Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0154%/8h= +16.9% APRpaid last 24h +0.031%

Price spread now: BloFin against Coinbase International+0.499%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs+$12as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 4 days (all we have)−0.458%−$46 · spread now +0.499%, 7d avg +0.076%

Together, before fees−0.356%−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.423% dearer against Coinbase International than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	226.45	0.0136	pay 0.0017% / 1h	46m 59s	$1.3M	$657K	10x
Short	BloFin NVDA-USDT	227.58	0.0290	get 0.0290% / 8h	5h 46m	$729K	$201K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.499%Rate

Funding earned: $32.33
Price spread: +0.499% → +0.076%: $42.26
Slippage, 4 orders: −$8.05
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $44.54
Costs to cover: 0.301%
Break-even: from the start

Slippage from Coinbase International: live order book, 5 min ago; BloFin: live order book, 62 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, 5 min ago	2.42 bp	7.4 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit
Sell BloFin live order book, 62 min ago	1.10 bp	7.1 bp −$7	7.6 bp −$76	15.1 bp −$1,506	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	225.99	−0.203%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.54	+0.481%	$12.7M	$16.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.57	+0.495%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.50	+0.464%	$7.2M	$9.2M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.63	+0.521%	$15.7M	$16.1M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.11	+0.291%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.41	+0.424%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.51	+0.468%	$199K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.53	+0.477%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.47	+0.452%	$118K	$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	227.51	+0.468%	$2.1M	$3.1M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.32	+0.385%	$613K	$939K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0035%	8h	227.60	+0.508%	$20K	$430K	10x	as long as short
Aster NVDAUSDT	+0.0039%	8h	227.55	+0.486%	$484K	$565K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.48	+0.455%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.70	+0.552%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.43	+0.433%	$149.0M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.48	+0.455%	$392K	$237K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.45	+0.442%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.28	+0.367%	$1.5M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0092%	1h	227.40	+0.420%	$478K	$210K	20x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.67	+0.539%	$5.1M	$7.1M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.34	+0.393%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.36	+0.402%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	+0.464%	$36K	$19K	20x	as long as short
Variational Omni NVDA	+0.0116%	8h	227.53	+0.476%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	227.51	+0.467%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0132%	8h	227.52	+0.473%	$1.6M	$1.3M	20x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0136%	1h	226.45	long leg	$1.3M	$657K	10x
Phoenix NVDA	+0.0141%	1h	227.50	+0.464%	$94K	$82K	20x	as long as short
Binance NVDAUSDT	+0.0171%	8h	227.54	+0.481%	$156.1M	$225.1M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.74	+0.570%	$73K	$136	30x	as long as short
BloFin NVDA-USDTshort	+0.0290%	8h	227.58	+0.499%	$729K	$201K	20x
Arcus NVDA-USD	+0.0320%	1h	227.43	+0.433%	$384K	$704K	20x	as long as short
edgeX NVDAUSDC	+0.0913%	4h	227.49	+0.458%	$171K	$1.9M	20x	as long as short