NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.029%

Price spread now: Phoenix against QFEX−0.066%7-day average −0.016% · 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−$37as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on QFEX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.066%, 7d avg −0.016%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.050% cheaper against QFEX than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.016%). If the spread goes back, that is −$5 on $10k: about 2.6 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.024% in total) that is about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	226.89	0.0042	pay 0.0005% / 1h	53m 32s	$1.3M	$9.1M	10x
Short	Phoenix NVDA	226.74	0.0106	get 0.0013% / 1h	53m 32s	$93K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.066%Rate

Funding earned: $13.5
Price spread: −0.066% → −0.016%: −$4.98
Slippage, 4 orders: −$14.96
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$23.44
Costs to cover: 0.320%
Break-even: 19.2 days

Slippage from QFEX: live order book, 5 min ago; Phoenix: live order book, 52 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	1.54 bp	6.5 bp −$7	8.6 bp −$86	14.1 bp −$1,414	doesn't fit
Sell Phoenix live order book, 52 min ago	3.08 bp	9.4 bp −$9	20.5 bp −$205	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	226.90	+0.006%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.87	−0.009%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.90	+0.004%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.83	−0.026%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.91	+0.009%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.86	−0.013%	$21K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.49	−0.176%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.77	−0.053%	$52K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.94	+0.022%	$198K	$463K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.89	0.000%	$2.2M	$43K	10x	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	+0.0008%	1h	226.66	−0.099%	$117K	$53K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	226.84	−0.024%	$3.6M	$2.1M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.84	−0.020%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.75	−0.062%	$398K	$732K	20x	as long as short
QFEX NVDA-USDlong	+0.0042%	1h	226.89	long leg	$1.3M	$9.1M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.01	+0.053%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.78	−0.048%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.86	−0.013%	$399K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.72	−0.075%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.57	−0.141%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0059%	1h	226.80	−0.039%	$482K	$226K	20x	as long as short
Binance NVDAUSDT	+0.0083%	8h	226.92	+0.013%	$155.2M	$217.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.77	−0.051%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.85	−0.018%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.70	−0.084%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.83	−0.026%	$36K	$21K	20x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	226.74	−0.066%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.80	−0.038%	—	—	10x	as long as short
Phoenix NVDAshort	+0.0106%	1h	226.74	−0.066%	$93K	$112K	20x
Lighter RH NVDA	+0.0120%	1h	227.02	+0.057%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.63	−0.115%	$1.3M	$782K	10x	as long as short
BloFin NVDA-USDT	+0.0204%	8h	226.89	0.000%	$719K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.101%	$73K	$135	30x	as long as short
Extended NVDA_24_5-USD	+0.0240%	1h	226.74	−0.066%	$668K	$767K	10x	as long as short
edgeX NVDAUSDC	+0.0853%	4h	226.81	−0.037%	$170K	$1.9M	20x	as long as short