Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.013%

Price spread now: SunX against Extended−0.147%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$740.744% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.147%, 7d avg −0.070%

Together, before fees−0.049%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.077% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.070%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	227.32	0.0056	pay 0.0007% / 1h	39m 30s	$536K	$446K	10x
Short	SunX NVDA-USDT	226.99	0	get 0.0000% / 8h	39m 30s	$3K	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.147%Rate

Funding earned: −$11.76
Price spread: −0.147% → −0.070%: −$7.7
Slippage, 4 orders: −$61.38
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$93.83
Costs to cover: 0.744%
Break-even: never at this rate

Slippage from Extended: live order book, 38 min ago; SunX: live order book, 8 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, 38 min ago	0.22 bp	4.4 bp −$4	26.8 bp −$268	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	21.99 bp	26.0 bp −$26	55.7 bp −$557	doesn't fit	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	227.42	+0.042%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.50	+0.077%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	+0.081%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.42	+0.042%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.50	+0.075%	$3.6M	$2.1M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.53	+0.090%	$20K	$416K	10x	as long as short
SunX NVDA-USDTshort	0.0000%	8h	226.99	−0.147%	$3K	$3.9M	20x
HTX NVDA-USDT	0.0000%	8h	227.48	+0.068%	$198K	$523K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.62	+0.130%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0030%	1h	227.45	+0.055%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0032%	1h	227.38	+0.024%	$35K	—	20x	as long as short
Bitget NVDAUSDT	+0.0044%	8h	227.54	+0.095%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.58	+0.112%	—	$74K	25x	as long as short
Binance NVDAUSDT	+0.0046%	8h	227.52	+0.086%	$156.3M	$220.1M	50x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.36	+0.015%	$147.5M	$48.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	+0.024%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.38	+0.024%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.40	+0.033%	$1.6M	$2.1M	15x	as long as short
Extended NVDA_24_5-USDlong	+0.0056%	1h	227.32	long leg	$536K	$446K	10x
QFEX NVDA-USD	+0.0060%	1h	227.51	+0.081%	$1.6M	$11.4M	10x	as long as short
Nado NVDA-PERP	+0.0081%	1h	227.36	+0.016%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.49	+0.075%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.139%	$1.3M	$861K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.34	+0.007%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.081%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	+0.024%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	+0.077%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.38	+0.024%	$93K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.35	+0.011%	$400K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0166%	8h	227.49	+0.073%	$713K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.72	+0.174%	$73K	$136	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0234%	1h	227.45	+0.055%	$49K	$1.4M	10x	as long as short
Lighter RH NVDA	+0.0240%	1h	227.67	+0.152%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0248%	1h	227.55	+0.100%	$2.1M	$3.3M	20x	as long as short
edgeX NVDAUSDC	+0.0349%	4h	227.49	+0.071%	$170K	$1.9M	20x	as long as short