Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0824%/8hpaid last 24h +0.117%

Price spread now: edgeX against QFEX+0.040%7-day average +0.005% · 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−$26as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.420%+$42 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.040%, 7d avg +0.005%

Together, before fees+0.379%+ Points / potential airdropedgeX: Active · farm board+$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and edgeX is 0.035% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	227.58	0.0050	pay 0.0006% / 1h	23m 25s	$1.5M	$10.8M	10x
Short	edgeX NVDAUSDC	227.67	0.0873	get 0.0437% / 4h	23m 25s	$166K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.040%Rate

Funding earned: $172.94
Price spread: +0.040% → +0.005%: $3.53
Slippage, 4 orders: −$10.15
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $147.32
Costs to cover: 0.291%
Break-even: 1.0 days

Slippage from QFEX: live order book, 10 min ago; edgeX: live order book, 5 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, 10 min ago	1.32 bp	6.3 bp −$6	6.7 bp −$67	9.3 bp −$932	doesn't fit
Sell edgeX live order book, 5 min ago	3.30 bp	8.2 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
Bybit NVDAUSDT	0.0000%	8h	227.55	−0.013%	$12.8M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.56	−0.009%	$14.4M	$20.4M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.49	−0.040%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.49	−0.040%	$7.2M	$8.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.69	+0.048%	$20K	$486K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.19	−0.171%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.66	+0.035%	$197K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	+0.026%	$2.2M	$41K	10x	as long as short
Variational Omni NVDA	+0.0011%	8h	227.59	+0.006%	$3.3M	$2.2M	—	as long as short
Aster NVDAUSDT	+0.0029%	8h	227.58	0.000%	$511K	$393K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.44	−0.062%	$530K	$332K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.61	+0.013%	$413K	$634K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.73	+0.066%	—	$73K	25x	as long as short
QFEX NVDA-USDlong	+0.0050%	1h	227.58	long leg	$1.5M	$10.8M	10x
tradeXYZ xyz:NVDA	+0.0050%	1h	227.49	−0.040%	$147.6M	$47.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.52	−0.026%	$396K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.49	−0.040%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.33	−0.110%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0081%	8h	227.59	+0.004%	$156.6M	$208.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.44	−0.060%	$299K	$52K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.59	+0.004%	$1.6M	$705K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.58	0.000%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.58	0.000%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.54	−0.018%	$49K	$1.4M	10x	as long as short
Lighter RH NVDA	+0.0104%	1h	227.74	+0.070%	$4.8M	$6.8M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.59	+0.006%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0109%	1h	227.47	−0.048%	$478K	$216K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.43	−0.066%	$1.3M	$816K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0159%	1h	227.58	−0.002%	$118K	$53K	10x	as long as short
Bitget NVDAUSDT	+0.0186%	8h	227.59	+0.004%	$15.8M	$17.6M	100x	as long as short
Lighter NVDA	+0.0192%	1h	227.65	+0.032%	$2.1M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	227.67	+0.040%	$728K	$198K	20x	as long as short
Phoenix NVDA	+0.0211%	1h	227.65	+0.031%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.145%	$73K	$127	30x	as long as short
edgeX NVDAUSDCshort	+0.0873%	4h	227.67	+0.040%	$166K	$1.8M	20x