Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0972%/8h= −106.4% APRpaid last 24h −0.100%

Price spread now: Bitget against edgeX+0.005%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.766%−$77 on $10k

Price spread, last 7 days+0.062%+$6 · spread now +0.005%, 7d avg +0.057%

Together, before fees−0.704%+ Points / potential airdropedgeX: Active · farm board−$70 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Bitget is 0.052% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.057%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.66	0.0972	pay 0.0486% / 4h	17m 25s	$171K	$1.9M	20x
Short	Bitget NVDAUSDT	227.67	0	get 0.0000% / 8h	4h 17m	$15.5M	$16.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$204.04
Price spread: +0.005% → +0.057%: −$5.24
Slippage, 4 orders: −$10.05
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$240.33
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Bitget: live order book, 1 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 edgeX live order book, 2 min ago	3.52 bp	8.4 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.22 bp	7.1 bp −$7	9.1 bp −$91	26.8 bp −$2,675	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	227.62	−0.017%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.61	−0.022%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.55	−0.048%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDTshort	0.0000%	8h	227.67	+0.005%	$15.5M	$16.4M	100x
SunX NVDA-USDT	0.0000%	8h	227.32	−0.149%	$1K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	−0.008%	$198K	$469K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.78	+0.053%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.64	−0.010%	$118K	$54K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0027%	8h	227.68	+0.011%	$20K	$390K	10x	as long as short
Aster NVDAUSDT	+0.0033%	8h	227.68	+0.010%	$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
Arcus NVDA-USD	+0.0040%	1h	227.60	−0.026%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.76	+0.044%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.48	−0.079%	$147.8M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.61	−0.022%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.48	−0.079%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.37	−0.127%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.58	−0.035%	$1.3M	$9.2M	10x	as long as short
Variational Omni NVDA	+0.0063%	8h	227.74	+0.037%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0072%	1h	227.52	−0.061%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0080%	1h	227.63	−0.012%	$2.2M	$3.3M	20x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	227.49	−0.074%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.50	−0.069%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.52	−0.061%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.59	−0.030%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.057%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.62	−0.015%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0118%	8h	227.64	−0.008%	$156.2M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0132%	8h	227.70	+0.018%	$1.6M	$723K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.68	+0.009%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.79	+0.057%	$5.1M	$7.1M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.54	−0.052%	$49K	$1.6M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.110%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0238%	8h	227.70	+0.018%	$721K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0392%	1h	227.49	−0.074%	$679K	$743K	10x	as long as short
edgeX NVDAUSDClong	+0.0972%	4h	227.66	long leg	$171K	$1.9M	20x