Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h −0.015%

Price spread now: QFEX against Orderly+0.009%7-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 QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs 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: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NVDA_USDC	226.53	0.0100	pay 0.0100% / 8h	6h 19m	$36K	$19K	20x
Short	QFEX NVDA-USD	226.55	0.0047	get 0.0006% / 1h	19m 17s	$1.3M	$9.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$11.04
Price spread: +0.009% → 0.000%: $0.88
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$26.15
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; QFEX: live order book, 8 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 QFEX live order book, 8 min ago	1.76 bp	6.8 bp −$7	7.3 bp −$73	11.0 bp −$1,098	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 exchanges

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	226.55	+0.009%	$12.6M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.57	+0.018%	$14.3M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.49	−0.018%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.64	+0.049%	$15.6M	$15.9M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.11	−0.185%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.43	−0.044%	$37K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.63	+0.044%	$198K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.68	+0.066%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.51	−0.009%	$117K	$51K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.41	−0.055%	$617K	$929K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0040%	8h	226.64	+0.049%	$21K	$430K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.70	+0.075%	—	$74K	25x	as long as short
QFEX NVDA-USDshort	+0.0047%	1h	226.55	+0.009%	$1.3M	$9.0M	10x
tradeXYZ xyz:NVDA	+0.0050%	1h	226.47	−0.026%	$147.7M	$45.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.46	−0.031%	$391K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.45	−0.035%	$59K	$17K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.30	−0.102%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0078%	8h	226.55	+0.011%	$484K	$565K	20x	as long as short
Lighter NVDA	+0.0080%	1h	226.52	−0.003%	$2.1M	$3.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.37	−0.071%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.45	−0.035%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDClong	+0.0100%	8h	226.53	long leg	$36K	$19K	20x
Phoenix NVDA	+0.0106%	1h	226.57	+0.018%	$93K	$83K	20x	as long as short
Nado NVDA-PERP	+0.0112%	1h	226.43	−0.045%	$478K	$209K	20x	as long as short
Variational Omni NVDA	+0.0114%	8h	226.54	+0.004%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.55	+0.007%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.45	−0.035%	$1.3M	$665K	10x	as long as short
KuCoin NVDAUSDTM	+0.0131%	8h	226.59	+0.026%	$1.6M	$1.2M	20x	as long as short
Hotstuff NVDA-PERP	+0.0152%	1h	226.43	−0.044%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0164%	8h	226.58	+0.023%	$155.3M	$223.3M	50x	as long as short
Lighter RH NVDA	+0.0176%	1h	226.70	+0.075%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.08	+0.243%	$73K	$138	30x	as long as short
Arcus NVDA-USD	+0.0225%	1h	226.50	−0.013%	$383K	$703K	20x	as long as short
BloFin NVDA-USDT	+0.0287%	8h	226.60	+0.031%	$726K	$202K	20x	as long as short
edgeX NVDAUSDC	+0.0693%	4h	226.54	+0.005%	$170K	$1.9M	20x	as long as short