Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0520%/8h= +56.9% APRpaid last 24h +0.080%

Price spread now: edgeX against Bybit+0.037%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs+$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.895%+$90 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.037%, 7d avg −0.030%

Together, before fees+0.834%+ Points / potential airdropedgeX: Active · farm board+$83 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and edgeX is 0.068% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	226.30	0	get 0.0000% / 8h	7h 47m	$12.5M	$14.5M	100x
Short	edgeX NVDAUSDC	226.38	0.0520	get 0.0260% / 4h	3h 47m	$171K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $109.14
Price spread: +0.037% → −0.030%: $6.75
Slippage, 4 orders: −$10.39
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $85.51
Costs to cover: 0.304%
Break-even: 1.5 days

Slippage from Bybit: 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 Bybit live order book, 1 min ago	0.22 bp	6.8 bp −$7	8.9 bp −$89	38.0 bp −$3,801	doesn't fit
Sell edgeX live order book, 2 min ago	3.53 bp	8.4 bp −$8	13.3 bp −$133	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
Bybit NVDAUSDTlong	0.0000%	8h	226.30	long leg	$12.5M	$14.5M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.36	+0.027%	$14.1M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.30	0.000%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.36	+0.027%	$15.8M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.07	−0.102%	$2K	$3.5M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.28	−0.009%	$53K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.45	+0.066%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.59	+0.128%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.21	−0.040%	$117K	$51K	10x	as long as short
Lighter NVDA	+0.0032%	1h	226.29	−0.002%	$2.1M	$3.2M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH NVDA	+0.0032%	1h	226.46	+0.071%	$5.1M	$6.9M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.35	+0.022%	$392K	$737K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.51	+0.093%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.19	−0.049%	$146.9M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.25	−0.022%	$391K	$242K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.23	−0.031%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.22	−0.035%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0053%	1h	226.33	+0.015%	$481K	$223K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0055%	8h	226.45	+0.066%	$21K	$428K	10x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.36	+0.027%	$1.3M	$9.1M	10x	as long as short
Aster NVDAUSDT	+0.0080%	8h	226.36	+0.026%	$482K	$538K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.25	−0.022%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.29	−0.004%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.37	+0.031%	$36K	$20K	20x	as long as short
Variational Omni NVDA	+0.0104%	8h	226.46	+0.070%	$3.3M	$2.5M	—	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	226.30	0.000%	$35K	—	20x	as long as short
KuCoin NVDAUSDTM	+0.0110%	8h	226.39	+0.040%	$1.6M	$898K	20x	as long as short
Extended NVDA_24_5-USD	+0.0112%	1h	226.20	−0.045%	$644K	$879K	10x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.35	+0.021%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.29	−0.004%	$1.3M	$696K	10x	as long as short
Binance NVDAUSDT	+0.0166%	8h	226.33	+0.013%	$155.1M	$220.8M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.19	−0.049%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.97	+0.296%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0286%	8h	226.36	+0.027%	$711K	$197K	20x	as long as short
edgeX NVDAUSDCshort	+0.0520%	4h	226.38	+0.037%	$171K	$1.9M	20x