Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.011%

Price spread now: Bitget against QFEX+0.031%7-day average +0.063% · 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−$30as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.034%+$3 on $10k

Price spread, last 7 days+0.039%+$4 · spread now +0.031%, 7d avg +0.063%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.032% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.063%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	227.70	0.0044	pay 0.0005% / 1h	38m 52s	$1.4M	$9.7M	10x
Short	Bitget NVDAUSDT	227.77	0	get 0.0000% / 8h	5h 38m	$15.5M	$16.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$9.22
Price spread: +0.031% → +0.063%: −$3.22
Slippage, 4 orders: −$4.44
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$38.88
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Bitget: 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 QFEX live order book, 5 min ago	1.10 bp	6.1 bp −$6	6.8 bp −$68	11.8 bp −$1,182	doesn't fit
Sell Bitget live order book, 5 min ago	0.22 bp	7.2 bp −$7	9.3 bp −$93	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	227.70	0.000%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.73	+0.013%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.67	−0.013%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDTshort	0.0000%	8h	227.77	+0.031%	$15.5M	$16.4M	100x
GRVT NVDA_USDT_Perp	0.0000%	8h	227.71	+0.005%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.28	−0.184%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.026%	$198K	$479K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.77	+0.031%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0004%	8h	227.74	+0.018%	$484K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.53	−0.073%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0016%	1h	227.55	−0.066%	$35K	—	20x	as long as short
Variational Omni NVDA	+0.0027%	8h	227.69	−0.004%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.71	+0.004%	$406K	$711K	20x	as long as short
QFEX NVDA-USDlong	+0.0044%	1h	227.70	long leg	$1.4M	$9.7M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.80	+0.044%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.57	−0.057%	$148.1M	$44.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.65	−0.022%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.57	−0.057%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.48	−0.097%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.105%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0088%	8h	227.74	+0.020%	$156.3M	$215.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.55	−0.064%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.54	−0.070%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.68	−0.009%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.71	+0.003%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.61	−0.040%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0113%	1h	227.57	−0.056%	$484K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0129%	8h	227.74	+0.018%	$1.6M	$723K	20x	as long as short
Lighter NVDA	+0.0160%	1h	227.71	+0.003%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0200%	1h	227.83	+0.057%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0208%	8h	227.72	+0.009%	$723K	$202K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.96	+0.114%	$73K	$136	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0277%	1h	227.65	−0.022%	$49K	$1.6M	10x	as long as short
Extended NVDA_24_5-USD	+0.0280%	1h	227.50	−0.086%	$689K	$714K	10x	as long as short
edgeX NVDAUSDC	+0.0993%	4h	227.68	−0.007%	$170K	$1.9M	20x	as long as short