Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0218%/8h= +23.9% APRpaid last 24h +0.052%

Price spread now: BloFin against Polymarket Perps+0.102%7-day average +0.044% · you sell dearer than you buy

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

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.198%+$20 on $10k

Price spread, last 4 days (all we have)−0.300%−$30 · spread now +0.102%, 7d avg +0.044%

Together, before fees−0.102%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.058% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NVDA-USD	226.05	0.0050	pay 0.0006% / 1h	21m 11s	$390K	$240K	10x
Short	BloFin NVDA-USDT	226.28	0.0268	get 0.0268% / 8h	7h 21m	$715K	$200K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket Perps. 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 Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now +0.102%Rate

Funding earned: $45.79
Price spread: +0.102% → +0.044%: $5.79
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $31.57
Costs to cover: 0.200%
Break-even: 2.2 days

Slippage unknown: Polymarket Perps: live order book, 12 min ago; BloFin: live order book, 55 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 Polymarket Perps live order book, 12 min ago	561.80 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 55 min ago	0.22 bp	6.2 bp −$6	6.5 bp −$65	13.3 bp −$1,328	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
Hotstuff NVDA-PERP	−0.0104%	1h	226.04	−0.004%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.21	+0.071%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.24	+0.084%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.18	+0.058%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.29	+0.106%	$15.8M	$15.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.22	+0.074%	$21K	$431K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.94	−0.049%	$2K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.28	+0.102%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.43	+0.168%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	225.98	−0.030%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.11	+0.026%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	225.99	−0.025%	$640K	$874K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.14	+0.040%	$392K	$739K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.30	+0.111%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.05	0.000%	$146.8M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USDlong	+0.0050%	1h	226.05	long leg	$390K	$240K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.08	+0.013%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.01	−0.018%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0062%	1h	226.01	−0.019%	$480K	$222K	20x	as long as short
Aster NVDAUSDT	+0.0062%	8h	226.22	+0.073%	$483K	$544K	20x	as long as short
Lighter RH NVDA	+0.0064%	1h	226.28	+0.102%	$5.1M	$7.2M	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.20	+0.066%	$1.3M	$9.1M	10x	as long as short
Variational Omni NVDA	+0.0086%	8h	226.07	+0.009%	$3.2M	$2.5M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.02	−0.013%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.02	−0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.19	+0.062%	$36K	$20K	20x	as long as short
KuCoin NVDAUSDTM	+0.0103%	8h	226.22	+0.075%	$1.6M	$999K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.22	+0.076%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.00	−0.022%	$1.3M	$682K	10x	as long as short
Binance NVDAUSDT	+0.0148%	8h	226.26	+0.093%	$155.1M	$222.2M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.03	−0.009%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.217%	$73K	$138	30x	as long as short
BloFin NVDA-USDTshort	+0.0268%	8h	226.28	+0.102%	$715K	$200K	20x
Deribit NVDA_USDC-PERPETUAL	+0.0325%	1h	226.15	+0.044%	$53K	$1.9M	10x	as long as short
edgeX NVDAUSDC	+0.0643%	4h	226.20	+0.066%	$171K	$1.9M	20x	as long as short