Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.005%

Price spread now: Pacifica against Bitget−0.133%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.221%+$22 · spread now −0.133%, 7d avg −0.074%

Together, before fees+0.232%+ Points / potential airdropPacifica: Active · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.059% cheaper against Bitget than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of −0.074%). If the spread goes back, that is −$6 on $10k: about 47 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.011% in total) that is about 37 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NVDAUSDT	226.67	0	get 0.0000% / 8h	6h 19m	$15.6M	$15.9M	100x
Short	Pacifica NVDA	226.37	0.0100	get 0.0013% / 1h	19m 03s	$297K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.133%Rate

Funding earned: $21
Price spread: −0.133% → −0.074%: −$5.85
Slippage, 4 orders: −$8.35
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$13.2
Costs to cover: 0.283%
Break-even: 11.4 days

Slippage from Bitget: live order book, 3 min ago; Pacifica: live order book, 32 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, 3 min ago	0.22 bp	6.7 bp −$7	9.5 bp −$95	25.8 bp −$2,584	doesn't fit
Sell Pacifica live order book, 32 min ago	1.99 bp	6.4 bp −$6	doesn't fit	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
Bybit NVDAUSDT	0.0000%	8h	226.60	−0.031%	$12.7M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.59	−0.035%	$14.3M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.50	−0.075%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDTlong	0.0000%	8h	226.67	long leg	$15.6M	$15.9M	100x
SunX NVDA-USDT	0.0000%	8h	226.11	−0.247%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.43	−0.106%	$37K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.64	−0.013%	$198K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.71	+0.018%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.51	−0.070%	$117K	$51K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.42	−0.108%	$616K	$930K	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	+0.0040%	8h	226.64	−0.013%	$21K	$430K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.70	+0.013%	—	$74K	25x	as long as short
QFEX NVDA-USD	+0.0047%	1h	226.55	−0.053%	$1.3M	$9.0M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.48	−0.084%	$147.7M	$45.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.46	−0.093%	$391K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.45	−0.097%	$59K	$17K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.30	−0.163%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0078%	8h	226.58	−0.040%	$484K	$565K	20x	as long as short
Lighter NVDA	+0.0080%	1h	226.57	−0.043%	$2.1M	$3.2M	20x	as long as short
Pacifica NVDAshort	+0.0100%	1h	226.37	−0.133%	$297K	$50K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	226.45	−0.097%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.53	−0.062%	$36K	$19K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	226.57	−0.044%	$93K	$83K	20x	as long as short
Nado NVDA-PERP	+0.0112%	1h	226.43	−0.106%	$478K	$209K	20x	as long as short
Variational Omni NVDA	+0.0114%	8h	226.54	−0.058%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.55	−0.054%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.45	−0.097%	$1.3M	$665K	10x	as long as short
KuCoin NVDAUSDTM	+0.0131%	8h	226.59	−0.035%	$1.6M	$1.2M	20x	as long as short
Hotstuff NVDA-PERP	+0.0152%	1h	226.43	−0.106%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0164%	8h	226.63	−0.018%	$155.3M	$223.3M	50x	as long as short
Lighter RH NVDA	+0.0176%	1h	226.73	+0.026%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.08	+0.181%	$73K	$138	30x	as long as short
Arcus NVDA-USD	+0.0225%	1h	226.50	−0.075%	$383K	$703K	20x	as long as short
BloFin NVDA-USDT	+0.0284%	8h	226.62	−0.022%	$726K	$201K	20x	as long as short
edgeX NVDAUSDC	+0.0693%	4h	226.54	−0.057%	$170K	$1.9M	20x	as long as short