Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h −0.030%

Price spread now: Coinbase International against BloFin−0.088%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.088%, 7d avg −0.071%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NVDA-USDT	226.37	0.0273	pay 0.0273% / 8h	7h 16m	$714K	$200K	20x
Short	Coinbase International NVDA-PERP-INTX	226.17	0.0136	get 0.0017% / 1h	16m 51s	$1.3M	$681K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$28.7
Price spread: −0.088% → −0.071%: −$1.76
Slippage, 4 orders: −$6.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$58.65
Costs to cover: 0.282%
Break-even: never at this rate

Slippage from BloFin: live order book, 60 min ago; Coinbase International: live order book, 2 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 BloFin live order book, 60 min ago	0.22 bp	6.2 bp −$6	8.0 bp −$80	15.9 bp −$1,590	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.43 bp	7.9 bp −$8	10.1 bp −$101	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	−0.0048%	1h	226.16	−0.093%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.39	+0.009%	$12.5M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.44	+0.031%	$14.1M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.34	−0.013%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.48	+0.049%	$15.7M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.25	−0.054%	$21K	$430K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.04	−0.146%	$3K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.28	−0.040%	$198K	$436K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.46	+0.040%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0010%	1h	226.00	−0.165%	$117K	$52K	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	226.25	−0.051%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.10	−0.119%	$640K	$872K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.26	−0.049%	$392K	$739K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.40	+0.013%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.17	−0.088%	$147.3M	$44.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.28	−0.040%	$391K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.15	−0.097%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.07	−0.133%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0068%	8h	226.31	−0.027%	$483K	$544K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.28	−0.040%	$1.3M	$9.1M	10x	as long as short
Nado NVDA-PERP	+0.0072%	1h	226.12	−0.112%	$480K	$221K	20x	as long as short
Lighter RH NVDA	+0.0080%	1h	226.41	+0.018%	$5.1M	$7.2M	20x	as long as short
Variational Omni NVDA	+0.0090%	8h	226.27	−0.043%	$3.2M	$2.5M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.10	−0.120%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.02	−0.155%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.34	−0.013%	$36K	$20K	20x	as long as short
KuCoin NVDAUSDTM	+0.0109%	8h	226.27	−0.044%	$1.6M	$1.0M	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.32	−0.022%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTXshort	+0.0136%	1h	226.17	−0.088%	$1.3M	$681K	10x
Binance NVDAUSDT	+0.0153%	8h	226.40	+0.015%	$155.2M	$222.3M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.11	−0.115%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.075%	$73K	$138	30x	as long as short
BloFin NVDA-USDTlong	+0.0273%	8h	226.37	long leg	$714K	$200K	20x
Deribit NVDA_USDC-PERPETUAL	+0.0281%	1h	226.25	−0.053%	$53K	$1.9M	10x	as long as short
edgeX NVDAUSDC	+0.0418%	4h	226.22	−0.067%	$171K	$1.9M	20x	as long as short