Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0796%/8h= −87.1% APRpaid last 24h −0.073%

Price spread now: Bitget against edgeX−0.014%7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.736%−$74 on $10k

Price spread, last 7 days+0.083%+$8 · spread now −0.014%, 7d avg +0.058%

Together, before fees−0.653%+ Points / potential airdropedgeX: Active · farm board−$65 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Bitget is 0.072% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.058%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.88	0.0796	pay 0.0398% / 4h	2h 26m	$170K	$1.9M	20x
Short	Bitget NVDAUSDT	227.85	0	get 0.0000% / 8h	6h 26m	$15.4M	$16.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$167.09
Price spread: −0.014% → +0.058%: −$7.2
Slippage, 4 orders: −$10.27
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$205.57
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Bitget: 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 edgeX live order book, 2 min ago	3.51 bp	8.4 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.22 bp	7.5 bp −$7	10.9 bp −$109	doesn't fit	doesn't fit

NVDA on 34 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	227.80	−0.034%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.80	−0.036%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.82	−0.027%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.76	−0.054%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDTshort	0.0000%	8h	227.85	−0.014%	$15.4M	$16.3M	100x
SunX NVDA-USDT	0.0000%	8h	227.34	−0.238%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.88	−0.001%	$198K	$497K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.90	+0.008%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.61	−0.120%	$118K	$54K	10x	as long as short
Variational Omni NVDA	+0.0017%	8h	227.76	−0.054%	$3.5M	$1.9M	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0021%	8h	227.79	−0.039%	$20K	$385K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.66	−0.098%	$400K	$723K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.82	−0.027%	$1.5M	$10.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.93	+0.021%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.68	−0.089%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.68	−0.089%	$148.1M	$44.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.76	−0.054%	$402K	$280K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.68	−0.089%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.56	−0.142%	$1.5M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.185%	$1.3M	$787K	10x	as long as short
Nado NVDA-PERP	+0.0077%	1h	227.69	−0.085%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	227.84	−0.019%	$156.3M	$216.1M	50x	as long as short
Extended NVDA_24_5-USD	+0.0088%	1h	227.64	−0.106%	$689K	$714K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.68	−0.087%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.65	−0.102%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.80	−0.036%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.80	−0.035%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.74	−0.063%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.82	−0.029%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.84	−0.019%	$1.6M	$738K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.94	+0.025%	$5.1M	$7.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0145%	1h	227.74	−0.063%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.97	+0.038%	$73K	$137	30x	as long as short
edgeX NVDAUSDClong	+0.0796%	4h	227.88	long leg	$170K	$1.9M	20x