Settings8H · net · $10k
Funding arb · Price arb /

NVDA

RWAall NVDA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0171%/8h= −18.8% APRpaid last 24h −0.125%
Price spread now: SunX against edgeX−0.224%7-day average −0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$800.805% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.935%−$93 on $10k
Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.224%, 7d avg −0.114%
Together, before fees−0.864%+ Points / potential airdropedgeX: Active · farm board−$86 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and SunX is 0.110% cheaper against edgeX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.114%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX NVDAUSDC227.750.0171pay 0.0086% / 4h1h 52m$170K$1.9M20x
ShortSunX NVDA-USDT227.240get 0.0000% / 8h5h 52m$2K$3.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$35.97
Price spread: −0.224% → −0.114%
−$11.03
Slippage, 4 orders
−$63.49
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$127.49
Costs to cover
0.805%
Break-even
never at this rate
Slippage from edgeX: live order book, 1 min ago; SunX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 1 min ago3.29 bp8.3 bp −$812.8 bp −$128doesn't fitdoesn't fit
Sell SunX live order book, 5 min ago21.96 bp26.0 bp −$2655.7 bp −$557doesn't fitdoesn't fit

NVDA on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NVDAUSDT0.0000%8h227.69−0.027%$12.7M$14.8M100xas long as short
OKX NVDA-USDT-SWAP0.0000%8h227.70−0.022%$14.4M$20.2M50xas long as short
Gate NVDA_USDT0.0000%8h227.66−0.040%$7.2M$9.6M100xas long as short
Bitget NVDAUSDT0.0000%8h227.76+0.004%$15.4M$16.3M100xas long as short
GRVT NVDA_USDT_Perp0.0000%8h227.76+0.004%$20K$386K10xas long as short
SunX NVDA-USDTshort0.0000%8h227.24−0.224%$2K$3.7M20x
HTX NVDA-USDT0.0000%8h227.84+0.039%$198K$481K30xas long as short
Phemex NVDAUSDT0.0000%4h227.81+0.026%$2.2M$43K10xas long as short
Aster NVDAUSDT+0.0003%8h227.77+0.008%$484K$590K20xas long as short
Aftermath Perps NVDAUSD+0.0013%1h227.53−0.096%$118K$54K10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NVDA-PERP+0.0016%1h227.59−0.071%$35K20xas long as short
Variational Omni NVDA+0.0024%8h227.76+0.003%$3.5M$2.0Mas long as short
Arcus NVDA-USD+0.0040%1h227.73−0.009%$406K$712K20xas long as short
QFEX NVDA-USD+0.0044%1h227.72−0.013%$1.4M$9.7M10xas long as short
Vest NVDA-USD-PERP+0.0046%1h227.78+0.013%$74K25xas long as short
tradeXYZ xyz:NVDA+0.0050%1h227.55−0.088%$148.1M$44.2M20xas long as short
Polymarket Perps NVDA-USD+0.0050%1h227.64−0.049%$402K$277K10xas long as short
SoDEX NVDA-USD+0.0050%1h227.55−0.088%$58K$19K10xas long as short
Ondo Perps NVDA-USD.P+0.0050%1h227.51−0.106%$1.6M$2.0M15xas long as short
Coinbase International NVDA-PERP-INTX+0.0072%1h227.46−0.128%$1.3M$776K10xas long as short
Binance NVDAUSDT+0.0088%8h227.73−0.010%$156.3M$215.2M50xas long as short
Pacifica NVDA+0.0100%1h227.57−0.081%$299K$60K10xas long as short
ApeX Omni NVDAUSDT+0.0100%1h227.57−0.079%$16K$44K50xas long as short
Orderly PERP_NVDA_USDC+0.0100%8h227.67−0.035%$36K$22K20xas long as short
Aevo NVDA-PERP+0.0104%1h227.71−0.020%10xas long as short
Phoenix NVDA+0.0105%1h227.64−0.049%$94K$112K20xas long as short
KuCoin NVDAUSDTM+0.0131%8h227.79+0.017%$1.6M$726K20xas long as short
Nado NVDA-PERP+0.0162%1h227.54−0.094%$484K$229K20xas long as short
edgeX NVDAUSDClong+0.0171%4h227.75long leg$170K$1.9M20x
Lighter NVDA+0.0200%1h227.72−0.011%$2.2M$3.2M20xas long as short
Injective NVDA/USDC PERP+0.0220%1h227.91+0.070%$73K$13430xas long as short
Extended NVDA_24_5-USD+0.0224%1h227.53−0.095%$689K$714K10xas long as short
Lighter RH NVDA+0.0232%1h227.85+0.044%$5.1M$7.0M20xas long as short
Deribit NVDA_USDC-PERPETUAL+0.0233%1h227.65−0.044%$49K$1.6M10xas long as short