NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0392%/8h= −42.9% APRnext payment −$0.49 per $10,000 · paid last 24h −0.012%

Price spread now: QFEX against Extended+0.062%7-day average +0.041% · 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−$25as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Extended Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.062%, 7d avg +0.041%

Together, before fees−0.084%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.021% dearer against Extended than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.041%): +$2 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 4 days (−0.023% in total) that is about 3.4 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.023% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	226.15	0.0448	pay 0.0056% / 1h	31m 54s	$667K	$762K	10x
Short	QFEX NVDA-USD	226.29	0.0056	get 0.0007% / 1h	31m 54s	$1.3M	$9.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Extended. 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 ExtendedbpFee QFEXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$82.25
Price spread: +0.062% → +0.041%: $2.13
Slippage, 4 orders: −$11.93
Fee Extended: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$107.05
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from Extended: live order book, 11 min ago; QFEX: live order book, 12 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 Extended live order book, 11 min ago	0.22 bp	8.5 bp −$9	88.0 bp −$880	doesn't fit	doesn't fit
Sell QFEX live order book, 12 min ago	1.99 bp	7.0 bp −$7	7.0 bp −$70	12.3 bp −$1,233	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	226.33	+0.080%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.29	+0.062%	$12.4M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.28	+0.057%	$14.1M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.23	+0.035%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.30	+0.066%	$15.2M	$16.1M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.40	+0.111%	$22K	$422K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.92	−0.102%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.137%	$198K	$452K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.60	+0.199%	$2.2M	$42K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0015%	1h	226.19	+0.018%	$53K	$1.8M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0017%	1h	226.15	−0.001%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0018%	8h	226.38	+0.100%	$3.5M	$2.2M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.25	+0.044%	$398K	$735K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.39	+0.106%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.15	0.000%	$146.9M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.22	+0.031%	$393K	$283K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.13	−0.009%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.05	−0.044%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USDshort	+0.0056%	1h	226.29	+0.062%	$1.3M	$9.1M	10x
Lighter NVDA	+0.0080%	1h	226.26	+0.049%	$2.1M	$3.3M	20x	as long as short
Binance NVDAUSDT	+0.0086%	8h	226.30	+0.068%	$154.4M	$219.6M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.17	+0.009%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.32	+0.075%	$1.6M	$751K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.25	+0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.24	+0.040%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.27	+0.052%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.26	+0.049%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	+0.062%	$1.3M	$735K	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.42	+0.119%	$5.0M	$6.9M	20x	as long as short
Nado NVDA-PERP	+0.0133%	1h	226.16	+0.006%	$480K	$226K	20x	as long as short
Hotstuff NVDA-PERP	+0.0168%	1h	226.14	−0.004%	$35K	—	20x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	226.43	+0.124%	$714K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.01	+0.380%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USDlong	+0.0448%	1h	226.15	long leg	$667K	$762K	10x
edgeX NVDAUSDC	+0.0491%	4h	226.35	+0.086%	$170K	$1.9M	20x	as long as short