Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.011%

Price spread now: Orderly against Coinbase International+0.084%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.084% dearer against Coinbase International than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	227.01	0.0096	pay 0.0012% / 1h	45m 37s	$1.3M	$911K	10x
Short	Orderly PERP_NVDA_USDC	227.20	0.0100	get 0.0100% / 8h	1h 45m	$36K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.084%Rate

Funding earned: $0.84
Price spread: +0.084% → 0.000%: $8.37
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$6.79
Costs to cover: 0.160%
Break-even: 63.6 days

Slippage unknown: Coinbase International: live order book, 3 min ago; Orderly: 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 Coinbase International live order book, 3 min ago	1.54 bp	8.0 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Hotstuff NVDA-PERP	−0.0032%	1h	227.10	+0.040%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.22	+0.092%	$474K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.30	+0.128%	$156.2M	$220.5M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.25	+0.106%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.24	+0.101%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.20	+0.084%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.25	+0.104%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.25	+0.106%	$20K	$452K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.84	−0.075%	$3K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.31	+0.132%	$202K	$524K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.25	+0.106%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.16	+0.065%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0022%	8h	227.27	+0.115%	$15.6M	$18.2M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.10	+0.039%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.24	+0.101%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.35	+0.150%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.10	+0.040%	$147.1M	$50.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.20	+0.084%	$390K	$281K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.08	+0.031%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.06	+0.022%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0061%	1h	227.15	+0.060%	$483K	$227K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.11	+0.044%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.23	+0.095%	—	—	10x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.40	+0.172%	$4.9M	$7.0M	20x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0096%	1h	227.01	long leg	$1.3M	$911K	10x
Pacifica NVDA	+0.0100%	1h	227.11	+0.043%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.25	+0.106%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.11	+0.044%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	227.20	+0.084%	$36K	$22K	20x
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.17	+0.070%	$49K	$1.5M	10x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.27	+0.115%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.28	+0.119%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.63	+0.273%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.17	+0.070%	$388K	$709K	20x	as long as short
edgeX NVDAUSDC	+0.0741%	4h	227.24	+0.102%	$170K	$1.9M	20x	as long as short