Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.005%

Price spread now: Binance against Coinbase International+0.027%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

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

costs, in and out, $10k−$270.267% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now +0.027%, 7d avg +0.063%

Together, before fees+0.121%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.037% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.063%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	226.29	0.0112	pay 0.0014% / 1h	45m 08s	$1.3M	$789K	10x
Short	Binance NVDAUSDT	226.35	0.0088	get 0.0088% / 8h	1h 45m	$154.3M	$219.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.027%Rate

Funding earned: −$4.99
Price spread: +0.027% → +0.063%: −$3.66
Slippage, 4 orders: −$6.67
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.32
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Binance: live order book, 13 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 Coinbase International live order book, 3 min ago	2.43 bp	8.7 bp −$9	10.1 bp −$101	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.22 bp	5.3 bp −$5	6.8 bp −$68	19.2 bp −$1,923	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	226.34	+0.022%	$12.4M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.33	+0.018%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.29	0.000%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.37	+0.035%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.42	+0.057%	$21K	$423K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.04	−0.110%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.58	+0.128%	$198K	$454K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.64	+0.155%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	226.38	+0.039%	$482K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.33	+0.017%	$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
Variational Omni NVDA	+0.0018%	8h	226.33	+0.016%	$3.6M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.34	+0.022%	$398K	$735K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.42	+0.057%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.20	−0.040%	$147.0M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.30	+0.004%	$398K	$279K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.21	−0.035%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.27	−0.009%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.34	+0.022%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDTshort	+0.0088%	8h	226.35	+0.027%	$154.3M	$219.2M	50x
Lighter NVDA	+0.0096%	1h	226.33	+0.019%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.20	−0.041%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.39	+0.044%	$1.6M	$748K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.21	−0.035%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.34	+0.022%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.34	+0.023%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.34	+0.022%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0112%	1h	226.29	long leg	$1.3M	$789K	10x
Hotstuff NVDA-PERP	+0.0136%	1h	226.20	−0.040%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0149%	1h	226.19	−0.044%	$480K	$226K	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	226.46	+0.075%	$5.0M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0208%	8h	226.44	+0.066%	$716K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.74	+0.199%	$73K	$136	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0236%	1h	226.28	−0.004%	$52K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0456%	1h	226.16	−0.057%	$667K	$762K	10x	as long as short
edgeX NVDAUSDC	+0.0576%	4h	226.36	+0.031%	$170K	$1.9M	20x	as long as short