Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.018%

Price spread now: Polymarket Perps against Binance−0.040%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.040%, 7d avg −0.076%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.036% dearer against Binance than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.076%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	226.70	0.0089	pay 0.0089% / 8h	1h 12m	$154.5M	$218.4M	50x
Short	Polymarket Perps NVDA-USD	226.61	0.0050	get 0.0006% / 1h	12m 22s	$391K	$285K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$8.18
Price spread: −0.040% → −0.076%: $3.59
Slippage, 4 orders: −$6.01
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$28.6
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Polymarket Perps: live order book, 30 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, 1 min ago	0.22 bp	5.4 bp −$5	7.1 bp −$71	17.2 bp −$1,725	doesn't fit
Sell Polymarket Perps live order book, 30 min ago	2.65 bp	6.7 bp −$7	7.7 bp −$77	9.2 bp −$921	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
Hotstuff NVDA-PERP	−0.0088%	1h	226.55	−0.066%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.66	−0.018%	$12.4M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.69	−0.004%	$14.2M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.60	−0.044%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.72	+0.009%	$15.4M	$16.2M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.60	−0.044%	$21K	$420K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.22	−0.212%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.80	+0.044%	$198K	$450K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.76	+0.026%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	226.49	−0.091%	$482K	$530K	20x	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	+0.0013%	1h	226.53	−0.077%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0020%	8h	226.63	−0.033%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.59	−0.049%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.71	+0.004%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.51	−0.084%	$147.2M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	226.61	−0.040%	$391K	$285K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.52	−0.079%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.38	−0.141%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.64	−0.026%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDTlong	+0.0089%	8h	226.70	long leg	$154.5M	$218.4M	50x
Lighter NVDA	+0.0096%	1h	226.63	−0.031%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.47	−0.101%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.66	−0.018%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.42	−0.124%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.63	−0.031%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.66	−0.017%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.58	−0.053%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.181%	$1.3M	$723K	10x	as long as short
Nado NVDA-PERP	+0.0124%	1h	226.50	−0.088%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.77	+0.031%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	226.71	+0.004%	$710K	$195K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.079%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USD	+0.0384%	1h	226.44	−0.115%	$636K	$847K	10x	as long as short
edgeX NVDAUSDC	+0.0420%	4h	226.59	−0.048%	$170K	$1.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0501%	1h	226.61	−0.040%	$53K	$1.8M	10x	as long as short