Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0562%/8h= −61.5% APRpaid last 24h −0.087%

Price spread now: Coinbase International against edgeX−0.007%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.728%−$73 on $10k

Price spread, last 4 days (all we have)−0.175%−$18 · spread now −0.007%, 7d avg −0.058%

Together, before fees−0.904%+ Points / potential airdropedgeX: Active · farm board−$90 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.051% dearer against edgeX than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.058%): +$5 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.55	0.0666	pay 0.0333% / 4h	44m 36s	$170K	$1.9M	20x
Short	Coinbase International NVDA-PERP-INTX	227.53	0.0104	get 0.0013% / 1h	44m 36s	$1.3M	$775K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$117.98
Price spread: −0.007% → −0.058%: $5.12
Slippage, 4 orders: −$13.91
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$145.78
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Coinbase International: live order book, 4 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	3.30 bp	8.2 bp −$8	12.5 bp −$125	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	2.64 bp	9.0 bp −$9	10.5 bp −$105	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	227.54	−0.003%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	−0.016%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.48	−0.029%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.58	+0.015%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.14	−0.179%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.46	−0.038%	$49K	$1.6M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.041%	$198K	$472K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.63	+0.037%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0018%	1h	227.42	−0.054%	$118K	$54K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.010%	$406K	$744K	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	+0.0043%	8h	227.56	+0.005%	$483K	$590K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.66	+0.050%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.40	−0.064%	$147.8M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.53	−0.007%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.41	−0.060%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.108%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.54	−0.003%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0068%	8h	227.60	+0.023%	$20K	$386K	10x	as long as short
Variational Omni NVDA	+0.0075%	8h	227.53	−0.006%	$3.5M	$2.1M	—	as long as short
Pacifica NVDA	+0.0100%	1h	227.42	−0.054%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.45	−0.042%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.53	−0.007%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTXshort	+0.0104%	1h	227.53	−0.007%	$1.3M	$775K	10x
Lighter NVDA	+0.0112%	1h	227.52	−0.012%	$2.2M	$3.3M	20x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.53	−0.005%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0116%	1h	227.45	−0.043%	$484K	$228K	20x	as long as short
Binance NVDAUSDT	+0.0128%	8h	227.54	−0.002%	$156.5M	$216.2M	50x	as long as short
Phoenix NVDA	+0.0141%	1h	227.52	−0.012%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0152%	8h	227.56	+0.006%	$1.6M	$726K	20x	as long as short
Hotstuff NVDA-PERP	+0.0184%	1h	227.40	−0.064%	$35K	—	20x	as long as short
Lighter RH NVDA	+0.0200%	1h	227.69	+0.063%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.212%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0249%	8h	227.57	+0.010%	$724K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0488%	1h	227.37	−0.078%	$685K	$733K	10x	as long as short
edgeX NVDAUSDClong	+0.0666%	4h	227.55	long leg	$170K	$1.9M	20x