Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0212%/8h= −23.3% APRpaid last 24h −0.037%

Price spread now: Pacifica against BloFin−0.059%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

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

costs, in and out, $10k−$310.314% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.059%, 7d avg −0.060%

Together, before fees−0.035%+ Points / potential airdropPacifica: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.128% in total (about -6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NVDA-USDT	227.69	0.0312	pay 0.0312% / 8h	5h 05m	$736K	$202K	20x
Short	Pacifica NVDA	227.56	0.0100	get 0.0013% / 1h	5m 21s	$299K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.059%Rate

Funding earned: −$44.59
Price spread: −0.059% → −0.060%: $0.09
Slippage, 4 orders: −$11.44
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$75.95
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from BloFin: live order book, 39 min ago; Pacifica: live order book, 41 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, 39 min ago	0.66 bp	6.7 bp −$7	7.1 bp −$71	12.5 bp −$1,254	doesn't fit
Sell Pacifica live order book, 41 min ago	2.86 bp	8.3 bp −$8	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
Hotstuff NVDA-PERP	−0.1600%	1h	227.50	−0.083%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.70	+0.004%	$12.7M	$16.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.69	0.000%	$14.5M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.63	−0.026%	$7.2M	$9.3M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.72	+0.013%	$15.7M	$15.8M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.33	−0.158%	$2K	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.51	−0.079%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.51	−0.079%	$199K	$399K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.70	+0.004%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.45	−0.108%	$117K	$52K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	227.62	−0.030%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.50	−0.084%	$610K	$930K	10x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.62	−0.031%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	+0.066%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.56	−0.057%	$149.4M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.60	−0.040%	$392K	$212K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.56	−0.057%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.141%	$1.5M	$2.0M	15x	as long as short
Aster NVDAUSDT	+0.0055%	8h	227.62	−0.031%	$484K	$565K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0079%	8h	227.64	−0.022%	$20K	$418K	10x	as long as short
Nado NVDA-PERP	+0.0085%	1h	227.62	−0.031%	$479K	$208K	20x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.78	+0.040%	$5.3M	$7.2M	20x	as long as short
Pacifica NVDAshort	+0.0100%	1h	227.56	−0.059%	$299K	$50K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.53	−0.070%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.63	−0.026%	$36K	$19K	20x	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.64	−0.020%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	227.41	−0.123%	$1.3M	$672K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.59	−0.044%	$94K	$82K	20x	as long as short
Variational Omni NVDA	+0.0144%	8h	227.62	−0.029%	$3.3M	$2.4M	—	as long as short
KuCoin NVDAUSDTM	+0.0155%	8h	227.67	−0.009%	$1.6M	$1.5M	20x	as long as short
Binance NVDAUSDT	+0.0192%	8h	227.68	−0.004%	$155.8M	$224.9M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.74	+0.022%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0249%	4h	227.64	−0.023%	$171K	$1.9M	20x	as long as short
BloFin NVDA-USDTlong	+0.0312%	8h	227.69	long leg	$736K	$202K	20x
Arcus NVDA-USD	+0.0320%	1h	227.60	−0.040%	$384K	$705K	20x	as long as short