Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h −0.061%

Price spread now: Deribit against edgeX+0.081%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.441%−$44 on $10k

Price spread, last 3 days (all we have)−0.175%−$18 · spread now +0.081%, 7d avg −0.025%

Together, before fees−0.616%+ Points / potential airdropedgeX: Active · farm board−$62 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.106% dearer against edgeX than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of −0.025%): +$11 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.44	0.0402	pay 0.0201% / 4h	3h 56m	$171K	$1.9M	20x
Short	Deribit NVDA_USDC-PERPETUAL	227.62	0.0190	get 0.0024% / 1h	56m 41s	$49K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$44.67
Price spread: +0.081% → −0.025%: $10.62
Slippage, 4 orders: −$16.1
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$66.14
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Deribit: 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	3.30 bp	8.2 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	3.96 bp	7.9 bp −$8	11.0 bp −$110	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
Aster NVDAUSDT	0.0000%	8h	227.55	+0.052%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.59	+0.068%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	+0.051%	$14.4M	$20.8M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.51	+0.033%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.45	+0.008%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.50	+0.029%	$21K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.27	−0.073%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.020%	$197K	$523K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.70	+0.116%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.35	−0.036%	$118K	$56K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0023%	8h	227.59	+0.068%	$15.5M	$17.2M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.29	−0.064%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0035%	8h	227.59	+0.068%	$156.4M	$219.4M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.44	+0.002%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.50	+0.029%	$1.6M	$11.5M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.73	+0.130%	—	$74K	25x	as long as short
Nado NVDA-PERP	+0.0048%	1h	227.45	+0.009%	$483K	$229K	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.45	+0.007%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.44	+0.002%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.32	−0.051%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0072%	1h	227.62	+0.081%	$2.2M	$3.2M	20x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.41	−0.011%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.01	−0.187%	$1.3M	$825K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.54	+0.045%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.43	−0.002%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.024%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.62	+0.081%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.38	−0.024%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0116%	8h	227.58	+0.064%	$1.6M	$742K	20x	as long as short
BloFin NVDA-USDT	+0.0138%	8h	227.70	+0.116%	$715K	$205K	20x	as long as short
tradeXYZ xyz:NVDA	+0.0151%	1h	227.41	−0.011%	$147.9M	$49.0M	20x	as long as short
Lighter RH NVDA	+0.0184%	1h	227.73	+0.130%	$5.1M	$7.1M	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0190%	1h	227.62	+0.081%	$49K	$1.4M	10x
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.200%	$73K	$135	30x	as long as short
edgeX NVDAUSDClong	+0.0402%	4h	227.44	long leg	$171K	$1.9M	20x