NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0086%/8h= −9.5% APRnext payment −$0.11 per $10,000 · paid last 24h −0.024%

Price spread now: QFEX against Coinbase International−0.031%7-day average +0.056% · 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−$40as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.031%, 7d avg +0.056%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.087% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.056%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	226.38	0.0128	pay 0.0016% / 1h	26m 35s	$1.3M	$781K	10x
Short	QFEX NVDA-USD	226.31	0.0042	get 0.0005% / 1h	26m 35s	$1.3M	$9.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Coinbase International. 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 Coinbase InternationalbpFee QFEXbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$18.14
Price spread: −0.031% → +0.056%: −$8.69
Slippage, 4 orders: −$11.27
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$58.11
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; QFEX: live order book, 12 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 Coinbase International live order book, 2 min ago	3.09 bp	8.8 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell QFEX live order book, 12 min ago	2.21 bp	7.2 bp −$7	7.2 bp −$72	12.4 bp −$1,236	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
Hotstuff NVDA-PERP	−0.0040%	1h	226.20	−0.080%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	226.37	−0.006%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.31	−0.031%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.33	−0.022%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.30	−0.035%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.37	−0.004%	$15.2M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.46	+0.034%	$21K	$409K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.03	−0.155%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.55	+0.075%	$198K	$460K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.47	+0.040%	$2.2M	$42K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0004%	8h	226.39	+0.004%	$3.6M	$2.1M	—	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	226.33	−0.021%	$117K	$52K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0015%	1h	226.24	−0.062%	$53K	$1.8M	10x	as long as short
Lighter NVDA	+0.0032%	1h	226.31	−0.030%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.31	−0.031%	$397K	$726K	20x	as long as short
QFEX NVDA-USDshort	+0.0042%	1h	226.31	−0.031%	$1.3M	$9.1M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	226.42	+0.018%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.21	−0.075%	$147.0M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.28	−0.044%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.19	−0.084%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.17	−0.093%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0077%	1h	226.21	−0.074%	$481K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0079%	8h	226.36	−0.008%	$154.4M	$218.3M	50x	as long as short
edgeX NVDAUSDC	+0.0093%	4h	226.45	+0.031%	$170K	$1.9M	20x	as long as short
Lighter RH NVDA	+0.0096%	1h	226.45	+0.031%	$5.0M	$7.1M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.23	−0.064%	$297K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.35	−0.013%	$1.6M	$739K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.25	−0.057%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.27	−0.049%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.30	−0.035%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.30	−0.035%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0128%	1h	226.38	long leg	$1.3M	$781K	10x
BloFin NVDA-USDT	+0.0199%	8h	226.43	+0.022%	$716K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.71	+0.146%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0312%	1h	226.13	−0.113%	$668K	$766K	10x	as long as short