Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.016%

Price spread now: QFEX against Binance−0.041%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 2 days (all we have)−0.048%−$5 · spread now −0.041%, 7d avg −0.021%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	227.55	0.0008	pay 0.0008% / 8h	1h 29m	$156.3M	$220.8M	50x
Short	QFEX NVDA-USD	227.46	0.0041	get 0.0005% / 1h	29m 10s	$1.6M	$11.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $6.92
Price spread: −0.041% → −0.021%: −$1.95
Slippage, 4 orders: −$3.52
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$18.54
Costs to cover: 0.235%
Break-even: 25.7 days

Slippage from Binance: live order book, 14 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 Binance live order book, 14 min ago	0.22 bp	5.2 bp −$5	5.9 bp −$59	15.2 bp −$1,518	doesn't fit
Sell QFEX live order book, 5 min ago	1.54 bp	6.5 bp −$7	6.8 bp −$68	10.5 bp −$1,053	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	−0.0040%	1h	227.30	−0.111%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.49	−0.027%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.51	−0.019%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	−0.019%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.46	−0.041%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.46	−0.042%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.46	−0.042%	$20K	$441K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.07	−0.212%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	−0.062%	$202K	$521K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.54	−0.005%	$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 NVDAUSDTlong	+0.0008%	8h	227.55	long leg	$156.3M	$220.8M	50x
Aftermath Perps NVDAUSD	+0.0012%	1h	227.39	−0.070%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0022%	8h	227.58	+0.012%	$15.6M	$17.8M	100x	as long as short
BloFin NVDA-USDT	+0.0030%	8h	227.48	−0.032%	$713K	$204K	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.31	−0.104%	$536K	$442K	10x	as long as short
QFEX NVDA-USDshort	+0.0041%	1h	227.46	−0.041%	$1.6M	$11.4M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.52	−0.014%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.35	−0.089%	$147.3M	$49.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	−0.076%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.34	−0.093%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.111%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.34	−0.093%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.53	−0.011%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.33	−0.096%	$484K	$227K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.238%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.30	−0.112%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.48	−0.032%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.33	−0.098%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.49	−0.027%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.64	+0.039%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.53	−0.011%	$2.1M	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.42	−0.058%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.08	+0.232%	$73K	$137	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.35	−0.089%	$400K	$723K	20x	as long as short
edgeX NVDAUSDC	+0.0521%	4h	227.48	−0.033%	$170K	$1.9M	20x	as long as short