Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0099%/8h= −10.9% APRpaid last 24h −0.015%

Price spread now: tradeXYZ against Binance−0.099%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days+0.043%+$4 · spread now −0.099%, 7d avg −0.087%

Together, before fees0.000%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.087%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	226.28	0.0149	pay 0.0149% / 8h	7h 20m	$155.1M	$222.2M	50x
Short	tradeXYZ xyz:NVDA	226.06	0.0050	get 0.0006% / 1h	20m 02s	$147.1M	$43.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$20.83
Price spread: −0.099% → −0.087%: −$1.19
Slippage, 4 orders: −$2.26
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$52.28
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; tradeXYZ: live order book, 10 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, 8 min ago	0.22 bp	5.6 bp −$6	6.1 bp −$61	19.0 bp −$1,896	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.44 bp	10.0 bp −$10	11.6 bp −$116	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
Hotstuff NVDA-PERP	−0.0112%	1h	226.05	−0.104%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.26	−0.011%	$12.5M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.23	−0.024%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.17	−0.051%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.28	−0.002%	$15.7M	$15.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.22	−0.030%	$21K	$431K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.91	−0.165%	$2K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.28	−0.002%	$198K	$436K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.43	+0.064%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	225.98	−0.134%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.15	−0.058%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.02	−0.117%	$640K	$872K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.17	−0.051%	$392K	$739K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.29	+0.003%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	226.06	−0.099%	$147.1M	$43.5M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	226.11	−0.077%	$391K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.07	−0.095%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.06	−0.099%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0063%	8h	226.26	−0.009%	$483K	$544K	20x	as long as short
Nado NVDA-PERP	+0.0065%	1h	226.02	−0.115%	$480K	$221K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.22	−0.028%	$1.3M	$9.1M	10x	as long as short
Lighter RH NVDA	+0.0072%	1h	226.31	+0.011%	$5.1M	$7.2M	20x	as long as short
Variational Omni NVDA	+0.0090%	8h	226.27	−0.005%	$3.2M	$2.5M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.05	−0.104%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.02	−0.117%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.22	−0.028%	$36K	$20K	20x	as long as short
KuCoin NVDAUSDTM	+0.0105%	8h	226.24	−0.020%	$1.6M	$1.0M	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.25	−0.017%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.00	−0.126%	$1.3M	$681K	10x	as long as short
Binance NVDAUSDTlong	+0.0149%	8h	226.28	long leg	$155.1M	$222.2M	50x
Phoenix NVDA	+0.0212%	1h	226.03	−0.112%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.113%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0268%	8h	226.28	−0.002%	$715K	$200K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0414%	1h	226.17	−0.051%	$53K	$1.9M	10x	as long as short
edgeX NVDAUSDC	+0.0643%	4h	226.20	−0.038%	$171K	$1.9M	20x	as long as short