Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.081%

Price spread now: tradeXYZ against edgeX−0.041%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.756%−$76 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.041%, 7d avg −0.044%

Together, before fees−0.740%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$74 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: −$1 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	227.79	0.0078	pay 0.0039% / 4h	2h 13m	$170K	$1.9M	20x
Short	tradeXYZ xyz:NVDA	227.70	0.0050	get 0.0006% / 1h	13m 37s	$148.2M	$44.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$5.96
Price spread: −0.041% → −0.044%: $0.27
Slippage, 4 orders: −$8.59
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$41.28
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; tradeXYZ: 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, 5 min ago	3.51 bp	8.3 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.22 bp	9.3 bp −$9	11.0 bp −$110	doesn't fit	doesn't fit

NVDA on 34 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	227.81	+0.005%	$484K	$590K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.84	+0.020%	$12.7M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.80	+0.002%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.77	−0.011%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.85	+0.024%	$15.4M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.28	−0.226%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.84	+0.020%	$198K	$494K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.90	+0.046%	$2.2M	$43K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0012%	8h	227.85	+0.023%	$20K	$389K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.78	−0.005%	$118K	$54K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.72	−0.033%	$49K	$1.5M	10x	as long as short
Variational Omni NVDA	+0.0022%	8h	227.80	+0.004%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.67	−0.055%	$400K	$721K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.83	+0.016%	$1.4M	$9.9M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.95	+0.068%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	227.70	−0.041%	$148.2M	$44.6M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.78	−0.006%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.66	−0.059%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.64	−0.068%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.71	−0.037%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.147%	$1.3M	$783K	10x	as long as short
edgeX NVDAUSDClong	+0.0078%	4h	227.79	long leg	$170K	$1.9M	20x
Nado NVDA-PERP	+0.0080%	1h	227.71	−0.036%	$484K	$229K	20x	as long as short
Binance NVDAUSDT	+0.0084%	8h	227.84	+0.020%	$156.3M	$215.8M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.69	−0.045%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.68	−0.050%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.79	−0.002%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.78	−0.005%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.66	−0.059%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.85	+0.023%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTM	+0.0129%	8h	227.88	+0.038%	$1.6M	$736K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.97	+0.077%	$5.1M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0176%	1h	227.67	−0.055%	$689K	$714K	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.09	+0.130%	$73K	$138	30x	as long as short