Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.004%

Price spread now: Aster against QFEX+0.035%7-day average +0.016% · 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−$21as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.155%+$15 · spread now +0.035%, 7d avg +0.016%

Together, before fees+0.169%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	227.47	0.0044	pay 0.0005% / 1h	47m 45s	$1.3M	$9.0M	10x
Short	Aster NVDAUSDT	227.55	0.0038	get 0.0038% / 8h	5h 47m	$484K	$565K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$1.28
Price spread: +0.035% → +0.016%: $1.93
Slippage, 4 orders: −$4.84
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.19
Costs to cover: 0.228%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Aster: live order book, 62 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 QFEX live order book, 4 min ago	1.32 bp	6.3 bp −$6	8.0 bp −$80	11.8 bp −$1,183	doesn't fit
Sell Aster live order book, 62 min ago	1.10 bp	5.1 bp −$5	9.8 bp −$98	225.1 bp −$22.5K	doesn't fit

NVDA on 35 exchanges

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	−0.1600%	1h	225.99	−0.651%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.49	+0.009%	$12.7M	$16.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.53	+0.026%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.46	−0.004%	$7.2M	$9.2M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.56	+0.040%	$15.7M	$16.1M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.13	−0.149%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.41	−0.026%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.51	+0.018%	$199K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.55	+0.035%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.41	−0.026%	$118K	$52K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0019%	8h	227.47	−0.001%	$20K	$432K	10x	as long as short
Lighter NVDA	+0.0032%	1h	227.44	−0.012%	$2.1M	$3.1M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.38	−0.041%	$613K	$939K	10x	as long as short
Aster NVDAUSDTshort	+0.0038%	8h	227.55	+0.035%	$484K	$565K	20x
QFEX NVDA-USDlong	+0.0044%	1h	227.47	long leg	$1.3M	$9.0M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.73	+0.114%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.36	−0.048%	$149.0M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.48	+0.004%	$392K	$237K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.45	−0.009%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.36	−0.048%	$1.5M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0094%	1h	227.48	+0.002%	$478K	$210K	20x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.59	+0.053%	$5.1M	$7.1M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.41	−0.026%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.36	−0.048%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.51	+0.018%	$36K	$19K	20x	as long as short
Variational Omni NVDA	+0.0116%	8h	227.53	+0.025%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	227.53	+0.028%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0132%	8h	227.52	+0.022%	$1.6M	$1.3M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.45	−0.448%	$1.3M	$657K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.50	+0.013%	$94K	$82K	20x	as long as short
Binance NVDAUSDT	+0.0171%	8h	227.50	+0.013%	$156.1M	$225.1M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.74	+0.119%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0288%	8h	227.59	+0.053%	$729K	$204K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.48	+0.004%	$384K	$704K	20x	as long as short
edgeX NVDAUSDC	+0.0913%	4h	227.49	+0.008%	$171K	$1.9M	20x	as long as short