NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.035%

Price spread now: Deribit against Polymarket Perps−0.048%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.100%+$10 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.048%, 7d avg +0.008%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.057% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.008%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.100%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NVDA-USD	227.53	0.0050	pay 0.0006% / 1h	40m 14s	$401K	$276K	10x
Short	Deribit NVDA_USDC-PERPETUAL	227.42	0	get 0.0000% / 1h	40m 14s	$49K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$10.5
Price spread: −0.048% → +0.008%: −$5.67
Slippage, 4 orders: −$11.71
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$42.88
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 17 min ago; Deribit: live order book, 4 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 Polymarket Perps live order book, 17 min ago	2.20 bp	6.2 bp −$6	6.9 bp −$69	8.2 bp −$820	doesn't fit
Sell Deribit live order book, 4 min ago	3.30 bp	7.2 bp −$7	7.8 bp −$78	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
Bybit NVDAUSDT	0.0000%	8h	227.53	0.000%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	−0.009%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.47	−0.026%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.58	+0.022%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.11	−0.185%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	0.0000%	1h	227.42	−0.048%	$49K	$1.6M	10x
HTX NVDA-USDT	0.0000%	8h	227.64	+0.048%	$198K	$471K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.63	+0.044%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.42	−0.047%	$118K	$54K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.018%	$406K	$745K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0041%	8h	227.57	+0.019%	$483K	$590K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.70	+0.075%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.41	−0.053%	$147.7M	$43.8M	20x	as long as short
Polymarket Perps NVDA-USDlong	+0.0050%	1h	227.53	long leg	$401K	$276K	10x
SoDEX NVDA-USD	+0.0050%	1h	227.41	−0.053%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.101%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.46	−0.031%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0068%	8h	227.61	+0.035%	$20K	$388K	10x	as long as short
Variational Omni NVDA	+0.0073%	8h	227.50	−0.012%	$3.5M	$2.1M	—	as long as short
Lighter NVDA	+0.0080%	1h	227.49	−0.018%	$2.2M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0092%	1h	227.49	−0.016%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.46	−0.029%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.43	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	−0.013%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	0.000%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.52	−0.005%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0125%	8h	227.53	−0.001%	$156.5M	$216.2M	50x	as long as short
Phoenix NVDA	+0.0141%	1h	227.46	−0.031%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0147%	8h	227.58	+0.022%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0160%	1h	227.65	+0.053%	$5.1M	$7.1M	20x	as long as short
Hotstuff NVDA-PERP	+0.0208%	1h	227.43	−0.044%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.220%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0246%	8h	227.57	+0.018%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0456%	1h	227.41	−0.053%	$685K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0515%	4h	227.55	+0.007%	$170K	$1.9M	20x	as long as short