Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h −0.008%

Price spread now: QFEX against Aster+0.023%7-day average −0.018% · 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−$20as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.023%, 7d avg −0.018%

Together, before fees−0.164%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.042% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NVDAUSDT	227.73	0	get 0.0000% / 8h	7h 25m	$483K	$586K	20x
Short	QFEX NVDA-USD	227.78	0.0042	get 0.0005% / 1h	25m 48s	$1.6M	$11.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $8.75
Price spread: +0.023% → −0.018%: $4.16
Slippage, 4 orders: −$6.58
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$11.67
Costs to cover: 0.246%
Break-even: 16.3 days

Slippage from Aster: live order book, 47 min ago; QFEX: 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 Aster live order book, 47 min ago	0.88 bp	4.9 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.19 bp	7.2 bp −$7	7.2 bp −$72	12.2 bp −$1,225	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
Aster NVDAUSDTlong	0.0000%	8h	227.73	long leg	$483K	$586K	20x
Bybit NVDAUSDT	0.0000%	8h	227.91	+0.081%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.93	+0.089%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.83	+0.045%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.86	+0.057%	$3.5M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.49	−0.104%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.77	+0.019%	$198K	$510K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.93	+0.089%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0014%	8h	227.77	+0.021%	$21K	$394K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.64	−0.040%	$118K	$55K	10x	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	227.73	+0.002%	$524K	$474K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.69	−0.016%	$400K	$724K	20x	as long as short
QFEX NVDA-USDshort	+0.0042%	1h	227.78	+0.023%	$1.6M	$11.2M	10x
Bitget NVDAUSDT	+0.0045%	8h	227.98	+0.111%	$15.5M	$16.9M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.96	+0.103%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.80	+0.032%	$148.0M	$46.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.83	+0.045%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.77	+0.019%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.69	−0.016%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0055%	8h	227.94	+0.094%	$156.6M	$217.6M	50x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0057%	1h	227.86	+0.059%	$49K	$1.4M	10x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.79	+0.028%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.117%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0083%	1h	227.82	+0.041%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.86	+0.059%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.76	+0.013%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.70	−0.012%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.85	+0.054%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.64	−0.038%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.84	+0.050%	$1.6M	$740K	20x	as long as short
edgeX NVDAUSDC	+0.0142%	4h	227.84	+0.050%	$170K	$1.9M	20x	as long as short
Lighter NVDA	+0.0144%	1h	227.97	+0.109%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	228.10	+0.164%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0172%	8h	227.85	+0.054%	$716K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.217%	$73K	$138	30x	as long as short