11	−0.106%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.00	−0.154%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0064%	1h	227.17	−0.080%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0065%	1h	227.13	−0.095%	$483K	$227K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.09	−0.116%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.25	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.20	−0.066%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.23	−0.054%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0104%	8h	227.23	−0.053%	$155.9M	$216.0M	50x	as long as short
KuCoin NVDAUSDTM	+0.0106%	8h	227.24	−0.048%	$1.6M	$727K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.11	−0.106%	$1.3M	$773K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.27	−0.035%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.32	−0.013%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.83	+0.211%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0224%	8h	227.31	−0.018%	$719K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0232%	1h	227.03	−0.139%	$673K	$779K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0234%	1h	227.18	−0.075%	$49K	$1.7M	10x	as long as short
edgeX NVDAUSDC	+0.0358%	4h	227.30	−0.021%	$170K	$1.9M	20x	as long as short