Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0737%/8h= +80.7% APRpaid last 24h +0.093%

Price spread now: edgeX against Binance−0.016%60s7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs+$48as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.268% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.745%+$74 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.016%, 7d avg −0.042%

Together, before fees+0.738%+ Points / potential airdropedgeX: Active · farm board+$74 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and edgeX is 0.026% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.042%. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	227.60	0.0115	pay 0.0115% / 8h	4h 12m	$156.2M	$215.8M	50x
Short	edgeX NVDAUSDC	227.56	0.0852	get 0.0426% / 4h	12m 39s	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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 BinancebpFee edgeXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $154.74
Price spread: −0.016% → −0.042%: $2.57
Slippage, 4 orders: −$7.79
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $130.52
Costs to cover: 0.268%
Break-even: 1.1 days

Slippage from Binance: live order book, 16 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 Binance live order book, 16 min ago	0.22 bp	5.2 bp −$5	6.2 bp −$62	16.5 bp −$1,653	doesn't fit
Sell edgeX live order book, 1 min ago	3.30 bp	8.1 bp −$8	13.4 bp −$134	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
Bybit NVDAUSDT	0.0000%	8h	227.57	−0.012%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.57	−0.012%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.52	−0.034%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.61	+0.006%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.26	−0.148%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.019%	$198K	$469K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.66	+0.027%	$2.2M	$43K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.51	−0.038%	$49K	$1.6M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.55	−0.021%	$118K	$54K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0021%	8h	227.63	+0.014%	$20K	$390K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0031%	8h	227.59	−0.004%	$483K	$590K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.54	−0.025%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.71	+0.049%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.45	−0.065%	$147.8M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	−0.016%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.45	−0.065%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.36	−0.104%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.55	−0.021%	$1.3M	$9.2M	10x	as long as short
Variational Omni NVDA	+0.0062%	8h	227.60	−0.001%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0070%	1h	227.48	−0.050%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0072%	1h	227.56	−0.015%	$2.2M	$3.3M	20x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.44	−0.069%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.47	−0.057%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.47	−0.056%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.56	−0.016%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.030%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.58	−0.006%	—	—	10x	as long as short
Binance NVDAUSDTlong	+0.0115%	8h	227.60	long leg	$156.2M	$215.8M	50x
KuCoin NVDAUSDTM	+0.0130%	8h	227.62	+0.010%	$1.6M	$722K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.52	−0.034%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.73	+0.058%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.137%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0236%	8h	227.63	+0.014%	$721K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	227.44	−0.069%	$675K	$748K	10x	as long as short
edgeX NVDAUSDCshort	+0.0852%	4h	227.56	−0.016%	$170K	$1.9M	20x