Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.009%

Price spread now: QFEX against GRVT−0.011%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.011%, 7d avg −0.006%

Together, before fees+0.004%+ Points / potential airdropGRVT: Active · farm board$0 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: +$1 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	226.92	0.0044	pay 0.0044% / 8h	7h 03m	$21K	$432K	10x
Short	QFEX NVDA-USD	226.90	0.0072	get 0.0009% / 1h	3m 08s	$1.3M	$9.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $5.86
Price spread: −0.011% → −0.006%: −$0.46
Slippage, 4 orders: −$6.6
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$20.2
Costs to cover: 0.256%
Break-even: 31.1 days

Slippage from GRVT: live order book, 30 min ago; QFEX: 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 GRVT live order book, 30 min ago	1.33 bp	5.8 bp −$6	8.7 bp −$87	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.10 bp	6.5 bp −$7	6.5 bp −$65	9.9 bp −$985	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	226.93	+0.002%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.96	+0.016%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.92	−0.002%	$7.2M	$10.1M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.96	+0.016%	$15.7M	$16.0M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.57	−0.156%	$2K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.00	+0.033%	$198K	$436K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.97	+0.020%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0010%	1h	226.82	−0.047%	$117K	$51K	10x	as long as short
Lighter NVDA	+0.0032%	1h	226.91	−0.007%	$2.1M	$3.3M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.74	−0.082%	$640K	$872K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	226.86	−0.028%	$392K	$739K	20x	as long as short
GRVT NVDA_USDT_Perplong	+0.0044%	8h	226.92	long leg	$21K	$432K	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.05	+0.055%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	226.75	−0.077%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.82	−0.046%	$147.7M	$44.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.81	−0.050%	$392K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.81	−0.050%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.73	−0.086%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0071%	1h	226.80	−0.055%	$482K	$221K	20x	as long as short
QFEX NVDA-USDshort	+0.0072%	1h	226.90	−0.011%	$1.3M	$9.1M	10x
Aster NVDAUSDT	+0.0078%	8h	226.96	+0.016%	$485K	$543K	20x	as long as short
Lighter RH NVDA	+0.0080%	1h	227.05	+0.055%	$5.1M	$7.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.75	−0.079%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.74	−0.081%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.90	−0.011%	$36K	$20K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.86	−0.028%	$53K	$1.9M	10x	as long as short
Variational Omni NVDA	+0.0105%	8h	226.92	−0.003%	$3.2M	$2.5M	—	as long as short
KuCoin NVDAUSDTM	+0.0116%	8h	226.88	−0.020%	$1.6M	$1.1M	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.92	−0.004%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.48	−0.196%	$1.3M	$682K	10x	as long as short
Binance NVDAUSDT	+0.0163%	8h	226.98	+0.024%	$155.6M	$223.1M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.84	−0.037%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.96	+0.016%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0283%	8h	226.98	+0.024%	$712K	$202K	20x	as long as short
edgeX NVDAUSDC	+0.0730%	4h	226.94	+0.008%	$171K	$1.9M	20x	as long as short