Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.011%

Price spread now: Bitget against QFEX+0.044%7-day average +0.062% · 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−$30as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.032%+$3 on $10k

Price spread, last 7 days+0.030%+$3 · spread now +0.044%, 7d avg +0.062%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, 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	QFEX NVDA-USD	227.44	0.0041	pay 0.0005% / 1h	47m 44s	$1.3M	$9.1M	10x
Short	Bitget NVDAUSDT	227.54	0	get 0.0000% / 8h	3h 47m	$15.4M	$16.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$8.53
Price spread: +0.044% → +0.062%: −$1.84
Slippage, 4 orders: −$6.02
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$38.4
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Bitget: 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 QFEX live order book, 6 min ago	1.76 bp	6.8 bp −$7	8.4 bp −$84	13.0 bp −$1,297	doesn't fit
Sell Bitget live order book, 1 min ago	0.22 bp	7.4 bp −$7	10.6 bp −$106	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
Bybit NVDAUSDT	0.0000%	8h	227.46	+0.009%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.50	+0.026%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.43	−0.004%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDTshort	0.0000%	8h	227.54	+0.044%	$15.4M	$16.3M	100x
GRVT NVDA_USDT_Perp	0.0000%	8h	227.53	+0.040%	$20K	$390K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.01	−0.189%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.60	+0.070%	$198K	$465K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.56	+0.053%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.32	−0.054%	$118K	$53K	10x	as long as short
Aster NVDAUSDT	+0.0018%	8h	227.52	+0.035%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0040%	1h	227.33	−0.048%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.40	−0.018%	$399K	$741K	20x	as long as short
QFEX NVDA-USDlong	+0.0041%	1h	227.44	long leg	$1.3M	$9.1M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.54	+0.044%	—	$74K	25x	as long as short
Lighter NVDA	+0.0048%	1h	227.43	−0.006%	$2.2M	$3.3M	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.32	−0.053%	$147.7M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.42	−0.009%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.25	−0.084%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.21	−0.101%	$1.6M	$2.0M	15x	as long as short
Variational Omni NVDA	+0.0052%	8h	227.47	+0.011%	$3.6M	$2.2M	—	as long as short
Nado NVDA-PERP	+0.0057%	1h	227.34	−0.043%	$484K	$227K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.32	−0.051%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.41	−0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.43	−0.004%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.40	−0.018%	$49K	$1.7M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.44	+0.002%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0104%	8h	227.49	+0.023%	$156.0M	$215.9M	50x	as long as short
KuCoin NVDAUSDTM	+0.0111%	8h	227.48	+0.018%	$1.6M	$724K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.53	+0.040%	$1.3M	$775K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.30	−0.062%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.59	+0.066%	$5.1M	$7.1M	20x	as long as short
edgeX NVDAUSDC	+0.0174%	4h	227.50	+0.029%	$171K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.83	+0.171%	$73K	$136	30x	as long as short
Extended NVDA_24_5-USD	+0.0224%	1h	227.28	−0.068%	$674K	$778K	10x	as long as short
BloFin NVDA-USDT	+0.0225%	8h	227.51	+0.031%	$719K	$201K	20x	as long as short