Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.016%

Price spread now: Orderly against QFEX+0.049%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.049% dearer against QFEX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	226.29	0.0072	pay 0.0009% / 1h	45m 05s	$1.3M	$9.1M	10x
Short	Orderly PERP_NVDA_USDC	226.40	0.0100	get 0.0100% / 8h	7h 45m	$36K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.049%Rate

Funding earned: $5.9
Price spread: +0.049% → 0.000%: $4.86
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.24
Costs to cover: 0.160%
Break-even: 13.2 days

Slippage unknown: QFEX: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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	1.77 bp	6.8 bp −$7	6.8 bp −$68	11.1 bp −$1,108	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff NVDA-PERP	−0.0024%	1h	226.17	−0.053%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.44	+0.066%	$12.5M	$14.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.45	+0.071%	$14.2M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.40	+0.049%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.48	+0.084%	$15.8M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.99	−0.133%	$2K	$3.5M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.35	+0.027%	$53K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.075%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.59	+0.133%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.19	−0.043%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.38	+0.042%	$2.1M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0040%	1h	226.53	+0.106%	$5.1M	$6.9M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.30	+0.004%	$392K	$736K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.47	+0.080%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.34	+0.022%	$147.0M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.25	−0.018%	$391K	$242K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.22	−0.031%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.11	−0.080%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0053%	1h	226.20	−0.041%	$480K	$223K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0055%	8h	226.45	+0.071%	$21K	$428K	10x	as long as short
QFEX NVDA-USDlong	+0.0072%	1h	226.29	long leg	$1.3M	$9.1M	10x
Aster NVDAUSDT	+0.0080%	8h	226.40	+0.049%	$482K	$538K	20x	as long as short
Extended NVDA_24_5-USD	+0.0088%	1h	226.25	−0.016%	$644K	$879K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.15	−0.062%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.20	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	226.40	+0.049%	$36K	$20K	20x
Variational Omni NVDA	+0.0106%	8h	226.32	+0.012%	$3.2M	$2.5M	—	as long as short
KuCoin NVDAUSDTM	+0.0109%	8h	226.38	+0.040%	$1.6M	$908K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.43	+0.063%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.29	0.000%	$1.3M	$696K	10x	as long as short
Binance NVDAUSDT	+0.0165%	8h	226.48	+0.085%	$155.1M	$221.0M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.19	−0.044%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.97	+0.300%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0285%	8h	226.45	+0.071%	$711K	$197K	20x	as long as short
edgeX NVDAUSDC	+0.0520%	4h	226.38	+0.042%	$171K	$1.9M	20x	as long as short