Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.013%

Price spread now: Extended against SunX+0.139%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$800.798% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 3 days (all we have)−0.048%−$5 · spread now +0.139%, 7d avg +0.070%

Together, before fees+0.058%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.068% dearer against SunX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	226.93	0	get 0.0000% / 8h	46m 21s	$2K	$4.0M	20x
Short	Extended NVDA_24_5-USD	227.25	0.0048	get 0.0006% / 1h	46m 21s	$536K	$446K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.139%Rate

Funding earned: $10.08
Price spread: +0.139% → +0.070%: $6.84
Slippage, 4 orders: −$66.83
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$62.9
Costs to cover: 0.798%
Break-even: 50.7 days

Slippage from SunX: live order book, 12 min ago; Extended: live order book, 32 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, 12 min ago	22.00 bp	43.6 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 32 min ago	0.22 bp	5.8 bp −$6	19.1 bp −$191	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	227.42	+0.216%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.46	+0.234%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.44	+0.225%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.38	+0.198%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.46	+0.232%	$3.5M	$2.1M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.48	+0.242%	$20K	$427K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	226.93	long leg	$2K	$4.0M	20x
HTX NVDA-USDT	0.0000%	8h	227.48	+0.242%	$198K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.54	+0.269%	$2.2M	$42K	10x	as long as short
Hotstuff NVDA-PERP	+0.0024%	1h	227.31	+0.167%	$35K	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0030%	1h	227.46	+0.236%	$118K	$55K	10x	as long as short
Binance NVDAUSDT	+0.0041%	8h	227.48	+0.241%	$156.3M	$220.1M	50x	as long as short
Bitget NVDAUSDT	+0.0043%	8h	227.50	+0.251%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.49	+0.247%	—	$74K	25x	as long as short
Extended NVDA_24_5-USDshort	+0.0048%	1h	227.25	+0.139%	$536K	$446K	10x
tradeXYZ xyz:NVDA	+0.0050%	1h	227.31	+0.167%	$147.3M	$48.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.34	+0.181%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.31	+0.167%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.26	+0.145%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.45	+0.229%	$1.6M	$11.4M	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.45	+0.231%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	+0.035%	$1.3M	$862K	10x	as long as short
Nado NVDA-PERP	+0.0098%	1h	227.28	+0.155%	$483K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.29	+0.159%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.256%	$1.6M	$746K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.31	+0.167%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.44	+0.225%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.34	+0.181%	$93K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.29	+0.159%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0160%	8h	227.48	+0.242%	$671K	$204K	20x	as long as short
edgeX NVDAUSDC	+0.0183%	4h	227.45	+0.228%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.73	+0.353%	$73K	$135	30x	as long as short
Lighter NVDA	+0.0248%	1h	227.48	+0.244%	$2.1M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0256%	1h	227.60	+0.295%	$5.1M	$7.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0410%	1h	227.41	+0.212%	$49K	$1.4M	10x	as long as short