Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.007%

Price spread now: QFEX against Aster+0.015%7-day average −0.017% · 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−$21as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.015%, 7d avg −0.017%

Together, before fees−0.127%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.032% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NVDAUSDT	226.32	0.0073	pay 0.0073% / 8h	7h 58m	$482K	$530K	20x
Short	QFEX NVDA-USD	226.35	0.0064	get 0.0008% / 1h	58m 57s	$1.3M	$9.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$1.88
Price spread: +0.015% → −0.017%: $3.17
Slippage, 4 orders: −$6.14
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$22.85
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Aster: live order book, 39 min ago; QFEX: 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 Aster live order book, 39 min ago	0.44 bp	5.3 bp −$5	8.7 bp −$87	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.99 bp	7.0 bp −$7	7.0 bp −$70	11.5 bp −$1,155	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
Bybit NVDAUSDT	0.0000%	8h	226.39	+0.032%	$12.5M	$14.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.44	+0.055%	$14.1M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.29	−0.012%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.45	+0.059%	$15.8M	$16.4M	100x	as long as short
Nado NVDA-PERP	0.0000%	1h	226.18	−0.059%	$480K	$223K	20x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.85	−0.206%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.21	−0.047%	$198K	$438K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.58	+0.116%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.14	−0.076%	$117K	$51K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.23	−0.038%	$392K	$738K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NVDA-USD-PERP	+0.0046%	1h	226.42	+0.046%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	226.21	−0.047%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.25	−0.029%	$146.9M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.24	−0.034%	$391K	$247K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.15	−0.074%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.10	−0.096%	$1.6M	$1.9M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0058%	8h	226.32	+0.001%	$22K	$423K	10x	as long as short
QFEX NVDA-USDshort	+0.0064%	1h	226.35	+0.015%	$1.3M	$9.0M	10x
Aster NVDAUSDTlong	+0.0073%	8h	226.32	long leg	$482K	$530K	20x
Variational Omni NVDA	+0.0099%	8h	226.31	−0.001%	$3.5M	$2.3M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.10	−0.096%	$297K	$48K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.17	−0.065%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.39	+0.032%	$36K	$21K	20x	as long as short
KuCoin NVDAUSDTM	+0.0113%	8h	226.37	+0.024%	$1.6M	$858K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.41	+0.042%	—	—	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	226.48	+0.072%	$5.1M	$6.8M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.23	−0.038%	$1.3M	$696K	10x	as long as short
Binance NVDAUSDT	+0.0160%	8h	226.45	+0.058%	$155.4M	$220.5M	50x	as long as short
Lighter NVDA	+0.0168%	1h	226.32	+0.001%	$2.1M	$3.2M	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.36	+0.019%	$93K	$83K	20x	as long as short
edgeX NVDAUSDC	+0.0202%	4h	226.42	+0.046%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.72	+0.178%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0280%	8h	226.42	+0.046%	$711K	$196K	20x	as long as short
Extended NVDA_24_5-USD	+0.0296%	1h	226.19	−0.054%	$646K	$878K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0856%	1h	226.30	−0.007%	$53K	$1.9M	10x	as long as short