NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0408%/8h= +44.6% APRnext payment +$0.51 per $10,000 · paid last 24h +0.012%

Price spread now: Extended against QFEX−0.088%7-day average −0.041% · 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−$31as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on QFEX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.088%, 7d avg −0.041%

Together, before fees+0.110%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.048% cheaper against QFEX than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.041%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$12 a day). At the pace of the last 4 days (+0.023% in total) that is about 7.7 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.023% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	226.33	0.0056	pay 0.0007% / 1h	41m 25s	$1.3M	$9.1M	10x
Short	Extended NVDA_24_5-USD	226.13	0.0464	get 0.0058% / 1h	41m 25s	$667K	$762K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.088%Rate

Funding earned: $85.61
Price spread: −0.088% → −0.041%: −$4.78
Slippage, 4 orders: −$11.04
Fee QFEX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $54.79
Costs to cover: 0.260%
Break-even: 2.5 days

Slippage from QFEX: live order book, 8 min ago; Extended: live order book, 2 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, 8 min ago	1.54 bp	6.5 bp −$7	6.5 bp −$65	11.1 bp −$1,110	doesn't fit
Sell Extended live order book, 2 min ago	0.22 bp	4.4 bp −$4	43.8 bp −$438	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	226.34	+0.004%	$12.4M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.32	−0.004%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.27	−0.027%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.35	+0.009%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.41	+0.035%	$21K	$423K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.97	−0.159%	$3K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.38	+0.022%	$198K	$453K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.65	+0.141%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	226.35	+0.008%	$482K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.32	−0.004%	$117K	$51K	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	+0.0018%	8h	226.33	−0.002%	$3.6M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.30	−0.013%	$398K	$735K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.40	+0.031%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.19	−0.062%	$146.9M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.27	−0.027%	$398K	$279K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.23	−0.044%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.16	−0.075%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USDlong	+0.0056%	1h	226.33	long leg	$1.3M	$9.1M	10x
Binance NVDAUSDT	+0.0089%	8h	226.32	−0.007%	$154.3M	$219.2M	50x	as long as short
Lighter NVDA	+0.0096%	1h	226.29	−0.016%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.20	−0.058%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.36	+0.013%	$1.6M	$749K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.18	−0.066%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.30	−0.013%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.32	−0.003%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.20	−0.057%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.018%	$1.3M	$789K	10x	as long as short
Hotstuff NVDA-PERP	+0.0128%	1h	226.18	−0.066%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0151%	1h	226.18	−0.066%	$480K	$226K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	226.42	+0.040%	$5.0M	$6.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0192%	1h	226.27	−0.027%	$52K	$1.8M	10x	as long as short
BloFin NVDA-USDT	+0.0208%	8h	226.44	+0.049%	$716K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.01	+0.300%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USDshort	+0.0464%	1h	226.13	−0.088%	$667K	$762K	10x
edgeX NVDAUSDC	+0.0544%	4h	226.32	−0.003%	$170K	$1.9M	20x	as long as short