Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against SunX+0.119%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

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

costs, in and out, $10k−$760.762% of the position

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.119%, 7d avg +0.084%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.035% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	226.64	0	get 0.0000% / 8h	2h 49m	$2K	$3.7M	20x
Short	Polymarket Perps NVDA-USD	226.91	0.0050	get 0.0006% / 1h	49m 59s	$399K	$277K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.119%Rate

Funding earned: $10.5
Price spread: +0.119% → +0.084%: $3.54
Slippage, 4 orders: −$60.21
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$62.17
Costs to cover: 0.762%
Break-even: 48.4 days

Slippage from SunX: live order book, 8 min ago; Polymarket Perps: live order book, 62 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, 8 min ago	22.06 bp	38.2 bp −$38	67.5 bp −$675	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 62 min ago	0.44 bp	7.1 bp −$7	8.6 bp −$86	9.5 bp −$951	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	226.88	+0.107%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.92	+0.124%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.92	+0.124%	$14.3M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.89	+0.110%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.96	+0.141%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.91	+0.119%	$21K	$409K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	226.64	long leg	$2K	$3.7M	20x
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.86	+0.097%	$51K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.01	+0.163%	$198K	$462K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.95	+0.137%	$2.2M	$43K	10x	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	+0.0007%	1h	226.72	+0.036%	$117K	$53K	10x	as long as short
Variational Omni NVDA	+0.0009%	8h	226.94	+0.130%	$3.6M	$2.1M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.90	+0.115%	$2.1M	$3.3M	20x	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	226.80	+0.071%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.83	+0.084%	$398K	$729K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.97	+0.146%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.08	+0.194%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.79	+0.066%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	226.91	+0.119%	$399K	$277K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.80	+0.071%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.75	+0.049%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0056%	1h	226.86	+0.098%	$482K	$226K	20x	as long as short
edgeX NVDAUSDC	+0.0063%	4h	226.87	+0.102%	$170K	$1.9M	20x	as long as short
Binance NVDAUSDT	+0.0082%	8h	226.96	+0.141%	$155.2M	$217.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.83	+0.082%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.89	+0.110%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.81	+0.075%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.92	+0.124%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.92	+0.125%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.74	+0.044%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	227.07	+0.190%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.63	−0.004%	$1.3M	$781K	10x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	226.97	+0.146%	$718K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.212%	$73K	$136	30x	as long as short
Extended NVDA_24_5-USD	+0.0248%	1h	226.76	+0.055%	$668K	$767K	10x	as long as short