Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0126%/8h= −13.9% APRpaid last 24h −0.038%

Price spread now: SoDEX against BloFin−0.083%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 −$4 a day on $10k at the current rate, and SoDEX is 0.083% cheaper against BloFin than usual: you would sell low and buy high (−$8 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	BloFin NVDA-USDT	227.82	0.0176	pay 0.0176% / 8h	7h 23m	$718K	$205K	20x
Short	SoDEX NVDA-USD	227.63	0.0050	get 0.0006% / 1h	23m 07s	$58K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$26.57
Price spread: −0.083% → 0.000%: −$8.34
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$54.9
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 48 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 BloFin live order book, 48 min ago	0.22 bp	6.2 bp −$6	7.2 bp −$72	11.8 bp −$1,177	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
Aster NVDAUSDT	0.0000%	8h	227.65	−0.073%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.77	−0.022%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.76	−0.026%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.73	−0.040%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.86	+0.016%	$3.5M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.37	−0.198%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.87	+0.022%	$198K	$510K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.86	+0.018%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.78	−0.019%	$118K	$55K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.68	−0.061%	$524K	$474K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.65	−0.075%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.73	−0.040%	$1.6M	$11.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.86	+0.018%	—	$74K	25x	as long as short
Bitget NVDAUSDT	+0.0046%	8h	227.81	−0.004%	$15.5M	$16.9M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.63	−0.083%	$147.8M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.73	−0.040%	$402K	$289K	10x	as long as short
SoDEX NVDA-USDshort	+0.0050%	1h	227.63	−0.083%	$58K	$19K	10x
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.63	−0.083%	$1.6M	$2.1M	15x	as long as short
Binance NVDAUSDT	+0.0056%	8h	227.83	+0.005%	$156.5M	$217.6M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.158%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0081%	1h	227.65	−0.075%	$484K	$229K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0092%	8h	227.86	+0.018%	$20K	$387K	10x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.76	−0.027%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.61	−0.090%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.73	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.78	−0.018%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0101%	1h	227.73	−0.040%	$49K	$1.4M	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.81	−0.004%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.85	+0.013%	$1.6M	$740K	20x	as long as short
Lighter NVDA	+0.0144%	1h	227.81	−0.005%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.94	+0.053%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDTlong	+0.0176%	8h	227.82	long leg	$718K	$205K	20x
edgeX NVDAUSDC	+0.0181%	4h	227.87	+0.021%	$170K	$1.9M	20x	as long as short
Hotstuff NVDA-PERP	+0.0192%	1h	227.53	−0.127%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.176%	$73K	$138	30x	as long as short