Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0057%/8h= −6.2% APRpaid last 24h −0.014%

Price spread now: HTX against QFEX+0.053%7-day average −0.011% · 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−$28as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.053%, 7d avg −0.011%

Together, before fees−0.144%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.063% dearer against QFEX than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.011%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 4 days (−0.021% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	227.52	0.0057	pay 0.0007% / 1h	14m 59s	$1.3M	$9.2M	10x
Short	HTX NVDA-USDT	227.64	0	get 0.0000% / 8h	4h 14m	$198K	$469K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$11.98
Price spread: +0.053% → −0.011%: $6.33
Slippage, 4 orders: −$11.99
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$39.64
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; HTX: live order book, 43 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, 4 min ago	2.20 bp	7.2 bp −$7	7.9 bp −$79	12.8 bp −$1,277	doesn't fit
Sell HTX live order book, 43 min ago	0.22 bp	10.6 bp −$11	12.7 bp −$127	22.7 bp −$2,272	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	227.56	+0.018%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	+0.013%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.52	0.000%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.65	+0.057%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.26	−0.114%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.64	+0.053%	$198K	$469K	30x
Phemex NVDAUSDT	0.0000%	4h	227.66	+0.062%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.57	+0.022%	$118K	$54K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0025%	8h	227.66	+0.061%	$20K	$390K	10x	as long as short
Aster NVDAUSDT	+0.0033%	8h	227.61	+0.039%	$483K	$590K	20x	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	227.58	+0.026%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.71	+0.084%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.45	−0.031%	$147.8M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	+0.018%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.44	−0.035%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.066%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USDlong	+0.0057%	1h	227.52	long leg	$1.3M	$9.2M	10x
Variational Omni NVDA	+0.0062%	8h	227.60	+0.033%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0072%	1h	227.47	−0.021%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0080%	1h	227.56	+0.017%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.46	−0.027%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.55	+0.013%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.51	−0.004%	$49K	$1.6M	10x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	227.44	−0.035%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	+0.004%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.56	+0.019%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0117%	8h	227.59	+0.031%	$156.2M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0131%	8h	227.62	+0.044%	$1.6M	$723K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.50	−0.009%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.72	+0.088%	$5.1M	$7.1M	20x	as long as short
edgeX NVDAUSDC	+0.0161%	4h	227.63	+0.047%	$171K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.171%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0237%	8h	227.63	+0.048%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0376%	1h	227.45	−0.029%	$678K	$744K	10x	as long as short