Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0165%/8hnext payment +$0.21 per $10,000 · paid last 24h +0.033%

Price spread now: Phoenix against Vest−0.044%58s7-day average — · you buy dearer than you sell

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

Long on Vest Short on Phoenix

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

Funding pays, the price is against you. Phoenix is 0.044% cheaper against Vest than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 21 hours of funding at the current rate (+$5 a day). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NVDA-USD-PERP	227.75	0.0046	pay 0.0006% / 1h	21m 43s	—	$73K	25x
Short	Phoenix NVDA	227.65	0.0211	get 0.0026% / 1h	21m 43s	$94K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.044%Rate

Funding earned: $34.64
Price spread: −0.044% → 0.000%: −$4.39
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $21.25
Costs to cover: 0.090%
Break-even: 2.7 days

Slippage unknown: Vest: no order-book sample; Phoenix: 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 Phoenix live order book, 4 min ago	2.20 bp	7.5 bp −$8	15.0 bp −$150	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	227.59	−0.070%	$12.8M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.59	−0.070%	$14.4M	$20.4M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.50	−0.110%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.55	−0.088%	$7.2M	$8.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.69	−0.026%	$20K	$486K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.22	−0.233%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.63	−0.053%	$197K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.62	−0.057%	$2.2M	$41K	10x	as long as short
Variational Omni NVDA	+0.0011%	8h	227.59	−0.069%	$3.3M	$2.2M	—	as long as short
Aster NVDAUSDT	+0.0028%	8h	227.62	−0.057%	$511K	$393K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.50	−0.111%	$530K	$341K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.56	−0.083%	$413K	$634K	20x	as long as short
Vest NVDA-USD-PERPlong	+0.0046%	1h	227.75	long leg	—	$73K	25x
QFEX NVDA-USD	+0.0050%	1h	227.56	−0.083%	$1.5M	$10.8M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.56	−0.083%	$147.6M	$47.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.50	−0.110%	$396K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.54	−0.092%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.33	−0.184%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0080%	8h	227.67	−0.035%	$156.7M	$208.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	−0.154%	$298K	$52K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.65	−0.044%	$1.6M	$706K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.58	−0.075%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.58	−0.075%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.61	−0.061%	$49K	$1.4M	10x	as long as short
Lighter RH NVDA	+0.0104%	1h	227.81	+0.026%	$4.8M	$6.8M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.61	−0.060%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0109%	1h	227.50	−0.112%	$478K	$216K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.55	−0.088%	$1.3M	$818K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0159%	1h	227.49	−0.116%	$118K	$53K	10x	as long as short
Lighter NVDA	+0.0184%	1h	227.74	−0.005%	$2.1M	$3.2M	20x	as long as short
Bitget NVDAUSDT	+0.0185%	8h	227.64	−0.048%	$15.8M	$17.6M	100x	as long as short
BloFin NVDA-USDT	+0.0201%	8h	227.59	−0.070%	$728K	$198K	20x	as long as short
Phoenix NVDAshort	+0.0211%	1h	227.65	−0.044%	$94K	$112K	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.070%	$73K	$127	30x	as long as short
edgeX NVDAUSDC	+0.0873%	4h	227.67	−0.035%	$166K	$1.8M	20x	as long as short