Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h +0.013%

Price spread now: Orderly against Extended+0.031%7-day average — · you sell dearer than you buy

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

Long on Extended 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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.031% dearer against Extended than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	227.39	0.0456	pay 0.0057% / 1h	39m 27s	$685K	$733K	10x
Short	Orderly PERP_NVDA_USDC	227.46	0.0100	get 0.0100% / 8h	4h 39m	$36K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.031%Rate

Funding earned: −$74.76
Price spread: +0.031% → 0.000%: $3.08
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$82.68
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 18 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 Extended live order book, 18 min ago	0.22 bp	5.7 bp −$6	51.0 bp −$510	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
Bybit NVDAUSDT	0.0000%	8h	227.49	+0.044%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	+0.035%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.44	+0.022%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.54	+0.066%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.11	−0.123%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.42	+0.013%	$49K	$1.6M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.110%	$198K	$471K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.63	+0.106%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.42	+0.014%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0039%	8h	227.53	+0.063%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.079%	$406K	$745K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.66	+0.119%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.39	0.000%	$147.7M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.52	+0.057%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.41	+0.009%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.28	−0.048%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.46	+0.031%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0066%	8h	227.61	+0.096%	$20K	$390K	10x	as long as short
Variational Omni NVDA	+0.0073%	8h	227.50	+0.050%	$3.5M	$2.1M	—	as long as short
Lighter NVDA	+0.0080%	1h	227.49	+0.044%	$2.2M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0088%	1h	227.42	+0.015%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.42	+0.015%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.47	+0.035%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	227.46	+0.031%	$36K	$22K	20x
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	+0.062%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.52	+0.057%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0124%	8h	227.50	+0.049%	$156.5M	$216.2M	50x	as long as short
Phoenix NVDA	+0.0141%	1h	227.46	+0.031%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0146%	8h	227.53	+0.062%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0160%	1h	227.64	+0.110%	$5.1M	$7.1M	20x	as long as short
Hotstuff NVDA-PERP	+0.0208%	1h	227.37	−0.009%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.281%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0246%	8h	227.57	+0.079%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USDlong	+0.0456%	1h	227.39	long leg	$685K	$733K	10x
edgeX NVDAUSDC	+0.0515%	4h	227.55	+0.068%	$170K	$1.9M	20x	as long as short