Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0695%/8h= −76.1% APRpaid last 24h −0.084%

Price spread now: tradeXYZ against edgeX−0.063%106s7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.348% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.784%−$78 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.063%, 7d avg −0.044%

Together, before fees−0.741%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$74 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.50	0.0745	pay 0.0372% / 4h	1h 23m	$170K	$1.9M	20x
Short	tradeXYZ xyz:NVDA	227.36	0.0050	get 0.0006% / 1h	23m 51s	$147.3M	$49.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$145.93
Price spread: −0.063% → −0.044%: −$1.99
Slippage, 4 orders: −$7.79
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$182.72
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; tradeXYZ: live order book, 6 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, 5 min ago	3.30 bp	8.2 bp −$8	12.5 bp −$125	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.22 bp	9.2 bp −$9	10.7 bp −$107	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	227.49	−0.006%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.49	−0.006%	$12.7M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.46	−0.020%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.44	−0.028%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.50	−0.003%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.52	+0.008%	$20K	$435K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.03	−0.209%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.52	+0.007%	$198K	$529K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.51	+0.002%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.49	−0.005%	$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
Binance NVDAUSDT	+0.0014%	8h	227.52	+0.006%	$156.3M	$220.8M	50x	as long as short
Hotstuff NVDA-PERP	+0.0024%	1h	227.31	−0.085%	$35K	—	20x	as long as short
Bitget NVDAUSDT	+0.0024%	8h	227.55	+0.020%	$15.6M	$17.8M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.32	−0.082%	$536K	$445K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.47	−0.015%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.55	+0.020%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	227.36	−0.063%	$147.3M	$49.0M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	−0.055%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.33	−0.077%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.059%	$1.6M	$2.1M	15x	as long as short
BloFin NVDA-USDT	+0.0052%	8h	227.49	−0.006%	$714K	$204K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.34	−0.072%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.49	−0.006%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0092%	1h	227.34	−0.073%	$484K	$227K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.217%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.32	−0.081%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.54	+0.016%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.33	−0.077%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.46	−0.020%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.42	−0.037%	$49K	$1.5M	10x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.64	+0.060%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0176%	1h	227.52	+0.009%	$2.1M	$3.3M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.08	+0.253%	$73K	$137	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.32	−0.081%	$400K	$723K	20x	as long as short
edgeX NVDAUSDClong	+0.0745%	4h	227.50	long leg	$170K	$1.9M	20x