Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.009%

Price spread now: Extended against Bitget−0.116%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.116%, 7d avg −0.075%

Together, before fees+0.109%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.041% cheaper against Bitget than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.075%). If the spread goes back, that is −$4 on $10k: about 4.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NVDAUSDT	227.58	0	get 0.0000% / 8h	5h 52m	$15.7M	$16.1M	100x
Short	Extended NVDA_24_5-USD	227.32	0.0032	get 0.0004% / 1h	52m 02s	$613K	$939K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.116%Rate

Funding earned: $6.72
Price spread: −0.116% → −0.075%: −$4.14
Slippage, 4 orders: −$6.88
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$21.29
Costs to cover: 0.239%
Break-even: 29.2 days

Slippage from Bitget: live order book, 5 min ago; Extended: live order book, 59 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 Bitget live order book, 5 min ago	0.22 bp	7.9 bp −$8	10.2 bp −$102	21.1 bp −$2,105	doesn't fit
Sell Extended live order book, 59 min ago	0.22 bp	4.7 bp −$5	28.3 bp −$283	doesn't fit	doesn't fit

NVDA on 35 exchanges

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	−0.1600%	1h	225.99	−0.699%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.55	−0.013%	$12.8M	$15.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.52	−0.026%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.45	−0.057%	$7.2M	$9.1M	100x	as long as short
Bitget NVDAUSDTlong	0.0000%	8h	227.58	long leg	$15.7M	$16.1M	100x
SunX NVDA-USDT	0.0000%	8h	227.09	−0.215%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.38	−0.088%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.49	−0.040%	$199K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.54	−0.018%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.30	−0.121%	$118K	$52K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0016%	8h	227.44	−0.062%	$20K	$432K	10x	as long as short
Lighter NVDA	+0.0032%	1h	227.47	−0.049%	$2.1M	$3.1M	20x	as long as short
Extended NVDA_24_5-USDshort	+0.0032%	1h	227.32	−0.116%	$613K	$939K	10x
Aster NVDAUSDT	+0.0034%	8h	227.33	−0.112%	$484K	$566K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.41	−0.075%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.65	+0.031%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.40	−0.079%	$148.9M	$45.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.40	−0.079%	$392K	$242K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.39	−0.083%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.19	−0.171%	$1.5M	$1.9M	15x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.63	+0.022%	$5.1M	$7.1M	20x	as long as short
Nado NVDA-PERP	+0.0092%	1h	227.42	−0.072%	$478K	$210K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.35	−0.103%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.25	−0.145%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.47	−0.048%	$36K	$19K	20x	as long as short
Variational Omni NVDA	+0.0110%	8h	227.33	−0.111%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	227.48	−0.043%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.41	−0.075%	$1.6M	$1.3M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.45	−0.497%	$1.3M	$657K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.26	−0.141%	$93K	$82K	20x	as long as short
Binance NVDAUSDT	+0.0165%	8h	227.53	−0.021%	$156.0M	$224.7M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.53	−0.022%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0284%	8h	227.47	−0.048%	$727K	$203K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.43	−0.066%	$384K	$704K	20x	as long as short
edgeX NVDAUSDC	+0.0597%	4h	227.32	−0.114%	$171K	$1.9M	20x	as long as short