Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.002%

Price spread now: OKX against Polymarket Perps+0.026%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

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

costs, in and out, $10k−$230.232% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days+0.032%+$3 · spread now +0.026%, 7d avg +0.073%

Together, before fees+0.076%+$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 OKX is 0.047% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NVDA-USD	226.67	0.0050	pay 0.0006% / 1h	7m 26s	$400K	$276K	10x
Short	OKX NVDA-USDT-SWAP	226.73	0	get 0.0000% / 8h	3h 07m	$14.3M	$20.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$10.5
Price spread: +0.026% → +0.073%: −$4.68
Slippage, 4 orders: −$5.25
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$38.43
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from Polymarket Perps: 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 Polymarket Perps live order book, 45 min ago	0.44 bp	4.9 bp −$5	5.8 bp −$58	7.1 bp −$711	doesn't fit
Sell OKX live order book, 1 min ago	0.22 bp	5.4 bp −$5	7.3 bp −$73	17.6 bp −$1,756	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	226.70	+0.013%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAPshort	0.0000%	8h	226.73	+0.026%	$14.3M	$20.5M	50x
Gate NVDA_USDT	0.0000%	8h	226.71	+0.018%	$7.3M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.78	+0.049%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.86	+0.084%	$21K	$403K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.40	−0.119%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.87	+0.088%	$198K	$465K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.94	+0.119%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0001%	8h	226.71	+0.018%	$483K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	226.70	+0.011%	$117K	$52K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0022%	8h	226.80	+0.059%	$3.6M	$2.2M	—	as long as short
edgeX NVDAUSDC	+0.0028%	4h	226.82	+0.065%	$170K	$1.9M	20x	as long as short
Lighter NVDA	+0.0032%	1h	226.72	+0.022%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.74	+0.031%	$398K	$733K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.73	+0.026%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.83	+0.071%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.56	−0.049%	$147.2M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USDlong	+0.0050%	1h	226.67	long leg	$400K	$276K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.64	−0.013%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	−0.049%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	226.61	−0.026%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0060%	1h	226.64	−0.013%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0087%	8h	226.73	+0.027%	$155.2M	$216.7M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.66	−0.005%	$297K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.72	+0.022%	$1.6M	$731K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.70	+0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.75	+0.035%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.73	+0.026%	$49K	$1.7M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.77	+0.046%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.88	+0.093%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.66	−0.004%	$1.3M	$781K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	226.72	+0.022%	$93K	$112K	20x	as long as short
Extended NVDA_24_5-USD	+0.0208%	1h	226.57	−0.042%	$670K	$765K	10x	as long as short
BloFin NVDA-USDT	+0.0209%	8h	226.84	+0.075%	$718K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.32	+0.287%	$73K	$139	30x	as long as short