NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.035%

Price spread now: Deribit against QFEX−0.018%7-day average −0.022% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on QFEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.134%+$13 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.018%, 7d avg −0.022%

Together, before fees+0.115%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: $0 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	227.71	0.0045	pay 0.0006% / 1h	38m 02s	$1.5M	$10.2M	10x
Short	Deribit NVDA_USDC-PERPETUAL	227.67	0.0058	get 0.0007% / 1h	38m 02s	$49K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.018%Rate

Funding earned: $2.66
Price spread: −0.018% → −0.022%: $0.46
Slippage, 4 orders: −$10.9
Fee QFEX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$24.78
Costs to cover: 0.279%
Break-even: 72.1 days

Slippage from QFEX: live order book, 6 min ago; Deribit: 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	7.4 bp −$74	13.7 bp −$1,367	doesn't fit
Sell Deribit live order book, 1 min ago	3.29 bp	7.2 bp −$7	7.7 bp −$77	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	+0.008%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.71	0.000%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.72	+0.004%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.66	−0.022%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.76	+0.022%	$15.4M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.24	−0.206%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.75	+0.018%	$198K	$500K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.77	+0.026%	$2.2M	$43K	10x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.58	−0.057%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.58	−0.057%	$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	−0.009%	$3.5M	$1.9M	—	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.56	−0.066%	$693K	$709K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	−0.061%	$400K	$724K	20x	as long as short
QFEX NVDA-USDlong	+0.0045%	1h	227.71	long leg	$1.5M	$10.2M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	+0.057%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.60	−0.048%	$148.0M	$44.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.68	−0.013%	$402K	$280K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.58	−0.057%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.54	−0.075%	$1.5M	$2.1M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0052%	8h	227.71	0.000%	$20K	$386K	10x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0058%	1h	227.67	−0.018%	$49K	$1.5M	10x
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.110%	$1.3M	$788K	10x	as long as short
Nado NVDA-PERP	+0.0073%	1h	227.63	−0.034%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	227.77	+0.026%	$156.3M	$216.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.60	−0.047%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.58	−0.057%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.70	−0.004%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.70	−0.004%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.63	−0.035%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.77	+0.025%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.86	+0.066%	$5.1M	$7.0M	20x	as long as short
KuCoin NVDAUSDTM	+0.0134%	8h	227.73	+0.009%	$1.6M	$737K	20x	as long as short
BloFin NVDA-USDT	+0.0203%	8h	227.78	+0.031%	$723K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.96	+0.110%	$73K	$135	30x	as long as short
edgeX NVDAUSDC	+0.0806%	4h	227.71	+0.001%	$170K	$1.9M	20x	as long as short