NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h +0.001%

Price spread now: Polymarket Perps against QFEX−0.075%7-day average −0.029% · 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−$30as in the Price arb table

costs, in and out, $10k−$250.255% of the position

Long on QFEX Short on Polymarket Perps

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+0.008%+$1 · spread now −0.075%, 7d avg −0.029%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Polymarket Perps is 0.047% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	226.26	0.0072	pay 0.0009% / 1h	37m 07s	$1.3M	$9.0M	10x
Short	Polymarket Perps NVDA-USD	226.09	0.0050	get 0.0006% / 1h	37m 07s	$391K	$240K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$4.6
Price spread: −0.075% → −0.029%: −$4.66
Slippage, 4 orders: −$7.48
Fee QFEX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$34.75
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; Polymarket Perps: live order book, 60 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, 7 min ago	1.11 bp	6.1 bp −$6	6.1 bp −$61	10.5 bp −$1,050	doesn't fit
Sell Polymarket Perps live order book, 60 min ago	2.21 bp	6.2 bp −$6	7.0 bp −$70	9.3 bp −$926	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	226.17	−0.040%	$12.5M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.19	−0.031%	$14.1M	$20.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.17	−0.040%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.25	−0.004%	$15.8M	$16.1M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.29	+0.013%	$21K	$428K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.93	−0.146%	$2K	$3.5M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.16	−0.044%	$53K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.31	+0.022%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.48	+0.097%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	226.09	−0.076%	$117K	$52K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.17	−0.042%	$2.1M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0032%	1h	226.33	+0.031%	$5.1M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.10	−0.071%	$644K	$872K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.20	−0.027%	$392K	$736K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.37	+0.049%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.07	−0.084%	$146.8M	$43.0M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	226.09	−0.075%	$391K	$240K	10x
SoDEX NVDA-USD	+0.0050%	1h	226.08	−0.080%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.03	−0.102%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0057%	1h	226.12	−0.062%	$480K	$222K	20x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	226.09	−0.075%	$35K	—	20x	as long as short
QFEX NVDA-USDlong	+0.0072%	1h	226.26	long leg	$1.3M	$9.0M	10x
Aster NVDAUSDT	+0.0074%	8h	226.24	−0.010%	$481K	$538K	20x	as long as short
edgeX NVDAUSDC	+0.0081%	4h	226.27	+0.007%	$171K	$1.9M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.06	−0.088%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.17	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.19	−0.031%	$36K	$20K	20x	as long as short
Variational Omni NVDA	+0.0103%	8h	226.23	−0.014%	$3.2M	$2.5M	—	as long as short
KuCoin NVDAUSDTM	+0.0105%	8h	226.25	−0.004%	$1.6M	$939K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.23	−0.014%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.29	+0.013%	$1.3M	$687K	10x	as long as short
Binance NVDAUSDT	+0.0159%	8h	226.22	−0.018%	$154.9M	$220.9M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.13	−0.057%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.97	+0.314%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0279%	8h	226.29	+0.013%	$715K	$197K	20x	as long as short