Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against SunX+0.198%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.401%+$40 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.198% dearer against SunX than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	227.29	0	get 0.0000% / 8h	5h 06m	$2K	$3.3M	20x
Short	Injective NVDA/USDC PERP	227.74	0.0220	get 0.0028% / 1h	6m 46s	$73K	$140	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.198%Rate

Funding earned: $46.2
Price spread: +0.198% → 0.000%: $19.8
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $57.98
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 5 min ago; Injective: no order-book sample. 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 SunX live order book, 5 min ago	21.98 bp	38.1 bp −$38	67.6 bp −$676	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NVDA on 35 exchanges

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	−0.1600%	1h	227.50	+0.092%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.69	+0.176%	$12.7M	$16.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.66	+0.163%	$14.5M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.65	+0.158%	$7.2M	$9.3M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.74	+0.198%	$15.7M	$15.8M	100x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	227.29	long leg	$2K	$3.3M	20x
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.55	+0.114%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.51	+0.097%	$199K	$399K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.71	+0.185%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.41	+0.054%	$117K	$52K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	227.62	+0.143%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.52	+0.103%	$611K	$930K	10x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.59	+0.132%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.85	+0.246%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.54	+0.110%	$149.3M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.62	+0.145%	$392K	$212K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.57	+0.123%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	+0.035%	$1.5M	$2.0M	15x	as long as short
Aster NVDAUSDT	+0.0056%	8h	227.62	+0.145%	$484K	$565K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0079%	8h	227.64	+0.154%	$20K	$418K	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.59	+0.133%	$479K	$208K	20x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.77	+0.211%	$5.3M	$7.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.51	+0.095%	$299K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.53	+0.106%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.66	+0.163%	$36K	$19K	20x	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.65	+0.156%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	227.41	+0.053%	$1.3M	$672K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.55	+0.114%	$94K	$82K	20x	as long as short
Variational Omni NVDA	+0.0147%	8h	227.58	+0.127%	$3.3M	$2.4M	—	as long as short
KuCoin NVDAUSDTM	+0.0156%	8h	227.65	+0.158%	$1.6M	$1.5M	20x	as long as short
Binance NVDAUSDT	+0.0192%	8h	227.65	+0.158%	$155.7M	$224.8M	50x	as long as short
Injective NVDA/USDC PERPshort	+0.0220%	1h	227.74	+0.198%	$73K	$140	30x
BloFin NVDA-USDT	+0.0314%	8h	227.71	+0.185%	$737K	$202K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.59	+0.132%	$384K	$705K	20x	as long as short
edgeX NVDAUSDC	+0.0818%	4h	227.59	+0.130%	$171K	$1.9M	20x	as long as short