Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.013%

Price spread now: OKX against Pacifica+0.087%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.087%, 7d avg +0.056%

Together, before fees−0.042%+ Points / potential airdropPacifica: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.031% dearer against Pacifica than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of +0.056%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.027% in total) that is about 8.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	226.47	0.0100	pay 0.0013% / 1h	2m 59s	$297K	$48K	10x
Short	OKX NVDA-USDT-SWAP	226.67	0	get 0.0000% / 8h	2h 02m	$14.2M	$20.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$21
Price spread: +0.087% → +0.056%: $3.15
Slippage, 4 orders: −$13.27
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$49.12
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Pacifica: live order book, 45 min ago; OKX: live order book, 1 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, 45 min ago	1.54 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.22 bp	5.2 bp −$5	7.1 bp −$71	16.3 bp −$1,631	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	226.59	+0.054%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.65	+0.078%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAPshort	0.0000%	8h	226.67	+0.087%	$14.2M	$20.5M	50x
Gate NVDA_USDT	0.0000%	8h	226.65	+0.078%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.69	+0.096%	$15.3M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.82	+0.153%	$21K	$417K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.39	−0.036%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.71	+0.105%	$198K	$456K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.77	+0.131%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0009%	8h	226.76	+0.125%	$3.6M	$2.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0010%	1h	226.56	+0.039%	$117K	$52K	10x	as long as short
Hotstuff NVDA-PERP	+0.0032%	1h	226.58	+0.047%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.64	+0.074%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.61	+0.061%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.75	+0.123%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.52	+0.021%	$147.2M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.59	+0.052%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.53	+0.025%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	+0.039%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0072%	1h	226.64	+0.073%	$2.1M	$3.4M	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	226.71	+0.105%	$154.6M	$219.1M	50x	as long as short
Nado NVDA-PERP	+0.0085%	1h	226.52	+0.019%	$482K	$226K	20x	as long as short
Pacifica NVDAlong	+0.0100%	1h	226.47	long leg	$297K	$48K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	226.70	+0.100%	$1.6M	$744K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.59	+0.052%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.63	+0.070%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.64	+0.074%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.65	+0.078%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	226.75	+0.123%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.081%	$1.3M	$789K	10x	as long as short
BloFin NVDA-USDT	+0.0201%	8h	226.71	+0.105%	$710K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.95	+0.211%	$73K	$140	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0236%	1h	226.58	+0.047%	$53K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0368%	1h	226.45	−0.010%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0414%	4h	226.75	+0.121%	$171K	$1.9M	20x	as long as short