Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.006%

Price spread now: Coinbase International against Binance−0.180%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

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

costs, in and out, $10k−$270.265% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.180%, 7d avg −0.062%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.118% cheaper against Binance than usual: you would sell low and buy high (spread −0.180% now, against its 7-day average of −0.062%). If the spread goes back, that is −$12 on $10k: about 8.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.016% in total) that is about 50 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	226.70	0.0080	pay 0.0080% / 8h	2h 02m	$154.5M	$219.0M	50x
Short	Coinbase International NVDA-PERP-INTX	226.29	0.0128	get 0.0016% / 1h	2m 21s	$1.3M	$789K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.180%Rate

Funding earned: $10.11
Price spread: −0.180% → −0.062%: −$11.85
Slippage, 4 orders: −$6.54
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.28
Costs to cover: 0.265%
Break-even: 26.6 days

Slippage from Binance: live order book, 11 min ago; Coinbase International: live order book, 1 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 Binance live order book, 11 min ago	0.22 bp	5.3 bp −$5	6.0 bp −$60	16.0 bp −$1,598	doesn't fit
Sell Coinbase International live order book, 1 min ago	1.99 bp	8.8 bp −$9	11.2 bp −$112	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
Aster NVDAUSDT	0.0000%	8h	226.59	−0.049%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.66	−0.017%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.68	−0.008%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.64	−0.026%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.69	−0.004%	$15.3M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.82	+0.053%	$21K	$417K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.41	−0.127%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.71	+0.005%	$198K	$456K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.77	+0.031%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0009%	8h	226.76	+0.025%	$3.6M	$2.1M	—	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	+0.0010%	1h	226.56	−0.061%	$117K	$52K	10x	as long as short
Hotstuff NVDA-PERP	+0.0032%	1h	226.58	−0.052%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.63	−0.030%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.63	−0.030%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.75	+0.023%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.54	−0.070%	$147.2M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.61	−0.039%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.53	−0.074%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.49	−0.092%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0072%	1h	226.62	−0.036%	$2.1M	$3.4M	20x	as long as short
Binance NVDAUSDTlong	+0.0080%	8h	226.70	long leg	$154.5M	$219.0M	50x
Nado NVDA-PERP	+0.0086%	1h	226.51	−0.082%	$482K	$226K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.48	−0.095%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.70	+0.001%	$1.6M	$744K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.59	−0.048%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.63	−0.030%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.68	−0.009%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.65	−0.021%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	226.74	+0.018%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTXshort	+0.0128%	1h	226.29	−0.180%	$1.3M	$789K	10x
BloFin NVDA-USDT	+0.0201%	8h	226.71	+0.005%	$710K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.95	+0.111%	$73K	$140	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0280%	1h	226.59	−0.048%	$53K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0376%	1h	226.50	−0.085%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0414%	4h	226.75	+0.021%	$171K	$1.9M	20x	as long as short