Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0216%/8h= +23.6% APRpaid last 24h +0.090%

Price spread now: edgeX against Arcus+0.043%54s7-day average +0.087% · 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—prices read too far apart to compare

costs, in and out, $10k−$290.287% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.389%+$39 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now +0.043%, 7d avg +0.087%

Together, before fees+0.454%+ Points / potential airdropedgeX: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.044% cheaper against Arcus than usual: you would sell low and buy high (spread +0.043% now, against its 7-day average of +0.087%). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$6 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	227.38	0.0305	pay 0.0038% / 1h	28m 29s	$400K	$723K	20x
Short	edgeX NVDAUSDC	227.48	0.0521	get 0.0260% / 4h	1h 28m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now +0.043%Rate

Funding earned: $45.34
Price spread: +0.043% → +0.087%: −$4.39
Slippage, 4 orders: −$15.24
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $12.21
Costs to cover: 0.287%
Break-even: 5.1 days

Slippage from Arcus: live order book, 55 min ago; edgeX: live order book, just now.

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 Arcus live order book, 55 min ago	1.32 bp	6.7 bp −$7	7.5 bp −$75	doesn't fit	doesn't fit
Sell edgeX live order book, just now	3.30 bp	8.1 bp −$8	13.5 bp −$135	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
Hotstuff NVDA-PERP	−0.0048%	1h	227.37	−0.004%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.49	+0.048%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.53	+0.066%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.52	+0.062%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.48	+0.044%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.46	+0.034%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.46	+0.033%	$20K	$441K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.07	−0.136%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	+0.013%	$202K	$521K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.54	+0.070%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0009%	8h	227.58	+0.088%	$156.3M	$220.8M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.41	+0.012%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0023%	8h	227.58	+0.088%	$15.6M	$17.8M	100x	as long as short
BloFin NVDA-USDT	+0.0030%	8h	227.48	+0.044%	$713K	$204K	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.31	−0.030%	$536K	$445K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.53	+0.066%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.59	+0.092%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.40	+0.009%	$147.4M	$49.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.44	+0.026%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.34	−0.018%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.36	−0.009%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.34	−0.018%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.55	+0.073%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0088%	1h	227.37	−0.006%	$484K	$227K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.163%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.35	−0.013%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.50	+0.053%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.33	−0.022%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.52	+0.062%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.66	+0.123%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.55	+0.077%	$2.1M	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.42	+0.018%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.08	+0.308%	$73K	$137	30x	as long as short
Arcus NVDA-USDlong	+0.0305%	1h	227.38	long leg	$400K	$723K	20x
edgeX NVDAUSDCshort	+0.0521%	4h	227.48	+0.043%	$170K	$1.9M	20x