Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.038%

Price spread now: QFEX against BloFin−0.022%7-day average −0.014% · 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−$27as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.052%−$5 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.022%, 7d avg −0.014%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NVDA-USDT	226.45	0.0204	pay 0.0204% / 8h	1h 55m	$714K	$194K	20x
Short	QFEX NVDA-USD	226.40	0.0056	get 0.0007% / 1h	55m 10s	$1.3M	$9.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against BloFin. 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 BloFinbpFee QFEXbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$30.94
Price spread: −0.022% → −0.014%: −$0.85
Slippage, 4 orders: −$3.98
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$57.76
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from BloFin: live order book, 31 min ago; QFEX: live order book, 4 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 BloFin live order book, 31 min ago	0.44 bp	6.4 bp −$6	6.8 bp −$68	12.1 bp −$1,212	doesn't fit
Sell QFEX live order book, 4 min ago	1.10 bp	6.1 bp −$6	6.1 bp −$61	11.1 bp −$1,110	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	226.52	+0.031%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.48	+0.013%	$12.4M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.46	+0.004%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.44	−0.004%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.51	+0.026%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.55	+0.045%	$21K	$416K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.12	−0.146%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.72	+0.119%	$198K	$455K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.65	+0.088%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0012%	8h	226.43	−0.011%	$3.6M	$2.1M	—	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	+0.0012%	1h	226.39	−0.024%	$117K	$52K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.50	+0.022%	$398K	$734K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.54	+0.040%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.34	−0.049%	$147.0M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.39	−0.026%	$398K	$279K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.30	−0.066%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.48	+0.013%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USDshort	+0.0056%	1h	226.40	−0.022%	$1.3M	$9.1M	10x
Hotstuff NVDA-PERP	+0.0064%	1h	226.50	+0.022%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0084%	8h	226.49	+0.018%	$154.4M	$219.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.28	−0.073%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.50	+0.022%	$1.6M	$746K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.34	−0.049%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.44	−0.004%	$36K	$21K	20x	as long as short
Lighter NVDA	+0.0104%	1h	226.46	+0.004%	$2.1M	$3.3M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.45	−0.002%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.58	+0.057%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.071%	$1.3M	$789K	10x	as long as short
Nado NVDA-PERP	+0.0150%	1h	226.27	−0.081%	$481K	$226K	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	226.60	+0.066%	$5.0M	$6.9M	20x	as long as short
BloFin NVDA-USDTlong	+0.0204%	8h	226.45	long leg	$714K	$194K	20x
Injective NVDA/USDC PERP	+0.0220%	1h	226.74	+0.128%	$73K	$136	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0236%	1h	226.41	−0.018%	$52K	$1.8M	10x	as long as short
edgeX NVDAUSDC	+0.0318%	4h	226.63	+0.079%	$170K	$1.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0408%	1h	226.26	−0.084%	$668K	$767K	10x	as long as short