Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0779%/8h= +85.3% APRpaid last 24h +0.085%

Price spread now: edgeX against Orderly+0.016%71s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$23 a day on $10k at the current rate. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NVDA_USDC	226.37	0.0100	pay 0.0100% / 8h	38m 07s	$36K	$21K	20x
Short	edgeX NVDAUSDC	226.41	0.0879	get 0.0440% / 4h	38m 07s	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $163.62
Price spread: +0.016% → 0.000%: $1.64
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $150.26
Costs to cover: 0.150%
Break-even: 0.6 days

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 6 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 6 min ago	3.53 bp	8.3 bp −$8	13.4 bp −$134	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	226.38	+0.004%	$12.4M	$14.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.39	+0.009%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.32	−0.022%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.44	+0.031%	$15.8M	$16.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.00	−0.163%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.39	+0.009%	$198K	$445K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.61	+0.106%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0018%	1h	226.15	−0.098%	$117K	$51K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0020%	8h	226.43	+0.025%	$22K	$428K	10x	as long as short
Aster NVDAUSDT	+0.0036%	8h	226.37	0.000%	$482K	$530K	20x	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	226.31	−0.027%	$392K	$740K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.45	+0.035%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.26	−0.049%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.24	−0.057%	$1.6M	$1.9M	15x	as long as short
Variational Omni NVDA	+0.0057%	8h	226.39	+0.009%	$3.5M	$2.3M	—	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.39	+0.009%	$1.3M	$9.0M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0096%	1h	226.27	−0.044%	$147.0M	$43.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0099%	1h	226.36	−0.004%	$391K	$247K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.25	−0.053%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.38	+0.004%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.19	−0.080%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDClong	+0.0100%	8h	226.37	long leg	$36K	$21K	20x
Aevo NVDA-PERP	+0.0112%	1h	226.40	+0.013%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.124%	$1.3M	$699K	10x	as long as short
Binance NVDAUSDT	+0.0121%	8h	226.39	+0.007%	$154.4M	$218.4M	50x	as long as short
Phoenix NVDA	+0.0177%	1h	226.33	−0.018%	$93K	$83K	20x	as long as short
Nado NVDA-PERP	+0.0180%	1h	226.25	−0.053%	$481K	$223K	20x	as long as short
Lighter NVDA	+0.0184%	1h	226.33	−0.016%	$2.1M	$3.2M	20x	as long as short
Hotstuff NVDA-PERP	+0.0200%	1h	226.30	−0.031%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.00	+0.278%	$73K	$137	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0236%	1h	226.30	−0.031%	$53K	$1.8M	10x	as long as short
Lighter RH NVDA	+0.0240%	1h	226.49	+0.053%	$5.1M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0241%	8h	226.39	+0.009%	$710K	$195K	20x	as long as short
Extended NVDA_24_5-USD	+0.0352%	1h	226.18	−0.086%	$644K	$875K	10x	as long as short
edgeX NVDAUSDCshort	+0.0879%	4h	226.41	+0.016%	$170K	$1.9M	20x