Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0102%/8h= +11.1% APRpaid last 24h +0.047%

Price spread now: edgeX against Binance+0.060%80s7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs+$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.271% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.742%+$74 on $10k

Price spread, last 7 days−0.080%−$8 · spread now +0.060%, 7d avg −0.041%

Together, before fees+0.662%+ Points / potential airdropedgeX: Active · farm board+$66 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.100% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.041%. The two prices were read 80 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	Binance NVDAUSDT	226.57	0.0166	pay 0.0166% / 8h	6h 20m	$155.3M	$223.4M	50x
Short	edgeX NVDAUSDC	226.70	0.0268	get 0.0134% / 4h	2h 20m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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 BinancebpFee edgeXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $21.37
Price spread: +0.060% → −0.041%: $10.03
Slippage, 4 orders: −$8.15
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $4.25
Costs to cover: 0.271%
Break-even: 5.6 days

Slippage from Binance: live order book, 1 min ago; edgeX: live order book, 2 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 Binance live order book, 1 min ago	0.22 bp	5.2 bp −$5	5.7 bp −$57	16.3 bp −$1,635	doesn't fit
Sell edgeX live order book, 2 min ago	3.53 bp	8.3 bp −$8	13.3 bp −$133	doesn't fit	doesn't fit

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
Bybit NVDAUSDT	0.0000%	8h	226.56	−0.004%	$12.7M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.57	0.000%	$14.3M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.47	−0.044%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.61	+0.018%	$15.6M	$15.9M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.08	−0.216%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.40	−0.075%	$37K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.63	+0.027%	$198K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.68	+0.049%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	226.49	−0.035%	$117K	$51K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.41	−0.070%	$619K	$924K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0040%	8h	226.64	+0.031%	$21K	$430K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.69	+0.053%	—	$74K	25x	as long as short
QFEX NVDA-USD	+0.0047%	1h	226.52	−0.022%	$1.3M	$9.0M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.45	−0.053%	$147.7M	$45.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.47	−0.044%	$391K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.43	−0.062%	$59K	$17K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.30	−0.119%	$1.6M	$1.9M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	226.43	−0.062%	$35K	—	20x	as long as short
Aster NVDAUSDT	+0.0078%	8h	226.58	+0.005%	$484K	$565K	20x	as long as short
Lighter NVDA	+0.0080%	1h	226.51	−0.025%	$2.1M	$3.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.37	−0.088%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.55	−0.009%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.56	−0.004%	$36K	$19K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	226.57	0.000%	$93K	$83K	20x	as long as short
Nado NVDA-PERP	+0.0113%	1h	226.43	−0.062%	$478K	$209K	20x	as long as short
Variational Omni NVDA	+0.0114%	8h	226.54	−0.014%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.53	−0.018%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.45	−0.053%	$1.3M	$665K	10x	as long as short
KuCoin NVDAUSDTM	+0.0131%	8h	226.60	+0.013%	$1.6M	$1.2M	20x	as long as short
Binance NVDAUSDTlong	+0.0166%	8h	226.57	long leg	$155.3M	$223.4M	50x
Lighter RH NVDA	+0.0176%	1h	226.69	+0.053%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.08	+0.225%	$73K	$138	30x	as long as short
Arcus NVDA-USD	+0.0225%	1h	226.51	−0.026%	$383K	$703K	20x	as long as short
edgeX NVDAUSDCshort	+0.0268%	4h	226.70	+0.060%	$170K	$1.9M	20x
BloFin NVDA-USDT	+0.0287%	8h	226.60	+0.013%	$726K	$202K	20x	as long as short