Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.018%

Price spread now: Binance against QFEX+0.014%7-day average +0.047% · 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−$26as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.040%+$4 on $10k

Price spread, last 7 days+0.024%+$2 · spread now +0.014%, 7d avg +0.047%

Together, before fees+0.065%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.033% cheaper against QFEX than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.047%). If the spread goes back, that is −$3 on $10k: about 29 hours of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.040% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	226.90	0.0072	pay 0.0009% / 1h	3m 17s	$1.3M	$9.1M	10x
Short	Binance NVDAUSDT	226.93	0.0163	get 0.0163% / 8h	7h 03m	$155.6M	$223.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.014%Rate

Funding earned: $19.2
Price spread: +0.014% → +0.047%: −$3.28
Slippage, 4 orders: −$3.08
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$7.17
Costs to cover: 0.231%
Break-even: 9.6 days

Slippage from QFEX: live order book, 6 min ago; Binance: live order book, 10 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, 6 min ago	1.10 bp	6.1 bp −$6	7.0 bp −$70	10.5 bp −$1,050	doesn't fit
Sell Binance live order book, 10 min ago	0.22 bp	5.2 bp −$5	5.9 bp −$59	18.7 bp −$1,867	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	226.89	−0.004%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.94	+0.018%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.85	−0.022%	$7.2M	$10.1M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.96	+0.026%	$15.7M	$16.0M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.57	−0.145%	$2K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.00	+0.044%	$198K	$436K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.97	+0.031%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0010%	1h	226.82	−0.036%	$117K	$51K	10x	as long as short
Lighter NVDA	+0.0032%	1h	226.87	−0.015%	$2.1M	$3.3M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.74	−0.071%	$640K	$872K	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	226.86	−0.018%	$392K	$739K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0044%	8h	226.92	+0.011%	$21K	$432K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.05	+0.066%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	226.75	−0.066%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.75	−0.066%	$147.6M	$44.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.81	−0.040%	$392K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.81	−0.040%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.73	−0.075%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0071%	1h	226.80	−0.045%	$482K	$221K	20x	as long as short
QFEX NVDA-USDlong	+0.0072%	1h	226.90	long leg	$1.3M	$9.1M	10x
Aster NVDAUSDT	+0.0078%	8h	226.71	−0.085%	$484K	$544K	20x	as long as short
Lighter RH NVDA	+0.0080%	1h	227.02	+0.053%	$5.1M	$7.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.75	−0.068%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.74	−0.071%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.90	0.000%	$36K	$20K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.86	−0.018%	$53K	$1.9M	10x	as long as short
Variational Omni NVDA	+0.0105%	8h	226.92	+0.008%	$3.2M	$2.5M	—	as long as short
KuCoin NVDAUSDTM	+0.0116%	8h	226.87	−0.013%	$1.6M	$1.1M	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.92	+0.007%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.48	−0.185%	$1.3M	$682K	10x	as long as short
Binance NVDAUSDTshort	+0.0163%	8h	226.93	+0.014%	$155.6M	$223.1M	50x
Phoenix NVDA	+0.0212%	1h	226.84	−0.026%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.96	+0.026%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0283%	8h	226.98	+0.035%	$712K	$202K	20x	as long as short
edgeX NVDAUSDC	+0.0730%	4h	226.94	+0.018%	$171K	$1.9M	20x	as long as short