Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0313%/8h= −34.3% APRpaid last 24h −0.113%

Price spread now: GRVT against edgeX+0.010%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

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

costs, in and out, $10k−$280.284% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.906%−$91 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.010%, 7d avg +0.006%

Together, before fees−0.925%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$93 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.46	0.0313	pay 0.0157% / 4h	49m 37s	$170K	$1.9M	20x
Short	GRVT NVDA_USDT_Perp	227.48	0	get 0.0000% / 8h	49m 37s	$20K	$427K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$65.78
Price spread: +0.010% → +0.006%: $0.39
Slippage, 4 orders: −$10.41
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$93.8
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; GRVT: live order book, 28 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	8.1 bp −$8	12.8 bp −$128	doesn't fit	doesn't fit
Sell GRVT live order book, 28 min ago	0.88 bp	6.8 bp −$7	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	227.42	−0.016%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.47	+0.006%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.43	−0.012%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.37	−0.038%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.46	0.000%	$3.5M	$2.1M	—	as long as short
GRVT NVDA_USDT_Perpshort	0.0000%	8h	227.48	+0.010%	$20K	$427K	10x
SunX NVDA-USDT	0.0000%	8h	226.93	−0.232%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.010%	$198K	$525K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.51	+0.023%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0028%	1h	227.46	+0.004%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.25	−0.093%	$536K	$446K	10x	as long as short
Hotstuff NVDA-PERP	+0.0032%	1h	227.31	−0.064%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0039%	8h	227.47	+0.006%	$156.3M	$220.1M	50x	as long as short
Bitget NVDAUSDT	+0.0041%	8h	227.45	−0.003%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.49	+0.015%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.31	−0.064%	$147.3M	$48.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.34	−0.051%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.31	−0.064%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.26	−0.086%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.44	−0.007%	$1.6M	$11.4M	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.46	+0.001%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.196%	$1.3M	$862K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.30	−0.069%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.49	+0.015%	$1.6M	$746K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.069%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.41	−0.020%	$36K	$22K	20x	as long as short
Nado NVDA-PERP	+0.0102%	1h	227.28	−0.076%	$483K	$228K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.34	−0.051%	$93K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.29	−0.073%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0148%	8h	227.50	+0.019%	$672K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.73	+0.120%	$73K	$135	30x	as long as short
Lighter RH NVDA	+0.0232%	1h	227.59	+0.059%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0248%	1h	227.48	+0.010%	$2.1M	$3.3M	20x	as long as short
edgeX NVDAUSDClong	+0.0313%	4h	227.46	long leg	$170K	$1.9M	20x
Deribit NVDA_USDC-PERPETUAL	+0.0366%	1h	227.40	−0.025%	$49K	$1.4M	10x	as long as short