Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h +0.025%

Price spread now: BloFin against Arcus+0.031%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Arcus Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.031%, 7d avg +0.095%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.064% cheaper against Arcus than usual: you would sell low and buy high (spread +0.031% now, against its 7-day average of +0.095%). If the spread goes back, that is −$6 on $10k: about 26 hours of funding at the current rate (+$6 a day).

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.013% in total (about -1.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	227.56	0.0040	pay 0.0005% / 1h	14m 07s	$399K	$741K	20x
Short	BloFin NVDA-USDT	227.63	0.0237	get 0.0237% / 8h	4h 14m	$722K	$201K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Arcus. 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 ArcusbpFee BloFinbpOrdersPrice spread, now +0.031%Rate

Funding earned: $41.37
Price spread: +0.031% → +0.095%: −$6.42
Slippage, 4 orders: −$15.2
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $3.25
Costs to cover: 0.317%
Break-even: 6.4 days

Slippage from Arcus: live order book, 45 min ago; BloFin: live order book, 23 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 Arcus live order book, 45 min ago	1.32 bp	8.2 bp −$8	12.4 bp −$124	doesn't fit	doesn't fit
Sell BloFin live order book, 23 min ago	0.22 bp	6.2 bp −$6	7.4 bp −$74	12.0 bp −$1,205	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	227.56	0.000%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.56	0.000%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.52	−0.018%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.65	+0.040%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.26	−0.132%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.035%	$198K	$469K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.65	+0.040%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.57	+0.005%	$118K	$54K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0025%	8h	227.66	+0.044%	$20K	$390K	10x	as long as short
Aster NVDAUSDT	+0.0032%	8h	227.61	+0.022%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USDlong	+0.0040%	1h	227.56	long leg	$399K	$741K	20x
Vest NVDA-USD-PERP	+0.0046%	1h	227.70	+0.062%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.45	−0.048%	$147.8M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	0.000%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.45	−0.048%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.083%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.53	−0.013%	$1.3M	$9.2M	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.52	−0.018%	$49K	$1.6M	10x	as long as short
Variational Omni NVDA	+0.0062%	8h	227.60	+0.015%	$3.5M	$2.1M	—	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	227.45	−0.048%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0071%	1h	227.48	−0.036%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0080%	1h	227.57	+0.003%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.46	−0.044%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.031%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.55	−0.004%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.013%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.57	+0.003%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0117%	8h	227.60	+0.018%	$156.2M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0131%	8h	227.64	+0.035%	$1.6M	$724K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.50	−0.026%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.73	+0.075%	$5.1M	$7.1M	20x	as long as short
edgeX NVDAUSDC	+0.0161%	4h	227.63	+0.030%	$171K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.154%	$73K	$139	30x	as long as short
BloFin NVDA-USDTshort	+0.0237%	8h	227.63	+0.031%	$722K	$201K	20x
Extended NVDA_24_5-USD	+0.0368%	1h	227.46	−0.044%	$676K	$746K	10x	as long as short