Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.015%

Price spread now: QFEX against HTX+0.009%7-day average +0.008% · 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−$320.322% of the position

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.009%, 7d avg +0.008%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	226.39	0	get 0.0000% / 8h	40m 40s	$198K	$446K	30x
Short	QFEX NVDA-USD	226.41	0.0064	get 0.0008% / 1h	40m 40s	$1.3M	$9.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $13.49
Price spread: +0.009% → +0.008%: $0.04
Slippage, 4 orders: −$10.15
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$18.62
Costs to cover: 0.322%
Break-even: 16.7 days

Slippage from HTX: live order book, 63 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 HTX live order book, 63 min ago	0.22 bp	7.9 bp −$8	8.1 bp −$81	16.7 bp −$1,669	doesn't fit
Sell QFEX live order book, 3 min ago	1.55 bp	6.5 bp −$7	6.5 bp −$65	11.9 bp −$1,194	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	226.41	+0.009%	$12.4M	$14.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.38	−0.004%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.36	−0.013%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.47	+0.035%	$15.8M	$16.6M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.07	−0.141%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	226.39	long leg	$198K	$446K	30x
Phemex NVDAUSDT	0.0000%	4h	226.63	+0.106%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0015%	8h	226.35	−0.018%	$22K	$428K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	226.27	−0.053%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0019%	1h	226.14	−0.111%	$117K	$51K	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	+0.0035%	8h	226.38	−0.003%	$482K	$530K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.32	−0.031%	$392K	$740K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.44	+0.022%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.28	−0.049%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.24	−0.066%	$1.6M	$1.9M	15x	as long as short
Variational Omni NVDA	+0.0057%	8h	226.39	0.000%	$3.5M	$2.3M	—	as long as short
QFEX NVDA-USDshort	+0.0064%	1h	226.41	+0.009%	$1.3M	$9.0M	10x
tradeXYZ xyz:NVDA	+0.0099%	1h	226.28	−0.049%	$147.0M	$43.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.22	−0.075%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.37	−0.009%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.10	−0.128%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.39	0.000%	$36K	$21K	20x	as long as short
Polymarket Perps NVDA-USD	+0.0100%	1h	226.37	−0.009%	$391K	$247K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	226.42	+0.012%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0120%	8h	226.41	+0.009%	$154.4M	$218.3M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.133%	$1.3M	$699K	10x	as long as short
Phoenix NVDA	+0.0177%	1h	226.33	−0.027%	$93K	$83K	20x	as long as short
Nado NVDA-PERP	+0.0183%	1h	226.20	−0.084%	$480K	$223K	20x	as long as short
Lighter NVDA	+0.0192%	1h	226.35	−0.016%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.00	+0.269%	$73K	$137	30x	as long as short
BloFin NVDA-USDT	+0.0239%	8h	226.48	+0.040%	$710K	$195K	20x	as long as short
Lighter RH NVDA	+0.0240%	1h	226.50	+0.049%	$5.1M	$6.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0352%	1h	226.20	−0.082%	$644K	$875K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0502%	1h	226.33	−0.027%	$53K	$1.8M	10x	as long as short
edgeX NVDAUSDC	+0.0547%	4h	226.38	−0.006%	$170K	$1.9M	20x	as long as short