Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.015%

Price spread now: QFEX against SunX+0.111%7-day average +0.115% · 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−$79as in the Price arb table

costs, in and out, $10k−$780.783% of the position

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.111%, 7d avg +0.115%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.115%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	226.01	0	get 0.0000% / 8h	10m 56s	$2K	$3.6M	20x
Short	QFEX NVDA-USD	226.26	0.0064	get 0.0008% / 1h	10m 56s	$1.3M	$9.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SunX. 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 SunXbpFee QFEXbpOrdersPrice spread, now +0.111%Rate

Funding earned: $13.49
Price spread: +0.111% → +0.115%: −$0.49
Slippage, 4 orders: −$60.34
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$65.34
Costs to cover: 0.783%
Break-even: 40.9 days

Slippage from SunX: live order book, 7 min ago; QFEX: live order book, 8 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 SunX live order book, 7 min ago	21.88 bp	38.5 bp −$38	67.8 bp −$678	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	1.99 bp	7.0 bp −$7	7.3 bp −$73	12.5 bp −$1,255	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	226.23	+0.097%	$12.4M	$14.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.25	+0.106%	$14.1M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.22	+0.093%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.31	+0.133%	$15.9M	$16.7M	100x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	226.01	long leg	$2K	$3.6M	20x
HTX NVDA-USDT	0.0000%	8h	226.32	+0.137%	$198K	$442K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.55	+0.239%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	226.21	+0.087%	$117K	$51K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.30	+0.128%	$392K	$738K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0042%	8h	226.47	+0.204%	$22K	$423K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NVDA-USD-PERP	+0.0046%	1h	226.30	+0.128%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	226.14	+0.058%	$35K	—	20x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.10	+0.040%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.08	+0.031%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0056%	8h	226.26	+0.109%	$481K	$530K	20x	as long as short
QFEX NVDA-USDshort	+0.0064%	1h	226.26	+0.111%	$1.3M	$9.1M	10x
Polymarket Perps NVDA-USD	+0.0082%	1h	226.18	+0.075%	$391K	$247K	10x	as long as short
Variational Omni NVDA	+0.0083%	8h	226.23	+0.096%	$3.5M	$2.3M	—	as long as short
tradeXYZ xyz:NVDA	+0.0086%	1h	226.10	+0.040%	$146.9M	$43.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.11	+0.044%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.28	+0.119%	$1.6M	$815K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.23	+0.097%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.24	+0.102%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	226.26	+0.112%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	+0.035%	$1.3M	$697K	10x	as long as short
Binance NVDAUSDT	+0.0142%	8h	226.25	+0.106%	$155.2M	$219.9M	50x	as long as short
Lighter NVDA	+0.0160%	1h	226.20	+0.084%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0171%	1h	226.08	+0.033%	$480K	$223K	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.29	+0.124%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.78	+0.341%	$73K	$139	30x	as long as short
Lighter RH NVDA	+0.0232%	1h	226.34	+0.146%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0262%	8h	226.33	+0.142%	$711K	$195K	20x	as long as short
Extended NVDA_24_5-USD	+0.0352%	1h	225.98	−0.013%	$644K	$875K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0502%	1h	226.18	+0.075%	$53K	$1.9M	10x	as long as short
edgeX NVDAUSDC	+0.0539%	4h	226.32	+0.135%	$170K	$1.9M	20x	as long as short