Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.014%

Price spread now: Bitget against Coinbase International+0.180%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

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

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 3 days (all we have)−0.062%−$6 · spread now +0.180%, 7d avg +0.086%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.094% dearer against Coinbase International than usual: you sell high and buy low (spread +0.180% now, against its 7-day average of +0.086%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.3 days. At the pace of the last 7 days (−0.039% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	227.46	0.0080	pay 0.0010% / 1h	30m 10s	$1.3M	$800K	10x
Short	Bitget NVDAUSDT	227.87	0.0037	get 0.0037% / 8h	7h 30m	$15.5M	$16.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.180%Rate

Funding earned: −$9.03
Price spread: +0.180% → +0.086%: $9.44
Slippage, 4 orders: −$9.41
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Bitget: live order book, 4 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	3.30 bp	8.7 bp −$9	10.4 bp −$104	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.22 bp	7.5 bp −$7	10.3 bp −$103	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
Aster NVDAUSDT	0.0000%	8h	227.61	+0.068%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.82	+0.158%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.81	+0.154%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.76	+0.132%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.79	+0.145%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.38	−0.035%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.77	+0.136%	$198K	$511K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.85	+0.171%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0009%	8h	227.62	+0.070%	$20K	$395K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	227.51	+0.023%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0024%	1h	227.63	+0.075%	$35K	—	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.57	+0.048%	$525K	$472K	10x	as long as short
Bitget NVDAUSDTshort	+0.0037%	8h	227.87	+0.180%	$15.5M	$16.9M	100x
Arcus NVDA-USD	+0.0040%	1h	227.55	+0.040%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.75	+0.127%	$1.6M	$11.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.82	+0.158%	—	$74K	25x	as long as short
Binance NVDAUSDT	+0.0047%	8h	227.87	+0.179%	$156.5M	$217.4M	50x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.67	+0.092%	$147.8M	$46.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.71	+0.110%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.65	+0.084%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.55	+0.040%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0080%	1h	227.46	long leg	$1.3M	$800K	10x
Nado NVDA-PERP	+0.0080%	1h	227.63	+0.074%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.78	+0.142%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.65	+0.084%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	+0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.76	+0.132%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.61	+0.066%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0126%	8h	227.71	+0.110%	$1.6M	$742K	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.83	+0.164%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.95	+0.215%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0166%	8h	227.82	+0.158%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.334%	$73K	$138	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0321%	1h	227.77	+0.136%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0627%	4h	227.62	+0.069%	$170K	$1.9M	20x	as long as short