Funding you earn now, next payment 04:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%
Price spread now: QFEX against Phoenix+0.079%112s7-day average +0.016% · 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—prices read too far apart to compare
costs, in and out, $10k−$320.320% of the position
Funding, last 4 days (all we have)−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.079%, 7d avg +0.016%
=The price spread pays, funding is against you. QFEX is 0.063% dearer against Phoenix than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.016%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 4 days (−0.024% in total) that is about 9.5 days. The two prices were read 112 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 | Phoenix NVDA | 226.71 | 0.0141 | pay 0.0018% / 1h | 53m 34s | $93K | $112K | 20x |
| Short | QFEX NVDA-USD | 226.89 | 0.0042 | get 0.0005% / 1h | 53m 34s | $1.3M | $9.1M | 10x |
Phoenix NVDA
QFEX NVDA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.79
- Price spread: +0.079% → +0.016%
- $6.3
- Slippage, 4 orders
- −$14.96
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$46.45
- Costs to cover
- 0.320%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 52 min ago; QFEX: live order book, 5 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 Phoenix live order book, 52 min ago | 3.08 bp | 9.4 bp −$9 | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.54 bp | 6.5 bp −$7 | 6.5 bp −$65 | 11.5 bp −$1,152 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NVDAUSDT | 0.0000% | 8h | 226.90 | +0.086% | $483K | $571K | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 226.87 | +0.071% | $12.5M | $14.9M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.86 | +0.066% | $14.3M | $20.5M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.83 | +0.053% | $7.3M | $9.7M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.89 | +0.079% | $15.4M | $16.4M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 226.86 | +0.066% | $21K | $406K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.49 | −0.097% | $2K | $3.7M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | 0.0000% | 1h | 226.77 | +0.026% | $52K | $1.7M | 10x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 226.94 | +0.101% | $198K | $463K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 226.89 | +0.079% | $2.2M | $43K | 10x | as long as short |
Aster NVDAUSDT
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
Deribit NVDA_USDC-PERPETUAL
HTX NVDA-USDT
Phemex NVDAUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps NVDAUSD | +0.0008% | 1h | 226.65 | −0.026% | $117K | $53K | 10x | as long as short |
| Variational Omni NVDA | +0.0013% | 8h | 226.84 | +0.055% | $3.6M | $2.1M | — | as long as short |
| Lighter NVDA | +0.0032% | 1h | 226.84 | +0.060% | $2.1M | $3.3M | 20x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 226.75 | +0.018% | $398K | $732K | 20x | as long as short |
| QFEX NVDA-USDshort | +0.0042% | 1h | 226.89 | +0.079% | $1.3M | $9.1M | 10x | |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.93 | +0.097% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.74 | +0.013% | $147.3M | $43.4M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 226.80 | +0.040% | $399K | $277K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.72 | +0.004% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.57 | −0.062% | $1.6M | $2.0M | 15x | as long as short |
| Nado NVDA-PERP | +0.0063% | 1h | 226.70 | −0.004% | $482K | $226K | 20x | as long as short |
| Binance NVDAUSDT | +0.0083% | 8h | 226.91 | +0.088% | $155.2M | $217.0M | 50x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.77 | +0.029% | $298K | $50K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.85 | +0.062% | $1.6M | $734K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.70 | −0.004% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.83 | +0.053% | $36K | $21K | 20x | as long as short |
| Hotstuff NVDA-PERP | +0.0104% | 1h | 226.74 | +0.013% | $35K | — | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 226.80 | +0.041% | — | — | 10x | as long as short |
| Lighter RH NVDA | +0.0120% | 1h | 227.02 | +0.137% | $5.1M | $7.1M | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 226.63 | −0.035% | $1.3M | $782K | 10x | as long as short |
| Phoenix NVDAlong | +0.0141% | 1h | 226.71 | long leg | $93K | $112K | 20x | |
| BloFin NVDA-USDT | +0.0204% | 8h | 226.89 | +0.079% | $719K | $191K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.12 | +0.181% | $73K | $135 | 30x | as long as short |
| Extended NVDA_24_5-USD | +0.0240% | 1h | 226.74 | +0.013% | $668K | $767K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0517% | 4h | 226.79 | +0.034% | $170K | $1.9M | 20x | as long as short |
Aftermath Perps NVDAUSD
Variational Omni NVDA
Lighter NVDA
Arcus NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Nado NVDA-PERP
Binance NVDAUSDT
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Hotstuff NVDA-PERP
Aevo NVDA-PERP
Lighter RH NVDA
Coinbase International NVDA-PERP-INTX
BloFin NVDA-USDT
Injective NVDA/USDC PERP
Extended NVDA_24_5-USD
edgeX NVDAUSDC