Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.013%

Price spread now: Binance against Extended+0.090%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.090%, 7d avg +0.063%

Together, before fees+0.041%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.027% dearer against Extended than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.063%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	226.77	0.0192	pay 0.0024% / 1h	19m 25s	$672K	$765K	10x
Short	Binance NVDAUSDT	226.98	0.0092	get 0.0092% / 8h	3h 19m	$155.5M	$216.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.090%Rate

Funding earned: −$20.92
Price spread: +0.090% → +0.063%: $2.7
Slippage, 4 orders: −$8.08
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.3
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from Extended: live order book, 34 min ago; Binance: live order book, 9 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 Extended live order book, 34 min ago	0.66 bp	5.8 bp −$6	47.7 bp −$477	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.22 bp	5.2 bp −$5	5.8 bp −$58	18.0 bp −$1,802	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
Hotstuff NVDA-PERP	−0.0080%	1h	226.92	+0.064%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.98	+0.090%	$12.6M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.94	+0.073%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.91	+0.060%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.99	+0.095%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.08	+0.136%	$20K	$396K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.66	−0.051%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.26	+0.214%	$197K	$462K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.26	+0.214%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0006%	8h	226.99	+0.095%	$482K	$569K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0011%	1h	226.91	+0.061%	$118K	$53K	10x	as long as short
Variational Omni NVDA	+0.0029%	8h	227.08	+0.132%	$3.6M	$2.2M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.96	+0.082%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.99	+0.095%	$398K	$738K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.96	+0.082%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.06	+0.126%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.82	+0.020%	$147.4M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.94	+0.073%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.87	+0.042%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.79	+0.007%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0057%	1h	226.88	+0.044%	$482K	$227K	20x	as long as short
Binance NVDAUSDTshort	+0.0092%	8h	226.98	+0.090%	$155.5M	$216.3M	50x
Pacifica NVDA	+0.0100%	1h	226.89	+0.050%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.99	+0.095%	$1.6M	$729K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.93	+0.068%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.91	+0.060%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.97	+0.085%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.12	+0.152%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.11	+0.148%	$1.3M	$782K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	226.96	+0.082%	$93K	$112K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0191%	1h	226.99	+0.095%	$49K	$1.7M	10x	as long as short
Extended NVDA_24_5-USDlong	+0.0192%	1h	226.77	long leg	$672K	$765K	10x
BloFin NVDA-USDT	+0.0212%	8h	227.15	+0.165%	$718K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.52	+0.329%	$73K	$138	30x	as long as short
edgeX NVDAUSDC	+0.0497%	4h	227.06	+0.127%	$170K	$1.9M	20x	as long as short