Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h +0.048%

Price spread now: Deribit against SunX+0.167%7-day average +0.088% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$790.789% of the position

Long on SunX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.169%+$17 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.167%, 7d avg +0.088%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.079% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	227.50	0	get 0.0000% / 8h	7h 04m	$2K	$3.8M	20x
Short	Deribit NVDA_USDC-PERPETUAL	227.88	0.0145	get 0.0018% / 1h	4m 20s	$49K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SunX. 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 SunXbpFee DeribitbpOrdersPrice spread, now +0.167%Rate

Funding earned: $30.47
Price spread: +0.167% → +0.088%: $7.87
Slippage, 4 orders: −$63.85
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$40.51
Costs to cover: 0.789%
Break-even: 16.3 days

Slippage from SunX: live order book, 4 min ago; Deribit: live order book, 5 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 SunX live order book, 4 min ago	21.95 bp	38.0 bp −$38	67.5 bp −$675	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	3.51 bp	7.4 bp −$7	7.9 bp −$79	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
Aster NVDAUSDT	0.0000%	8h	227.76	+0.114%	$484K	$582K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.93	+0.189%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.91	+0.180%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.87	+0.163%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	227.50	long leg	$2K	$3.8M	20x
HTX NVDA-USDT	0.0000%	8h	227.96	+0.202%	$198K	$508K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.96	+0.202%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.80	+0.132%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	227.92	+0.186%	$3.5M	$1.9M	—	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.75	+0.110%	$524K	$469K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0032%	1h	227.79	+0.127%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.75	+0.110%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.93	+0.189%	$1.5M	$10.9M	10x	as long as short
Bitget NVDAUSDT	+0.0044%	8h	227.97	+0.207%	$15.4M	$16.9M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	228.01	+0.224%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.80	+0.132%	$147.9M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.88	+0.167%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.80	+0.132%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.73	+0.101%	$1.5M	$2.1M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.018%	$1.3M	$800K	10x	as long as short
Binance NVDAUSDT	+0.0085%	8h	227.93	+0.189%	$156.5M	$217.1M	50x	as long as short
Nado NVDA-PERP	+0.0087%	1h	227.80	+0.133%	$484K	$229K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.77	+0.117%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.71	+0.092%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.93	+0.189%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.92	+0.183%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.83	+0.145%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0145%	8h	227.93	+0.189%	$1.6M	$735K	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0145%	1h	227.88	+0.167%	$49K	$1.5M	10x
Lighter NVDA	+0.0152%	1h	227.95	+0.197%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.07	+0.251%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0165%	8h	227.91	+0.178%	$21K	$393K	10x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	227.94	+0.193%	$719K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.308%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0504%	4h	227.92	+0.183%	$170K	$1.9M	20x	as long as short