Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against Pacifica+0.028%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.028%, 7d avg +0.031%

Together, before fees−0.303%+ Points / potential airdropPacifica: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	227.21	0.0100	pay 0.0013% / 1h	26m 27s	$298K	$60K	10x
Short	Gate NVDA_USDT	227.27	0	get 0.0000% / 8h	26m 27s	$7.2M	$9.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.028%Rate

Funding earned: −$21
Price spread: +0.028% → +0.031%: −$0.29
Slippage, 4 orders: −$16.89
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$61.18
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from Pacifica: live order book, 52 min ago; Gate: live order book, 2 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, 52 min ago	1.76 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.66 bp	10.5 bp −$11	18.5 bp −$185	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	227.36	+0.066%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.33	+0.055%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.30	+0.042%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDTshort	0.0000%	8h	227.27	+0.028%	$7.2M	$9.7M	100x
Variational Omni NVDA	0.0000%	8h	227.42	+0.094%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.47	+0.118%	$20K	$415K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.80	−0.178%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.121%	$198K	$522K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.33	+0.055%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0029%	1h	227.21	+0.002%	$118K	$56K	10x	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	227.19	−0.009%	$536K	$446K	10x	as long as short
Bitget NVDAUSDT	+0.0038%	8h	227.36	+0.068%	$15.5M	$17.7M	100x	as long as short
Binance NVDAUSDT	+0.0042%	8h	227.35	+0.064%	$156.2M	$220.1M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.41	+0.090%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.23	+0.011%	$147.8M	$48.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.27	+0.028%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.16	−0.020%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.10	−0.046%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.36	+0.068%	$1.6M	$11.5M	10x	as long as short
Nado NVDA-PERP	+0.0071%	1h	227.22	+0.007%	$483K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.31	+0.046%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.086%	$1.3M	$845K	10x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.21	long leg	$298K	$60K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	227.44	+0.103%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.27	+0.028%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.28	+0.033%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.25	+0.020%	$93K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.18	−0.011%	$399K	$724K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.26	+0.024%	$49K	$1.4M	10x	as long as short
Hotstuff NVDA-PERP	+0.0152%	1h	227.20	−0.002%	$35K	—	20x	as long as short
BloFin NVDA-USDT	+0.0162%	8h	227.38	+0.077%	$718K	$204K	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.48	+0.121%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.73	+0.231%	$73K	$137	30x	as long as short
Lighter NVDA	+0.0224%	1h	227.37	+0.074%	$2.1M	$3.3M	20x	as long as short
edgeX NVDAUSDC	+0.0283%	4h	227.31	+0.045%	$170K	$1.9M	20x	as long as short