Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0202%/8hnext payment −$2.02 per $10,000 · paid last 24h −0.038%

Price spread now: SunX against BloFin−0.176%55s7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$780.778% of the position

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.321%−$32 on $10k

Price spread, last 3 days (all we have)+0.084%+$8 · spread now −0.176%, 7d avg −0.121%

Together, before fees−0.237%−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SunX is 0.055% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.121%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NVDA-USDT	227.67	0.0202	pay 0.0202% / 8h	4h 23m	$728K	$198K	20x
Short	SunX NVDA-USDT	227.27	0	get 0.0000% / 8h	4h 23m	$2K	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.176%Rate

Funding earned: −$42.33
Price spread: −0.176% → −0.121%: −$5.51
Slippage, 4 orders: −$57.84
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$125.68
Costs to cover: 0.778%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; SunX: live order book, 8 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, 7 min ago	0.88 bp	6.9 bp −$7	7.0 bp −$70	11.5 bp −$1,151	24.2 bp −$12.1K
Sell SunX live order book, 8 min ago	21.98 bp	26.0 bp −$26	55.7 bp −$557	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
Bybit NVDAUSDT	0.0000%	8h	227.54	−0.057%	$12.8M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.56	−0.048%	$14.4M	$20.4M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.49	−0.079%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.48	−0.083%	$7.2M	$8.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.69	+0.009%	$20K	$486K	10x	as long as short
SunX NVDA-USDTshort	0.0000%	8h	227.27	−0.176%	$2K	$4.0M	20x
HTX NVDA-USDT	0.0000%	8h	227.66	−0.004%	$197K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	−0.013%	$2.2M	$41K	10x	as long as short
Variational Omni NVDA	+0.0011%	8h	227.59	−0.033%	$3.3M	$2.2M	—	as long as short
Aster NVDAUSDT	+0.0029%	8h	227.60	−0.029%	$511K	$393K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.42	−0.110%	$530K	$332K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.61	−0.026%	$413K	$634K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.73	+0.026%	—	$73K	25x	as long as short
QFEX NVDA-USD	+0.0050%	1h	227.58	−0.040%	$1.5M	$10.8M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.49	−0.079%	$147.6M	$47.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.52	−0.066%	$396K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.49	−0.079%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.33	−0.149%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.54	−0.057%	$49K	$1.4M	10x	as long as short
Binance NVDAUSDT	+0.0081%	8h	227.58	−0.041%	$156.6M	$208.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.44	−0.100%	$299K	$52K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.59	−0.035%	$1.6M	$705K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.58	−0.040%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.59	−0.035%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	227.74	+0.031%	$4.8M	$6.8M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.61	−0.027%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0109%	1h	227.54	−0.058%	$478K	$216K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.43	−0.105%	$1.3M	$816K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0158%	1h	227.50	−0.074%	$118K	$53K	10x	as long as short
Bitget NVDAUSDT	+0.0186%	8h	227.58	−0.040%	$15.8M	$17.6M	100x	as long as short
Lighter NVDA	+0.0192%	1h	227.65	−0.007%	$2.1M	$3.2M	20x	as long as short
BloFin NVDA-USDTlong	+0.0202%	8h	227.67	long leg	$728K	$198K	20x
Phoenix NVDA	+0.0211%	1h	227.65	−0.009%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.105%	$73K	$127	30x	as long as short
edgeX NVDAUSDC	+0.0873%	4h	227.67	0.000%	$166K	$1.8M	20x	as long as short