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 −0.013%

Price spread now: tradeXYZ against Orderly−0.049%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.049% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NVDA_USDC	226.39	0.0100	pay 0.0100% / 8h	7h 59m	$36K	$21K	20x
Short	tradeXYZ xyz:NVDA	226.28	0.0050	get 0.0006% / 1h	59m 15s	$147.0M	$43.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Orderly. 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 OrderlybpFee tradeXYZbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$10.5
Price spread: −0.049% → 0.000%: −$4.86
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$39.36
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 11 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 11 min ago	0.22 bp	10.4 bp −$10	11.0 bp −$110	doesn't fit	doesn't fit

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	226.42	+0.013%	$12.5M	$14.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.41	+0.009%	$14.1M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.28	−0.049%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.33	−0.027%	$15.8M	$16.4M	100x	as long as short
Nado NVDA-PERP	0.0000%	1h	226.18	−0.091%	$480K	$223K	20x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.85	−0.239%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.21	−0.080%	$198K	$438K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.58	+0.084%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.14	−0.108%	$117K	$51K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.23	−0.071%	$392K	$738K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NVDA-USD-PERP	+0.0046%	1h	226.42	+0.013%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	226.21	−0.080%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	226.28	−0.049%	$147.0M	$43.5M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	226.24	−0.066%	$391K	$247K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.15	−0.106%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.10	−0.128%	$1.6M	$1.9M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0058%	8h	226.32	−0.031%	$22K	$423K	10x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.35	−0.018%	$1.3M	$9.0M	10x	as long as short
Aster NVDAUSDT	+0.0073%	8h	226.29	−0.046%	$481K	$530K	20x	as long as short
Variational Omni NVDA	+0.0099%	8h	226.31	−0.033%	$3.5M	$2.3M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.10	−0.128%	$297K	$48K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.17	−0.097%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDClong	+0.0100%	8h	226.39	long leg	$36K	$21K	20x
KuCoin NVDAUSDTM	+0.0113%	8h	226.37	−0.009%	$1.6M	$858K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.41	+0.010%	—	—	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	226.48	+0.040%	$5.1M	$6.8M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.23	−0.071%	$1.3M	$696K	10x	as long as short
Binance NVDAUSDT	+0.0160%	8h	226.38	−0.004%	$155.3M	$220.4M	50x	as long as short
Lighter NVDA	+0.0168%	1h	226.32	−0.031%	$2.1M	$3.2M	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.36	−0.013%	$93K	$83K	20x	as long as short
edgeX NVDAUSDC	+0.0202%	4h	226.42	+0.014%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.72	+0.146%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0280%	8h	226.42	+0.013%	$711K	$196K	20x	as long as short
Extended NVDA_24_5-USD	+0.0296%	1h	226.20	−0.084%	$646K	$878K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0856%	1h	226.30	−0.040%	$53K	$1.9M	10x	as long as short