Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.007%

Price spread now: SoDEX against Bitget−0.062%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SoDEX is 0.062% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NVDAUSDT	227.21	0.0151	pay 0.0151% / 8h	3h 31m	$15.7M	$18.1M	100x
Short	SoDEX NVDA-USD	227.07	0.0050	get 0.0006% / 1h	31m 03s	$58K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$21.21
Price spread: −0.062% → 0.000%: −$6.16
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$47.37
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; SoDEX: no order-book sample. Net counts fees only.

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	7.9 bp −$8	11.7 bp −$117	27.3 bp −$2,734	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit NVDAUSDT	0.0000%	8h	227.20	−0.004%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.19	−0.009%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.15	−0.026%	$7.2M	$9.1M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.17	−0.017%	$20K	$488K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.77	−0.194%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.13	−0.035%	$49K	$1.4M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.14	−0.031%	$197K	$506K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.22	+0.004%	$2.2M	$41K	10x	as long as short
Variational Omni NVDA	+0.0008%	8h	227.18	−0.014%	$3.3M	$2.1M	—	as long as short
Aster NVDAUSDT	+0.0019%	8h	227.20	−0.004%	$480K	$543K	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	+0.0023%	1h	227.11	−0.045%	$118K	$54K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.07	−0.060%	$526K	$350K	10x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.24	+0.013%	$1.6M	$11.3M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.31	+0.044%	—	$73K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.08	−0.057%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.07	−0.062%	$147.5M	$49.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.15	−0.026%	$398K	$220K	10x	as long as short
SoDEX NVDA-USDshort	+0.0050%	1h	227.07	−0.062%	$58K	$20K	10x
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.94	−0.119%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0078%	8h	227.20	−0.004%	$156.1M	$216.3M	50x	as long as short
Nado NVDA-PERP	+0.0093%	1h	227.12	−0.041%	$478K	$216K	20x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.36	+0.066%	$4.8M	$6.8M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.10	−0.051%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.22	+0.004%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.06	−0.066%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.19	−0.009%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.22	+0.005%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.13	−0.035%	$1.3M	$914K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.08	−0.057%	$93K	$112K	20x	as long as short
Bitget NVDAUSDTlong	+0.0151%	8h	227.21	long leg	$15.7M	$18.1M	100x
Lighter NVDA	+0.0176%	1h	227.26	+0.021%	$2.1M	$3.3M	20x	as long as short
BloFin NVDA-USDT	+0.0198%	8h	227.24	+0.013%	$716K	$203K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.54	+0.145%	$73K	$129	30x	as long as short
Arcus NVDA-USD	+0.0487%	1h	227.20	−0.004%	$408K	$662K	20x	as long as short
edgeX NVDAUSDC	+0.0862%	4h	227.16	−0.020%	$170K	$1.9M	20x	as long as short