Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0677%/8h= +74.2% APRpaid last 24h +0.115%

Price spread now: edgeX against SunX+0.164%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$800.804% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.945%+$94 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.164%, 7d avg +0.117%

Together, before fees+0.969%+ Points / potential airdropedgeX: Active · farm board+$97 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and edgeX is 0.047% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	226.41	0	get 0.0000% / 8h	3h 02m	$2K	$3.7M	20x
Short	edgeX NVDAUSDC	226.78	0.0677	get 0.0339% / 4h	3h 02m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SunX. 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 SunXbpFee edgeXbpOrdersPrice spread, now +0.164%Rate

Funding earned: $142.22
Price spread: +0.164% → +0.117%: $4.7
Slippage, 4 orders: −$63.38
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $66.54
Costs to cover: 0.804%
Break-even: 3.7 days

Slippage from SunX: live order book, 5 min ago; edgeX: live order book, 1 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 SunX live order book, 5 min ago	22.06 bp	38.2 bp −$38	67.5 bp −$675	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	3.31 bp	8.2 bp −$8	13.2 bp −$132	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	226.78	+0.163%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.75	+0.150%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.77	+0.159%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.72	+0.137%	$7.3M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.82	+0.181%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.80	+0.172%	$21K	$404K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	226.41	long leg	$2K	$3.7M	20x
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.69	+0.124%	$50K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.87	+0.203%	$198K	$464K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.94	+0.234%	$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
Hotstuff NVDA-PERP	+0.0008%	1h	226.67	+0.115%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	226.62	+0.092%	$117K	$53K	10x	as long as short
Variational Omni NVDA	+0.0019%	8h	226.82	+0.179%	$3.6M	$2.1M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.74	+0.144%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.72	+0.137%	$398K	$733K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.77	+0.159%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.89	+0.212%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.61	+0.088%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.72	+0.137%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.63	+0.097%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	+0.066%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0061%	1h	226.72	+0.136%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0087%	8h	226.77	+0.160%	$155.1M	$216.8M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.71	+0.134%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.80	+0.172%	$1.6M	$732K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.56	+0.066%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.73	+0.141%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.76	+0.156%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.92	+0.225%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.66	+0.110%	$1.3M	$781K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	226.71	+0.133%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0206%	8h	226.80	+0.172%	$717K	$190K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.314%	$73K	$140	30x	as long as short
Extended NVDA_24_5-USD	+0.0224%	1h	226.57	+0.073%	$670K	$765K	10x	as long as short
edgeX NVDAUSDCshort	+0.0677%	4h	226.78	+0.164%	$170K	$1.9M	20x