Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.017%

Price spread now: Bitget against Phoenix+0.097%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bitget is 0.097% dearer against Phoenix than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.072% in total) that is about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NVDA	227.26	0.0106	pay 0.0013% / 1h	55m 23s	$93K	$82K	20x
Short	Bitget NVDAUSDT	227.48	0	get 0.0000% / 8h	5h 55m	$15.6M	$16.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phoenix. 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 PhoenixbpFee BitgetbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$22.22
Price spread: +0.097% → 0.000%: $9.68
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.54
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Bitget: live order book, 1 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 Phoenix no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	0.22 bp	7.4 bp −$7	11.4 bp −$114	doesn't fit	doesn't fit

Phoenix: 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 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	225.99	−0.559%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.45	+0.084%	$12.8M	$15.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.45	+0.084%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.35	+0.040%	$7.2M	$9.1M	100x	as long as short
Bitget NVDAUSDTshort	0.0000%	8h	227.48	+0.097%	$15.6M	$16.1M	100x
SunX NVDA-USDT	0.0000%	8h	226.95	−0.136%	$3K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.27	+0.004%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.46	+0.088%	$199K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.42	+0.070%	$2.2M	$41K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0011%	8h	227.39	+0.057%	$20K	$432K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0013%	1h	227.25	−0.003%	$118K	$52K	10x	as long as short
Lighter NVDA	+0.0032%	1h	227.37	+0.047%	$2.1M	$3.1M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.25	−0.004%	$613K	$940K	10x	as long as short
Aster NVDAUSDT	+0.0037%	8h	227.27	+0.003%	$483K	$566K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.38	+0.053%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.54	+0.123%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.29	+0.013%	$148.7M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.33	+0.031%	$393K	$241K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.30	+0.018%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.08	−0.079%	$1.5M	$1.9M	15x	as long as short
Lighter RH NVDA	+0.0064%	1h	227.53	+0.119%	$5.1M	$7.1M	20x	as long as short
Nado NVDA-PERP	+0.0087%	1h	227.31	+0.022%	$478K	$210K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.26	−0.002%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.22	−0.018%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.38	+0.053%	$36K	$19K	20x	as long as short
Phoenix NVDAlong	+0.0106%	1h	227.26	long leg	$93K	$82K	20x
Variational Omni NVDA	+0.0110%	8h	227.33	+0.029%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	227.35	+0.041%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0129%	8h	227.33	+0.031%	$1.6M	$1.3M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.45	−0.356%	$1.3M	$657K	10x	as long as short
Binance NVDAUSDT	+0.0163%	8h	227.46	+0.088%	$156.0M	$224.7M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.53	+0.119%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0282%	8h	227.40	+0.062%	$726K	$203K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.37	+0.048%	$384K	$704K	20x	as long as short
edgeX NVDAUSDC	+0.0597%	4h	227.32	+0.027%	$171K	$1.9M	20x	as long as short