Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0474%/8h= +51.9% APRpaid last 24h +0.109%

Price spread now: edgeX against OKX−0.015%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs+$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.782%+$78 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.015%, 7d avg −0.040%

Together, before fees+0.771%+ Points / potential airdropedgeX: Active · farm board+$77 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and edgeX is 0.025% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	227.66	0	get 0.0000% / 8h	5h 11m	$14.4M	$20.2M	50x
Short	edgeX NVDAUSDC	227.63	0.0474	get 0.0237% / 4h	1h 11m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $99.62
Price spread: −0.015% → −0.040%: $2.45
Slippage, 4 orders: −$8.93
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $74.14
Costs to cover: 0.279%
Break-even: 1.8 days

Slippage from OKX: live order book, 2 min ago; edgeX: 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 OKX live order book, 2 min ago	0.22 bp	5.4 bp −$5	7.2 bp −$72	15.8 bp −$1,578	doesn't fit
Sell edgeX live order book, 3 min ago	3.52 bp	8.5 bp −$9	13.7 bp −$137	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	227.65	−0.004%	$12.7M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	227.66	long leg	$14.4M	$20.2M	50x
Gate NVDA_USDT	0.0000%	8h	227.57	−0.040%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.69	+0.013%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.19	−0.206%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.044%	$198K	$476K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.65	−0.004%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.50	−0.071%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0022%	8h	227.68	+0.008%	$483K	$590K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0032%	8h	227.69	+0.013%	$21K	$386K	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	227.56	−0.044%	$406K	$746K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.64	−0.009%	$1.4M	$9.5M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.72	+0.026%	—	$74K	25x	as long as short
Variational Omni NVDA	+0.0048%	8h	227.69	+0.013%	$3.5M	$2.1M	—	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.48	−0.079%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.50	−0.070%	$147.9M	$44.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.60	−0.026%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.50	−0.070%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.39	−0.119%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.057%	$1.3M	$777K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.48	−0.077%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.075%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.65	−0.004%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.57	−0.040%	$49K	$1.6M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.63	−0.011%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.60	−0.026%	$94K	$112K	20x	as long as short
Binance NVDAUSDT	+0.0106%	8h	227.69	+0.015%	$156.2M	$215.1M	50x	as long as short
Nado NVDA-PERP	+0.0130%	1h	227.51	−0.067%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0143%	8h	227.71	+0.022%	$1.6M	$723K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.67	+0.004%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.80	+0.061%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.98	+0.141%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0226%	8h	227.71	+0.022%	$725K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0408%	1h	227.47	−0.086%	$686K	$729K	10x	as long as short
edgeX NVDAUSDCshort	+0.0474%	4h	227.63	−0.015%	$170K	$1.9M	20x