NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0087%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.024%

Price spread now: QFEX against Coinbase International−0.031%7-day average +0.056% · 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−$37as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.031%, 7d avg +0.056%

Together, before fees+0.096%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.087% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.056%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	227.53	0.0128	pay 0.0016% / 1h	51m 32s	$1.3M	$775K	10x
Short	QFEX NVDA-USD	227.46	0.0041	get 0.0005% / 1h	51m 32s	$1.3M	$9.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$18.35
Price spread: −0.031% → +0.056%: −$8.67
Slippage, 4 orders: −$8.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$55.69
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; QFEX: live order book, 7 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, 2 min ago	1.98 bp	8.1 bp −$8	9.8 bp −$98	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.32 bp	6.3 bp −$6	7.3 bp −$73	12.8 bp −$1,281	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	−0.0024%	1h	227.35	−0.079%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.50	−0.013%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	−0.026%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.44	−0.040%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.52	−0.004%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.53	0.000%	$20K	$390K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.10	−0.189%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.71	+0.079%	$198K	$466K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.55	+0.009%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.40	−0.055%	$118K	$53K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0020%	8h	227.48	−0.024%	$483K	$590K	20x	as long as short
Lighter NVDA	+0.0040%	1h	227.47	−0.028%	$2.2M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.45	−0.035%	$399K	$741K	20x	as long as short
QFEX NVDA-USDshort	+0.0041%	1h	227.46	−0.031%	$1.3M	$9.2M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.62	+0.040%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.35	−0.079%	$147.8M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.50	−0.013%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.36	−0.075%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.101%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0052%	1h	227.38	−0.064%	$484K	$228K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.43	−0.044%	$49K	$1.7M	10x	as long as short
Variational Omni NVDA	+0.0058%	8h	227.54	+0.002%	$3.6M	$2.2M	—	as long as short
Pacifica NVDA	+0.0100%	1h	227.37	−0.070%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.41	−0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.44	−0.040%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.49	−0.015%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0106%	8h	227.49	−0.015%	$156.0M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0113%	8h	227.50	−0.013%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0120%	1h	227.62	+0.040%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0128%	1h	227.53	long leg	$1.3M	$775K	10x
Phoenix NVDA	+0.0141%	1h	227.46	−0.031%	$94K	$112K	20x	as long as short
edgeX NVDAUSDC	+0.0174%	4h	227.50	−0.011%	$171K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.92	+0.171%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0227%	8h	227.54	+0.004%	$720K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0240%	1h	227.36	−0.075%	$675K	$777K	10x	as long as short