Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.014%

Price spread now: QFEX against Gate+0.022%7-day average −0.021% · 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−$32as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.095%+$9 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.022%, 7d avg −0.021%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.043% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	227.46	0	get 0.0000% / 8h	3h 55m	$7.2M	$9.6M	100x
Short	QFEX NVDA-USD	227.51	0.0041	get 0.0005% / 1h	55m 35s	$1.3M	$9.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $8.53
Price spread: +0.022% → −0.021%: $4.32
Slippage, 4 orders: −$11.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$23.16
Costs to cover: 0.360%
Break-even: 26.0 days

Slippage from Gate: live order book, 3 min ago; QFEX: live order book, 3 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 Gate live order book, 3 min ago	0.66 bp	10.0 bp −$10	17.6 bp −$176	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.32 bp	6.3 bp −$6	7.3 bp −$73	12.8 bp −$1,281	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	227.52	+0.026%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.50	+0.018%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	227.46	long leg	$7.2M	$9.6M	100x
Bitget NVDAUSDT	0.0000%	8h	227.57	+0.048%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.64	+0.080%	$20K	$390K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.16	−0.132%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.48	+0.009%	$49K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.71	+0.110%	$198K	$466K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.63	+0.075%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.50	+0.018%	$118K	$53K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0025%	8h	227.60	+0.062%	$483K	$590K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.52	+0.026%	$399K	$741K	20x	as long as short
QFEX NVDA-USDshort	+0.0041%	1h	227.51	+0.022%	$1.3M	$9.2M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.66	+0.088%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.43	−0.013%	$147.8M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.50	+0.018%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.44	−0.009%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.36	−0.044%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0054%	1h	227.46	+0.001%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0056%	1h	227.52	+0.027%	$2.2M	$3.3M	20x	as long as short
Variational Omni NVDA	+0.0058%	8h	227.54	+0.033%	$3.6M	$2.2M	—	as long as short
Pacifica NVDA	+0.0100%	1h	227.46	−0.002%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.48	+0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.52	+0.026%	$36K	$21K	20x	as long as short
Binance NVDAUSDT	+0.0110%	8h	227.51	+0.022%	$156.0M	$215.9M	50x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.55	+0.040%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0117%	8h	227.60	+0.062%	$1.6M	$724K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.53	+0.031%	$1.3M	$775K	10x	as long as short
Hotstuff NVDA-PERP	+0.0136%	1h	227.41	−0.022%	$35K	—	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.57	+0.048%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.68	+0.097%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.92	+0.202%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0231%	8h	227.61	+0.066%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0272%	1h	227.41	−0.024%	$669K	$769K	10x	as long as short
edgeX NVDAUSDC	+0.0761%	4h	227.63	+0.073%	$171K	$1.9M	20x	as long as short