Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.011%

Price spread now: QFEX against OKX+0.018%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.018%, 7d avg −0.046%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.063% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	227.47	0	get 0.0000% / 8h	36m 31s	$14.4M	$21.0M	50x
Short	QFEX NVDA-USD	227.51	0.0060	get 0.0008% / 1h	36m 31s	$1.6M	$11.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $12.63
Price spread: +0.018% → −0.046%: $6.31
Slippage, 4 orders: −$3.61
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$4.66
Costs to cover: 0.236%
Break-even: 9.6 days

Slippage from OKX: live order book, 2 min ago; QFEX: live order book, 7 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 OKX live order book, 2 min ago	0.22 bp	5.8 bp −$6	7.3 bp −$73	17.7 bp −$1,771	doesn't fit
Sell QFEX live order book, 7 min ago	1.32 bp	6.3 bp −$6	7.2 bp −$72	10.4 bp −$1,042	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	227.42	−0.022%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.47	0.000%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	227.47	long leg	$14.4M	$21.0M	50x
Gate NVDA_USDT	0.0000%	8h	227.37	−0.044%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.50	+0.012%	$3.6M	$2.1M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.53	+0.026%	$20K	$416K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.98	−0.215%	$3K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.004%	$198K	$523K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.55	+0.035%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0030%	1h	227.46	−0.002%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0045%	8h	227.48	+0.004%	$15.5M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.55	+0.035%	—	$74K	25x	as long as short
Binance NVDAUSDT	+0.0047%	8h	227.51	+0.017%	$156.3M	$220.0M	50x	as long as short
Extended NVDA_24_5-USD	+0.0048%	1h	227.27	−0.086%	$536K	$446K	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.33	−0.062%	$147.5M	$48.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.36	−0.048%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.34	−0.057%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.32	−0.066%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USDshort	+0.0060%	1h	227.51	+0.018%	$1.6M	$11.4M	10x
Hotstuff NVDA-PERP	+0.0064%	1h	227.33	−0.062%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0082%	1h	227.31	−0.071%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.47	+0.001%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.202%	$1.3M	$845K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.33	−0.062%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.018%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.39	−0.035%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.46	−0.004%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.40	−0.031%	$94K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.32	−0.066%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0166%	8h	227.49	+0.009%	$716K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.72	+0.110%	$73K	$136	30x	as long as short
Lighter RH NVDA	+0.0248%	1h	227.63	+0.070%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0256%	1h	227.51	+0.018%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0410%	1h	227.44	−0.013%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0914%	4h	227.50	+0.015%	$170K	$1.9M	20x	as long as short