Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h +0.081%

Price spread now: edgeX against Deribit+0.011%75s7-day average +0.025% · 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—prices read too far apart to compare

costs, in and out, $10k−$320.321% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.484%+$48 on $10k

Price spread, last 4 days (all we have)+0.276%+$28 · spread now +0.011%, 7d avg +0.025%

Together, before fees+0.760%+ Points / potential airdropedgeX: Active · farm board+$76 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair paid +0.484%, so the current rate has only just turned against you. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NVDA_USDC-PERPETUAL	227.63	0.0365	pay 0.0046% / 1h	4m 11s	$49K	$1.6M	10x
Short	edgeX NVDAUSDC	227.65	0.0279	get 0.0140% / 4h	1h 04m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$18.07
Price spread: +0.011% → +0.025%: −$1.41
Slippage, 4 orders: −$16.12
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$51.6
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Deribit: live order book, 5 min ago; edgeX: live order book, 5 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 Deribit live order book, 5 min ago	3.95 bp	7.5 bp −$7	8.2 bp −$82	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	3.51 bp	8.5 bp −$9	14.0 bp −$140	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	−0.0072%	1h	227.54	−0.040%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.67	+0.018%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.71	+0.035%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.64	+0.004%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.72	+0.040%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.28	−0.154%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.057%	$198K	$475K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.71	+0.035%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.55	−0.036%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0025%	8h	227.69	+0.027%	$483K	$590K	20x	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	+0.0031%	8h	227.69	+0.026%	$21K	$386K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	−0.026%	$406K	$745K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.67	+0.018%	$1.4M	$9.5M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.76	+0.057%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.53	−0.044%	$147.9M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.65	+0.009%	$402K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.54	−0.040%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.51	−0.053%	$1.6M	$2.0M	15x	as long as short
Variational Omni NVDA	+0.0052%	8h	227.61	−0.009%	$3.5M	$2.1M	—	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.044%	$1.3M	$775K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.58	−0.022%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.52	−0.048%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.67	+0.018%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0105%	1h	227.49	−0.062%	$94K	$112K	20x	as long as short
Binance NVDAUSDT	+0.0109%	8h	227.75	+0.052%	$156.3M	$215.8M	50x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.68	+0.021%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0129%	1h	227.55	−0.036%	$484K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0143%	8h	227.71	+0.035%	$1.6M	$726K	20x	as long as short
Lighter NVDA	+0.0160%	1h	227.67	+0.016%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.80	+0.075%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.98	+0.154%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0229%	8h	227.62	−0.004%	$722K	$201K	20x	as long as short
edgeX NVDAUSDCshort	+0.0279%	4h	227.65	+0.011%	$170K	$1.9M	20x
Deribit NVDA_USDC-PERPETUALlong	+0.0365%	1h	227.63	long leg	$49K	$1.6M	10x
Extended NVDA_24_5-USD	+0.0416%	1h	227.47	−0.070%	$686K	$733K	10x	as long as short