Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.013%

Price spread now: GRVT against QFEX+0.013%7-day average +0.005% · 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−$270.266% of the position

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.013%, 7d avg +0.005%

Together, before fees−0.005%+ Points / potential airdropGRVT: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	227.45	0.0060	pay 0.0008% / 1h	47m 30s	$1.6M	$11.4M	10x
Short	GRVT NVDA_USDT_Perp	227.48	0	get 0.0000% / 8h	47m 30s	$20K	$427K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$12.63
Price spread: +0.013% → +0.005%: $0.84
Slippage, 4 orders: −$7.62
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$38.42
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; GRVT: live order book, 30 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	2.20 bp	7.2 bp −$7	7.2 bp −$72	10.8 bp −$1,082	doesn't fit
Sell GRVT live order book, 30 min ago	0.88 bp	6.8 bp −$7	11.0 bp −$110	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
Aster NVDAUSDT	0.0000%	8h	227.42	−0.013%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.47	+0.009%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.44	−0.004%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.38	−0.031%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.46	+0.003%	$3.5M	$2.1M	—	as long as short
GRVT NVDA_USDT_Perpshort	0.0000%	8h	227.48	+0.013%	$20K	$427K	10x
SunX NVDA-USDT	0.0000%	8h	226.92	−0.233%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.013%	$198K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.55	+0.044%	$2.2M	$42K	10x	as long as short
Hotstuff NVDA-PERP	+0.0024%	1h	227.30	−0.066%	$35K	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0029%	1h	227.46	+0.006%	$118K	$55K	10x	as long as short
Binance NVDAUSDT	+0.0040%	8h	227.47	+0.009%	$156.3M	$220.1M	50x	as long as short
Bitget NVDAUSDT	+0.0042%	8h	227.51	+0.026%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.49	+0.018%	—	$74K	25x	as long as short
Extended NVDA_24_5-USD	+0.0048%	1h	227.24	−0.092%	$536K	$446K	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.31	−0.062%	$147.3M	$48.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.34	−0.048%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.30	−0.066%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.26	−0.084%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USDlong	+0.0060%	1h	227.45	long leg	$1.6M	$11.4M	10x
Aevo NVDA-PERP	+0.0088%	1h	227.45	+0.001%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.193%	$1.3M	$862K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.29	−0.070%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.026%	$1.6M	$746K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.31	−0.062%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.41	−0.018%	$36K	$22K	20x	as long as short
Nado NVDA-PERP	+0.0100%	1h	227.28	−0.074%	$483K	$228K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.34	−0.048%	$93K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.30	−0.066%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0154%	8h	227.48	+0.013%	$672K	$204K	20x	as long as short
edgeX NVDAUSDC	+0.0183%	4h	227.45	−0.001%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.73	+0.123%	$73K	$135	30x	as long as short
Lighter NVDA	+0.0248%	1h	227.48	+0.015%	$2.1M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0248%	1h	227.60	+0.066%	$5.1M	$7.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0366%	1h	227.40	−0.022%	$49K	$1.4M	10x	as long as short