Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h −0.011%

Price spread now: QFEX against Bitget−0.009%7-day average −0.062% · 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−$24as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.032%−$3 on $10k

Price spread, last 7 days−0.065%−$7 · spread now −0.009%, 7d avg −0.062%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.054% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NVDAUSDT	226.94	0	get 0.0000% / 8h	2h 49m	$15.4M	$16.3M	100x
Short	QFEX NVDA-USD	226.92	0.0042	get 0.0005% / 1h	49m 36s	$1.3M	$9.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $8.74
Price spread: −0.009% → −0.062%: $5.36
Slippage, 4 orders: −$7.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$14.92
Costs to cover: 0.290%
Break-even: 19.0 days

Slippage from Bitget: live order book, 4 min ago; QFEX: live order book, 4 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 Bitget live order book, 4 min ago	0.22 bp	7.1 bp −$7	10.4 bp −$104	23.1 bp −$2,314	doesn't fit
Sell QFEX live order book, 4 min ago	2.42 bp	7.4 bp −$7	7.4 bp −$74	12.5 bp −$1,254	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	226.88	−0.027%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.90	−0.018%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.89	−0.022%	$14.3M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.89	−0.022%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDTlong	0.0000%	8h	226.94	long leg	$15.4M	$16.3M	100x
GRVT NVDA_USDT_Perp	0.0000%	8h	226.94	−0.001%	$21K	$409K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.64	−0.132%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.86	−0.035%	$51K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.01	+0.031%	$198K	$462K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.95	+0.004%	$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	+0.0007%	1h	226.72	−0.096%	$117K	$53K	10x	as long as short
Variational Omni NVDA	+0.0009%	8h	226.94	−0.002%	$3.6M	$2.1M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.90	−0.020%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.84	−0.044%	$398K	$729K	20x	as long as short
QFEX NVDA-USDshort	+0.0042%	1h	226.92	−0.009%	$1.3M	$9.1M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.05	+0.048%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.79	−0.066%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.86	−0.035%	$399K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.80	−0.062%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.75	−0.084%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0054%	1h	226.85	−0.039%	$482K	$226K	20x	as long as short
edgeX NVDAUSDC	+0.0063%	4h	226.87	−0.030%	$170K	$1.9M	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	226.93	−0.004%	$155.2M	$217.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.81	−0.057%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.90	−0.018%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.81	−0.057%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.92	−0.009%	$36K	$21K	20x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	226.79	−0.066%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.92	−0.008%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.86	−0.035%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	227.07	+0.057%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.63	−0.137%	$1.3M	$781K	10x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	226.97	+0.013%	$718K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.079%	$73K	$136	30x	as long as short
Extended NVDA_24_5-USD	+0.0248%	1h	226.78	−0.071%	$668K	$767K	10x	as long as short