Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0465%/8h= −50.9% APRpaid last 24h −0.093%

Price spread now: Binance against edgeX−0.031%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.745%−$74 on $10k

Price spread, last 7 days+0.051%+$5 · spread now −0.031%, 7d avg +0.042%

Together, before fees−0.693%+ Points / potential airdropedgeX: Active · farm board−$69 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Binance is 0.073% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.74	0.0557	pay 0.0278% / 4h	1h 35m	$170K	$1.9M	20x
Short	Binance NVDAUSDT	227.67	0.0092	get 0.0092% / 8h	5h 35m	$156.2M	$215.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now −0.031%Rate

Funding earned: −$97.58
Price spread: −0.031% → +0.042%: −$7.27
Slippage, 4 orders: −$8.13
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$131.98
Costs to cover: 0.271%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Binance: live order book, 8 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 edgeX live order book, 4 min ago	3.51 bp	8.4 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.22 bp	5.2 bp −$5	5.7 bp −$57	18.6 bp −$1,865	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	227.62	−0.053%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.62	−0.053%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.58	−0.070%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.67	−0.031%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.75	+0.003%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.25	−0.215%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.009%	$198K	$479K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.68	−0.026%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0008%	8h	227.69	−0.022%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.50	−0.107%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0034%	8h	227.71	−0.013%	$3.5M	$2.1M	—	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	227.48	−0.114%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.72	−0.009%	$406K	$710K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.64	−0.044%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.72	−0.009%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.50	−0.105%	$148.0M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.58	−0.070%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.49	−0.110%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.45	−0.127%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.123%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDTshort	+0.0092%	8h	227.67	−0.031%	$156.2M	$215.2M	50x
Pacifica NVDA	+0.0100%	1h	227.46	−0.122%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	−0.075%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.61	−0.057%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.62	−0.054%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.63	−0.048%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0122%	1h	227.48	−0.116%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0132%	8h	227.68	−0.026%	$1.6M	$723K	20x	as long as short
Lighter NVDA	+0.0176%	1h	227.63	−0.048%	$2.2M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0212%	8h	227.66	−0.035%	$722K	$202K	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.75	+0.004%	$5.1M	$7.0M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.110%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USD	+0.0320%	1h	227.42	−0.141%	$689K	$716K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0366%	1h	227.59	−0.066%	$49K	$1.6M	10x	as long as short
edgeX NVDAUSDClong	+0.0557%	4h	227.74	long leg	$170K	$1.9M	20x