Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0214%/8h= +23.4% APRpaid last 24h +0.037%

Price spread now: BloFin against Pacifica+0.068%94s7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.314% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.068%, 7d avg +0.060%

Together, before fees+0.026%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.128% in total (about 6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	227.56	0.0100	pay 0.0013% / 1h	5m 36s	$299K	$50K	10x
Short	BloFin NVDA-USDT	227.71	0.0314	get 0.0314% / 8h	5h 05m	$737K	$202K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Pacifica. 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 PacificabpFee BloFinbpOrdersPrice spread, now +0.068%Rate

Funding earned: $44.84
Price spread: +0.068% → +0.060%: $0.79
Slippage, 4 orders: −$11.44
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $14.19
Costs to cover: 0.314%
Break-even: 4.8 days

Slippage from Pacifica: live order book, 41 min ago; BloFin: live order book, 39 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 Pacifica live order book, 41 min ago	2.86 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 39 min ago	0.66 bp	6.7 bp −$7	6.9 bp −$69	13.5 bp −$1,355	doesn't fit

NVDA on 35 exchanges

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	−0.1600%	1h	227.50	−0.024%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.74	+0.081%	$12.7M	$16.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.71	+0.068%	$14.5M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.66	+0.046%	$7.2M	$9.3M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.75	+0.086%	$15.7M	$15.8M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.31	−0.108%	$2K	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.55	−0.002%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.51	−0.020%	$199K	$399K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.69	+0.059%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.43	−0.056%	$117K	$52K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	227.67	+0.049%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.53	−0.013%	$610K	$930K	10x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.62	+0.028%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.79	+0.103%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.60	+0.020%	$149.4M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.59	+0.015%	$392K	$212K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.58	+0.011%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.081%	$1.5M	$2.0M	15x	as long as short
Aster NVDAUSDT	+0.0055%	8h	227.62	+0.028%	$484K	$565K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0079%	8h	227.64	+0.037%	$20K	$418K	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.56	+0.001%	$479K	$208K	20x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.83	+0.121%	$5.3M	$7.2M	20x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.56	long leg	$299K	$50K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.53	−0.011%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.64	+0.037%	$36K	$19K	20x	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.66	+0.047%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	227.41	−0.064%	$1.3M	$672K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.55	−0.002%	$94K	$82K	20x	as long as short
Variational Omni NVDA	+0.0144%	8h	227.62	+0.030%	$3.3M	$2.4M	—	as long as short
KuCoin NVDAUSDTM	+0.0155%	8h	227.66	+0.046%	$1.6M	$1.5M	20x	as long as short
Binance NVDAUSDT	+0.0192%	8h	227.71	+0.068%	$155.8M	$224.8M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.74	+0.081%	$73K	$140	30x	as long as short
BloFin NVDA-USDTshort	+0.0314%	8h	227.71	+0.068%	$737K	$202K	20x
Arcus NVDA-USD	+0.0320%	1h	227.60	+0.020%	$384K	$705K	20x	as long as short
edgeX NVDAUSDC	+0.0818%	4h	227.59	+0.013%	$171K	$1.9M	20x	as long as short