Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%

Price spread now: tradeXYZ against Gate−0.035%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.190%+$19 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.035%, 7d avg −0.060%

Together, before fees+0.173%+ Points / potential airdroptradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.025% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	226.07	0	get 0.0000% / 8h	7h 35m	$7.2M	$9.9M	100x
Short	tradeXYZ xyz:NVDA	225.99	0.0050	get 0.0006% / 1h	35m 05s	$146.8M	$43.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Gate. 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 GatebpFee tradeXYZbpOrdersPrice spread, now −0.035%Rate

Funding earned: $10.5
Price spread: −0.035% → −0.060%: $2.47
Slippage, 4 orders: −$11.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$31.71
Costs to cover: 0.447%
Break-even: 28.1 days

Slippage from Gate: live order book, 3 min ago; tradeXYZ: live order book, 4 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 Gate live order book, 3 min ago	1.55 bp	14.8 bp −$15	19.9 bp −$199	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.22 bp	9.6 bp −$10	10.9 bp −$109	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
Bybit NVDAUSDT	0.0000%	8h	226.09	+0.009%	$12.5M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.12	+0.022%	$14.1M	$20.3M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	226.07	long leg	$7.2M	$9.9M	100x
Bitget NVDAUSDT	0.0000%	8h	226.20	+0.058%	$15.8M	$16.1M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.29	+0.097%	$21K	$428K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.82	−0.111%	$2K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.31	+0.106%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.44	+0.164%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	226.07	+0.002%	$117K	$52K	10x	as long as short
Lighter NVDA	+0.0032%	1h	226.08	+0.004%	$2.1M	$3.2M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	225.95	−0.053%	$644K	$872K	10x	as long as short
Lighter RH NVDA	+0.0040%	1h	226.25	+0.080%	$5.1M	$7.0M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.08	+0.004%	$392K	$736K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.26	+0.084%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	225.99	−0.035%	$146.8M	$43.1M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	226.00	−0.031%	$390K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	225.98	−0.040%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.03	−0.018%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0058%	1h	226.01	−0.027%	$480K	$222K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0060%	1h	226.07	0.000%	$53K	$1.9M	10x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	226.09	+0.009%	$35K	—	20x	as long as short
Aster NVDAUSDT	+0.0071%	8h	226.13	+0.027%	$481K	$544K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.13	+0.027%	$1.3M	$9.1M	10x	as long as short
edgeX NVDAUSDC	+0.0081%	4h	226.27	+0.091%	$171K	$1.9M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	225.96	−0.049%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.13	+0.027%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.11	+0.018%	$36K	$20K	20x	as long as short
Variational Omni NVDA	+0.0100%	8h	226.16	+0.039%	$3.2M	$2.5M	—	as long as short
KuCoin NVDAUSDTM	+0.0104%	8h	226.17	+0.044%	$1.6M	$949K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.13	+0.028%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.29	+0.097%	$1.3M	$687K	10x	as long as short
Binance NVDAUSDT	+0.0156%	8h	226.17	+0.044%	$154.9M	$220.7M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.13	+0.027%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.208%	$73K	$137	30x	as long as short
BloFin NVDA-USDT	+0.0276%	8h	226.18	+0.049%	$715K	$198K	20x	as long as short