Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0318%/8h= −34.8% APRpaid last 24h −0.031%

Price spread now: Deribit against edgeX−0.021%7-day average −0.025% · 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−$29as in the Price arb table

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

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.503%−$50 on $10k

Price spread, last 4 days (all we have)−0.265%−$27 · spread now −0.021%, 7d avg −0.025%

Together, before fees−0.768%+ Points / potential airdropedgeX: Active · farm board−$77 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	226.20	0.0643	pay 0.0321% / 4h	3h 20m	$171K	$1.9M	20x
Short	Deribit NVDA_USDC-PERPETUAL	226.15	0.0325	get 0.0041% / 1h	20m 58s	$53K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$66.69
Price spread: −0.021% → −0.025%: $0.42
Slippage, 4 orders: −$13.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$95.3
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Deribit: live order book, 3 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, 3 min ago	3.32 bp	8.2 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	2.43 bp	6.4 bp −$6	8.0 bp −$80	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
Hotstuff NVDA-PERP	−0.0104%	1h	226.04	−0.070%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.22	+0.010%	$12.5M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.26	+0.027%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.18	−0.008%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.29	+0.041%	$15.8M	$15.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.22	+0.008%	$21K	$431K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.94	−0.114%	$2K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.28	+0.036%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.43	+0.103%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	225.98	−0.095%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.11	−0.039%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	225.99	−0.091%	$640K	$874K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.14	−0.026%	$392K	$739K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.30	+0.045%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.09	−0.048%	$146.9M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.05	−0.065%	$390K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.08	−0.052%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.01	−0.083%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0062%	1h	226.01	−0.084%	$480K	$222K	20x	as long as short
Aster NVDAUSDT	+0.0062%	8h	226.23	+0.015%	$483K	$544K	20x	as long as short
Lighter RH NVDA	+0.0064%	1h	226.28	+0.036%	$5.1M	$7.2M	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.20	+0.001%	$1.3M	$9.1M	10x	as long as short
Variational Omni NVDA	+0.0086%	8h	226.07	−0.056%	$3.2M	$2.5M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.02	−0.079%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.02	−0.079%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.19	−0.004%	$36K	$20K	20x	as long as short
KuCoin NVDAUSDTM	+0.0103%	8h	226.22	+0.010%	$1.6M	$999K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.22	+0.010%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.00	−0.088%	$1.3M	$682K	10x	as long as short
Binance NVDAUSDT	+0.0148%	8h	226.27	+0.030%	$155.1M	$222.2M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.03	−0.074%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.151%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0268%	8h	226.28	+0.036%	$715K	$200K	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0325%	1h	226.15	−0.021%	$53K	$1.9M	10x
edgeX NVDAUSDClong	+0.0643%	4h	226.20	long leg	$171K	$1.9M	20x