Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0392%/8h= −43.0% APRpaid last 24h −0.093%

Price spread now: Binance against edgeX−0.007%90s7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as 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−$270.267% of the position

Long on edgeX Short on Binance

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+0.029%+$3 · spread now −0.007%, 7d avg +0.042%

Together, before fees−0.716%+ Points / potential airdropedgeX: Active · farm board−$72 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Binance is 0.049% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.042%). Swap the legs. The two prices were read 90 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	edgeX NVDAUSDC	227.55	0.0515	pay 0.0257% / 4h	37m 56s	$170K	$1.9M	20x
Short	Binance NVDAUSDT	227.53	0.0123	get 0.0123% / 8h	4h 37m	$156.5M	$216.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now −0.007%Rate

Funding earned: −$82.38
Price spread: −0.007% → +0.042%: −$4.85
Slippage, 4 orders: −$7.74
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$113.97
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Binance: live order book, 6 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 edgeX live order book, 1 min ago	3.30 bp	8.2 bp −$8	12.8 bp −$128	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.22 bp	5.2 bp −$5	6.1 bp −$61	17.2 bp −$1,719	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	227.52	−0.011%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.49	−0.024%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.46	−0.038%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.56	+0.006%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.10	−0.196%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.44	−0.046%	$49K	$1.6M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.041%	$198K	$471K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.55	+0.002%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.42	−0.054%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0038%	8h	227.53	−0.007%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.011%	$406K	$745K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.66	+0.050%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.40	−0.064%	$147.7M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.50	−0.020%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.37	−0.077%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.27	−0.121%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.46	−0.038%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0066%	8h	227.61	+0.028%	$20K	$390K	10x	as long as short
Lighter NVDA	+0.0072%	1h	227.51	−0.016%	$2.2M	$3.3M	20x	as long as short
Variational Omni NVDA	+0.0073%	8h	227.50	−0.019%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0085%	1h	227.41	−0.060%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	−0.063%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.47	−0.033%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.48	−0.029%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.007%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.50	−0.022%	—	—	10x	as long as short
Binance NVDAUSDTshort	+0.0123%	8h	227.53	−0.007%	$156.5M	$216.2M	50x
Hotstuff NVDA-PERP	+0.0136%	1h	227.36	−0.082%	$35K	—	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.46	−0.038%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0144%	8h	227.54	−0.002%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.66	+0.050%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.213%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0244%	8h	227.57	+0.011%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0432%	1h	227.41	−0.057%	$685K	$733K	10x	as long as short
edgeX NVDAUSDClong	+0.0515%	4h	227.55	long leg	$170K	$1.9M	20x