Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0532%/8h= +58.3% APRpaid last 24h +0.123%

Price spread now: edgeX against GRVT−0.015%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs+$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.911%+$91 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.015%, 7d avg −0.007%

Together, before fees+0.962%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board+$96 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NVDA_USDT_Perp	227.67	0	get 0.0000% / 8h	5h 31m	$20K	$384K	10x
Short	edgeX NVDAUSDC	227.64	0.0532	get 0.0266% / 4h	1h 31m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against GRVT. 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 GRVTbpFee edgeXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $111.82
Price spread: −0.015% → −0.007%: −$0.79
Slippage, 4 orders: −$11.28
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $81.75
Costs to cover: 0.293%
Break-even: 1.9 days

Slippage from GRVT: live order book, 31 min ago; edgeX: 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 GRVT live order book, 31 min ago	1.76 bp	6.3 bp −$6	8.5 bp −$85	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	3.52 bp	8.4 bp −$8	13.3 bp −$133	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
Bybit NVDAUSDT	0.0000%	8h	227.61	−0.028%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.60	−0.033%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.52	−0.068%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.64	−0.015%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perplong	0.0000%	8h	227.67	long leg	$20K	$384K	10x
SunX NVDA-USDT	0.0000%	8h	227.10	−0.252%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.038%	$198K	$479K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	−0.015%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0010%	8h	227.65	−0.010%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.49	−0.081%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0034%	8h	227.71	+0.016%	$3.5M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.69	+0.007%	$405K	$726K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.61	−0.028%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.69	+0.007%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.45	−0.099%	$147.9M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	−0.050%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.46	−0.094%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.41	−0.116%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.063%	$1.3M	$777K	10x	as long as short
Binance NVDAUSDT	+0.0094%	8h	227.63	−0.019%	$156.2M	$215.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.47	−0.090%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.47	−0.090%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.58	−0.041%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.60	−0.035%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.50	−0.077%	$94K	$112K	20x	as long as short
Hotstuff NVDA-PERP	+0.0112%	1h	227.46	−0.094%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0122%	1h	227.47	−0.088%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0133%	8h	227.67	−0.002%	$1.6M	$724K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.61	−0.030%	$2.2M	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.53	−0.063%	$49K	$1.6M	10x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.75	+0.033%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0214%	8h	227.66	−0.006%	$723K	$202K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.139%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USD	+0.0336%	1h	227.42	−0.112%	$689K	$718K	10x	as long as short
edgeX NVDAUSDCshort	+0.0532%	4h	227.64	−0.015%	$170K	$1.9M	20x