Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.013%
Price spread now: Arcus against QFEX−0.009%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Funding, last 4 days (all we have)+0.065%+$7 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.009%, 7d avg −0.076%
=The price spread pays, funding is against you. Arcus is 0.067% dearer against QFEX than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.076%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.4 days. Mind the row above: over the last 4 days funding on this pair paid +0.065%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX NVDA-USD | 226.33 | 0.0064 | pay 0.0008% / 1h | 39m 03s | $1.3M | $9.0M | 10x |
| Short | Arcus NVDA-USD | 226.31 | 0.0040 | get 0.0005% / 1h | 39m 03s | $392K | $740K | 20x |
QFEX NVDA-USD
Arcus NVDA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against QFEX. 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
- −$5.03
- Price spread: −0.009% → −0.076%
- $6.73
- Slippage, 4 orders
- −$18.44
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$31.24
- Costs to cover
- 0.329%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; Arcus: live order book, 65 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 QFEX live order book, 5 min ago | 1.55 bp | 6.5 bp −$7 | 8.2 bp −$82 | 12.9 bp −$1,288 | doesn't fit |
| Sell Arcus live order book, 65 min ago | 1.10 bp | 10.9 bp −$11 | 15.4 bp −$154 | 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 | 226.38 | +0.022% | $12.4M | $14.3M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.39 | +0.027% | $14.1M | $20.5M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.29 | −0.018% | $7.2M | $9.9M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.41 | +0.035% | $15.8M | $16.6M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 225.98 | −0.155% | $2K | $3.6M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 226.39 | +0.027% | $198K | $445K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 226.61 | +0.124% | $2.2M | $42K | 10x | as long as short |
| Aftermath Perps NVDAUSD | +0.0018% | 1h | 226.16 | −0.074% | $117K | $51K | 10x | as long as short |
| GRVT NVDA_USDT_Perp | +0.0020% | 8h | 226.43 | +0.043% | $22K | $428K | 10x | as long as short |
| Hotstuff NVDA-PERP | +0.0032% | 1h | 226.26 | −0.031% | $35K | — | 20x | as long as short |
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aftermath Perps NVDAUSD
GRVT NVDA_USDT_Perp
Hotstuff NVDA-PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NVDAUSDT | +0.0035% | 8h | 226.37 | +0.018% | $482K | $530K | 20x | as long as short |
| Arcus NVDA-USDshort | +0.0040% | 1h | 226.31 | −0.009% | $392K | $740K | 20x | |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.40 | +0.031% | — | $74K | 25x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.22 | −0.049% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.24 | −0.040% | $1.6M | $1.9M | 15x | as long as short |
| Variational Omni NVDA | +0.0057% | 8h | 226.39 | +0.027% | $3.5M | $2.3M | — | as long as short |
| QFEX NVDA-USDlong | +0.0064% | 1h | 226.33 | long leg | $1.3M | $9.0M | 10x | |
| tradeXYZ xyz:NVDA | +0.0098% | 1h | 226.20 | −0.057% | $146.9M | $43.0M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0100% | 1h | 226.31 | −0.009% | $391K | $247K | 10x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.18 | −0.066% | $297K | $49K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.38 | +0.022% | $1.6M | $743K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.19 | −0.062% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 226.32 | −0.004% | $36K | $21K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0112% | 1h | 226.34 | +0.006% | — | — | 10x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0120% | 1h | 226.09 | −0.106% | $1.3M | $699K | 10x | as long as short |
| Binance NVDAUSDT | +0.0121% | 8h | 226.43 | +0.044% | $154.5M | $218.3M | 50x | as long as short |
| Phoenix NVDA | +0.0177% | 1h | 226.33 | 0.000% | $93K | $83K | 20x | as long as short |
| Nado NVDA-PERP | +0.0183% | 1h | 226.19 | −0.061% | $480K | $223K | 20x | as long as short |
| Lighter NVDA | +0.0184% | 1h | 226.30 | −0.013% | $2.1M | $3.2M | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.00 | +0.296% | $73K | $137 | 30x | as long as short |
| Lighter RH NVDA | +0.0240% | 1h | 226.46 | +0.057% | $5.1M | $6.9M | 20x | as long as short |
| BloFin NVDA-USDT | +0.0241% | 8h | 226.39 | +0.027% | $710K | $195K | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0325% | 1h | 226.25 | −0.035% | $53K | $1.8M | 10x | as long as short |
| Extended NVDA_24_5-USD | +0.0352% | 1h | 226.07 | −0.113% | $644K | $875K | 10x | as long as short |
| edgeX NVDAUSDC | +0.0879% | 4h | 226.41 | +0.034% | $170K | $1.9M | 20x | as long as short |
Aster NVDAUSDT
Vest NVDA-USD-PERP
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Variational Omni NVDA
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Coinbase International NVDA-PERP-INTX
Binance NVDAUSDT
Phoenix NVDA
Nado NVDA-PERP
Lighter NVDA
Injective NVDA/USDC PERP
Lighter RH NVDA
BloFin NVDA-USDT
Deribit NVDA_USDC-PERPETUAL
Extended NVDA_24_5-USD
edgeX NVDAUSDC