NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.07 per $10,000 · paid last 24h −0.032%

Price spread now: Polymarket Perps against Deribit+0.013%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.103%−$10 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.013%, 7d avg −0.008%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.021% dearer against Deribit than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.008%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NVDA_USDC-PERPETUAL	226.53	0.0103	pay 0.0013% / 1h	19m 04s	$52K	$1.8M	10x
Short	Polymarket Perps NVDA-USD	226.56	0.0050	get 0.0006% / 1h	19m 04s	$391K	$285K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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 DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$11.19
Price spread: +0.013% → −0.008%: $2.11
Slippage, 4 orders: −$13.48
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$37.56
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Deribit: live order book, 5 min ago; Polymarket Perps: live order book, 23 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 Deribit live order book, 5 min ago	3.75 bp	7.6 bp −$8	8.2 bp −$82	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 23 min ago	2.65 bp	6.7 bp −$7	7.7 bp −$77	9.2 bp −$921	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	226.51	−0.010%	$482K	$530K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.54	+0.004%	$12.4M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.60	+0.031%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.58	+0.022%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.60	+0.031%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.54	+0.006%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.26	−0.119%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.60	+0.031%	$198K	$451K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.69	+0.071%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	226.35	−0.080%	$117K	$51K	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	+0.0017%	8h	226.62	+0.038%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.52	−0.004%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.72	+0.084%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.50	−0.013%	$147.1M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	226.56	+0.013%	$391K	$285K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.51	−0.009%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.41	−0.053%	$1.6M	$1.9M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	226.50	−0.013%	$35K	—	20x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.57	+0.018%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0085%	8h	226.63	+0.045%	$154.5M	$218.2M	50x	as long as short
Lighter NVDA	+0.0088%	1h	226.60	+0.031%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.46	−0.033%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.55	+0.009%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.46	−0.031%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.58	+0.022%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUALlong	+0.0103%	1h	226.53	long leg	$52K	$1.8M	10x
Aevo NVDA-PERP	+0.0104%	1h	226.61	+0.033%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.54	+0.004%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.106%	$1.3M	$724K	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.74	+0.093%	$5.1M	$7.0M	20x	as long as short
Nado NVDA-PERP	+0.0120%	1h	226.50	−0.012%	$481K	$224K	20x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	226.60	+0.031%	$712K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.155%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USD	+0.0384%	1h	226.46	−0.029%	$623K	$833K	10x	as long as short
edgeX NVDAUSDC	+0.0909%	4h	226.50	−0.013%	$170K	$1.9M	20x	as long as short