Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.027%

Price spread now: Gate against Arcus−0.013%7-day average +0.073% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.160%−$16 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.013%, 7d avg +0.073%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.086% cheaper against Arcus than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	227.73	0.0040	pay 0.0005% / 1h	55m 53s	$406K	$712K	20x
Short	Gate NVDA_USDT	227.70	0	get 0.0000% / 8h	5h 55m	$7.2M	$9.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.013%Rate

Funding earned: −$8.46
Price spread: −0.013% → +0.073%: −$8.61
Slippage, 4 orders: −$18.7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.26
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from Arcus: live order book, 8 min ago; Gate: live order book, 3 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, 8 min ago	1.10 bp	10.0 bp −$10	12.5 bp −$125	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.44 bp	13.4 bp −$13	23.0 bp −$230	doesn't fit	doesn't fit

NVDA on 34 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
Aster NVDAUSDT	0.0000%	8h	227.75	+0.010%	$484K	$590K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.75	+0.009%	$12.7M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.76	+0.013%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDTshort	0.0000%	8h	227.70	−0.013%	$7.2M	$9.5M	100x
Bitget NVDAUSDT	0.0000%	8h	227.81	+0.035%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.71	−0.009%	$20K	$387K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.29	−0.193%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.84	+0.048%	$198K	$481K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.78	+0.022%	$2.2M	$43K	10x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.59	−0.061%	$35K	—	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0014%	1h	227.54	−0.085%	$118K	$54K	10x	as long as short
Variational Omni NVDA	+0.0024%	8h	227.76	+0.012%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USDlong	+0.0040%	1h	227.73	long leg	$406K	$712K	20x
QFEX NVDA-USD	+0.0044%	1h	227.74	+0.004%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.82	+0.040%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.60	−0.057%	$148.1M	$44.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.70	−0.013%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.61	−0.053%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.59	−0.061%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.119%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0085%	8h	227.79	+0.025%	$156.3M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.60	−0.057%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.55	−0.079%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.73	0.000%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.69	−0.017%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.64	−0.040%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.78	+0.022%	$1.6M	$727K	20x	as long as short
Nado NVDA-PERP	+0.0151%	1h	227.58	−0.064%	$484K	$229K	20x	as long as short
Extended NVDA_24_5-USD	+0.0192%	1h	227.53	−0.086%	$689K	$714K	10x	as long as short
Lighter NVDA	+0.0200%	1h	227.73	0.000%	$2.2M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.079%	$73K	$134	30x	as long as short
Lighter RH NVDA	+0.0224%	1h	227.87	+0.061%	$5.1M	$7.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0365%	1h	227.69	−0.018%	$49K	$1.6M	10x	as long as short
edgeX NVDAUSDC	+0.0882%	4h	227.69	−0.018%	$170K	$1.9M	20x	as long as short