Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.111%

Price spread now: edgeX against QFEX−0.016%57s7-day average +0.006% · 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—prices read too far apart to compare

costs, in and out, $10k−$310.312% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.493%+$49 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.016%, 7d avg +0.006%

Together, before fees+0.518%+ Points / potential airdropedgeX: Active · farm board+$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.021% cheaper against QFEX than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.006%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day). At the pace of the last 4 days (+0.493% in total) that is about 4 hours. The two prices were read 57 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	QFEX NVDA-USD	227.58	0.0057	pay 0.0007% / 1h	24m 14s	$1.3M	$9.3M	10x
Short	edgeX NVDAUSDC	227.54	0.0285	get 0.0143% / 4h	24m 14s	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $47.92
Price spread: −0.016% → +0.006%: −$2.14
Slippage, 4 orders: −$12.15
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $14.63
Costs to cover: 0.312%
Break-even: 4.9 days

Slippage from QFEX: live order book, 5 min ago; edgeX: 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	2.42 bp	7.4 bp −$7	8.1 bp −$81	14.5 bp −$1,452	doesn't fit
Sell edgeX live order book, 5 min ago	3.30 bp	8.1 bp −$8	12.9 bp −$129	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	227.64	+0.026%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.63	+0.022%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.58	0.000%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.68	+0.044%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.28	−0.132%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.026%	$198K	$470K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.66	+0.035%	$2.2M	$43K	10x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.48	−0.044%	$35K	—	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.55	−0.013%	$49K	$1.6M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.43	−0.066%	$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
Aster NVDAUSDT	+0.0033%	8h	227.67	+0.039%	$483K	$590K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0034%	8h	227.60	+0.009%	$20K	$390K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.51	−0.031%	$400K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.73	+0.066%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.51	−0.031%	$147.8M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.59	+0.004%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.52	−0.026%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.35	−0.101%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USDlong	+0.0057%	1h	227.58	long leg	$1.3M	$9.3M	10x
Variational Omni NVDA	+0.0063%	8h	227.60	+0.010%	$3.5M	$2.1M	—	as long as short
Lighter NVDA	+0.0064%	1h	227.63	+0.022%	$2.2M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0066%	1h	227.54	−0.020%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.48	−0.044%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.46	−0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.59	+0.004%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.022%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.63	+0.022%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0117%	8h	227.67	+0.041%	$156.4M	$216.1M	50x	as long as short
KuCoin NVDAUSDTM	+0.0133%	8h	227.61	+0.013%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.78	+0.088%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.54	−0.018%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.145%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0237%	8h	227.62	+0.018%	$721K	$201K	20x	as long as short
edgeX NVDAUSDCshort	+0.0285%	4h	227.54	−0.016%	$170K	$1.9M	20x
Extended NVDA_24_5-USD	+0.0360%	1h	227.45	−0.055%	$679K	$743K	10x	as long as short