Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0777%/8h= +85.1% APRpaid last 24h +0.107%

Price spread now: edgeX against tradeXYZ+0.006%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs+$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.787%+$79 on $10k

Price spread, last 7 days+0.030%+$3 · spread now +0.006%, 7d avg +0.045%

Together, before fees+0.817%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$82 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.038% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.045%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.787% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NVDA	227.50	0.0050	pay 0.0006% / 1h	21m 18s	$147.9M	$44.1M	20x
Short	edgeX NVDAUSDC	227.51	0.0827	get 0.0414% / 4h	1h 21m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $163.27
Price spread: +0.006% → +0.045%: −$3.83
Slippage, 4 orders: −$8.55
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $123.89
Costs to cover: 0.356%
Break-even: 1.7 days

Slippage from tradeXYZ: live order book, 7 min ago; edgeX: live order book, 3 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 tradeXYZ live order book, 7 min ago	0.22 bp	9.5 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	3.52 bp	8.4 bp −$8	13.1 bp −$131	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
Hotstuff NVDA-PERP	−0.0008%	1h	227.49	−0.004%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.65	+0.066%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.66	+0.070%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.59	+0.040%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.69	+0.084%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.08	−0.185%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.114%	$198K	$477K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.62	+0.053%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0014%	8h	227.66	+0.069%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.54	+0.019%	$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
GRVT NVDA_USDT_Perp	+0.0018%	8h	227.61	+0.048%	$20K	$382K	10x	as long as short
Variational Omni NVDA	+0.0040%	8h	227.53	+0.012%	$3.5M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.50	0.000%	$406K	$746K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.63	+0.057%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.70	+0.088%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAlong	+0.0050%	1h	227.50	long leg	$147.9M	$44.1M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.62	+0.053%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.47	−0.013%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.088%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	+0.013%	$1.3M	$777K	10x	as long as short
Binance NVDAUSDT	+0.0099%	8h	227.69	+0.083%	$156.2M	$215.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.47	−0.015%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.40	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.61	+0.048%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.64	+0.060%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.55	+0.022%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0125%	1h	227.48	−0.009%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0135%	8h	227.63	+0.057%	$1.6M	$724K	20x	as long as short
Lighter NVDA	+0.0160%	1h	227.62	+0.051%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.74	+0.105%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0219%	8h	227.56	+0.026%	$723K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.316%	$73K	$138	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0278%	1h	227.58	+0.035%	$49K	$1.6M	10x	as long as short
Extended NVDA_24_5-USD	+0.0368%	1h	227.45	−0.022%	$689K	$724K	10x	as long as short
edgeX NVDAUSDCshort	+0.0827%	4h	227.51	+0.006%	$170K	$1.9M	20x