Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0759%/8h= +83.1% APRpaid last 24h +0.078%

Price spread now: edgeX against Coinbase International+0.140%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs+$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.738%+$74 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.140%, 7d avg +0.060%

Together, before fees+0.728%+ Points / potential airdropedgeX: Active · farm board+$73 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and edgeX is 0.080% dearer against Coinbase International than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	226.09	0.0120	pay 0.0015% / 1h	39m 11s	$1.3M	$699K	10x
Short	edgeX NVDAUSDC	226.41	0.0879	get 0.0440% / 4h	39m 11s	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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 Coinbase InternationalbpFee edgeXbpOrdersPrice spread, now +0.140%Rate

Funding earned: $159.42
Price spread: +0.140% → +0.060%: $8.04
Slippage, 4 orders: −$11.22
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $137.25
Costs to cover: 0.302%
Break-even: 1.0 days

Slippage from Coinbase International: live order book, 4 min ago; edgeX: 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 Coinbase International live order book, 4 min ago	0.22 bp	7.2 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	3.53 bp	8.3 bp −$8	13.4 bp −$134	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 NVDAUSDT	0.0000%	8h	226.34	+0.111%	$12.4M	$14.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.33	+0.106%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.29	+0.088%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.41	+0.142%	$15.8M	$16.6M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.98	−0.049%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.39	+0.133%	$198K	$445K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.61	+0.230%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0018%	1h	226.16	+0.032%	$117K	$51K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0020%	8h	226.43	+0.149%	$22K	$428K	10x	as long as short
Hotstuff NVDA-PERP	+0.0032%	1h	226.26	+0.075%	$35K	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0035%	8h	226.37	+0.124%	$482K	$530K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.31	+0.097%	$392K	$740K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.40	+0.137%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.22	+0.057%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.24	+0.066%	$1.6M	$1.9M	15x	as long as short
Variational Omni NVDA	+0.0057%	8h	226.39	+0.133%	$3.5M	$2.3M	—	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.33	+0.106%	$1.3M	$9.0M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0098%	1h	226.21	+0.053%	$146.9M	$43.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0100%	1h	226.31	+0.097%	$391K	$247K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.18	+0.040%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.38	+0.128%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.19	+0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.32	+0.102%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	226.34	+0.112%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0120%	1h	226.09	long leg	$1.3M	$699K	10x
Binance NVDAUSDT	+0.0121%	8h	226.35	+0.114%	$154.4M	$218.3M	50x	as long as short
Phoenix NVDA	+0.0177%	1h	226.33	+0.106%	$93K	$83K	20x	as long as short
Nado NVDA-PERP	+0.0183%	1h	226.19	+0.045%	$480K	$223K	20x	as long as short
Lighter NVDA	+0.0184%	1h	226.30	+0.093%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.00	+0.402%	$73K	$137	30x	as long as short
Lighter RH NVDA	+0.0240%	1h	226.46	+0.164%	$5.1M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0241%	8h	226.39	+0.133%	$710K	$195K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0325%	1h	226.25	+0.071%	$53K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0352%	1h	226.07	−0.007%	$644K	$875K	10x	as long as short
edgeX NVDAUSDCshort	+0.0879%	4h	226.41	+0.140%	$170K	$1.9M	20x