Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0774%/8h= +84.7% APRpaid last 24h +0.089%

Price spread now: edgeX against Extended+0.067%73s7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs+$53as 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−$270.268% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.799%+$80 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.067%, 7d avg +0.044%

Together, before fees+0.786%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$79 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and edgeX is 0.023% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.044%. The two prices were read 73 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	Extended NVDA_24_5-USD	227.56	0.0032	pay 0.0004% / 1h	38m 04s	$693K	$709K	10x
Short	edgeX NVDAUSDC	227.71	0.0806	get 0.0403% / 4h	2h 38m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.067%Rate

Funding earned: $162.51
Price spread: +0.067% → +0.044%: $2.34
Slippage, 4 orders: −$12.75
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $138.1
Costs to cover: 0.267%
Break-even: 1.1 days

Slippage from Extended: live order book, 30 min ago; edgeX: live order book, 1 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 Extended live order book, 30 min ago	0.44 bp	5.7 bp −$6	51.9 bp −$519	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	3.51 bp	8.4 bp −$8	13.8 bp −$138	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
Aster NVDAUSDT	0.0000%	8h	227.73	+0.073%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.71	+0.066%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.72	+0.070%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.66	+0.044%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.76	+0.088%	$15.4M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.24	−0.141%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.75	+0.083%	$198K	$500K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.77	+0.092%	$2.2M	$43K	10x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.58	+0.009%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.58	+0.009%	$118K	$54K	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	+0.0017%	8h	227.69	+0.057%	$3.5M	$1.9M	—	as long as short
Extended NVDA_24_5-USDlong	+0.0032%	1h	227.56	long leg	$693K	$709K	10x
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.004%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.71	+0.066%	$1.5M	$10.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	+0.123%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.60	+0.018%	$148.0M	$44.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.68	+0.053%	$402K	$280K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.58	+0.009%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.54	−0.009%	$1.5M	$2.1M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0052%	8h	227.71	+0.066%	$20K	$386K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.67	+0.048%	$49K	$1.5M	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.044%	$1.3M	$788K	10x	as long as short
Nado NVDA-PERP	+0.0073%	1h	227.63	+0.032%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	227.77	+0.092%	$156.3M	$216.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.60	+0.019%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.58	+0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.70	+0.062%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.70	+0.062%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.63	+0.031%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.77	+0.091%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.86	+0.132%	$5.1M	$7.0M	20x	as long as short
KuCoin NVDAUSDTM	+0.0134%	8h	227.73	+0.075%	$1.6M	$737K	20x	as long as short
BloFin NVDA-USDT	+0.0203%	8h	227.78	+0.097%	$723K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.96	+0.176%	$73K	$135	30x	as long as short
edgeX NVDAUSDCshort	+0.0806%	4h	227.71	+0.067%	$170K	$1.9M	20x