Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0459%/8h= −50.3% APRpaid last 24h −0.075%

Price spread now: BloFin against edgeX−0.009%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.613%−$61 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now −0.009%, 7d avg +0.011%

Together, before fees−0.683%+ Points / potential airdropedgeX: Active · farm board−$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and BloFin is 0.021% cheaper against edgeX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.43	0.0616	pay 0.0308% / 4h	14m 34s	$171K	$1.9M	20x
Short	BloFin NVDA-USDT	227.41	0.0156	get 0.0156% / 8h	14m 34s	$716K	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$96.49
Price spread: −0.009% → +0.011%: −$2.07
Slippage, 4 orders: −$8.25
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$127.81
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; BloFin: live order book, 62 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, 4 min ago	3.52 bp	8.4 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit
Sell BloFin live order book, 62 min ago	0.22 bp	6.2 bp −$6	6.7 bp −$67	13.3 bp −$1,334	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 NVDAUSDT	0.0000%	8h	227.42	−0.005%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.36	−0.031%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.35	−0.036%	$14.4M	$20.9M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.33	−0.044%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.42	−0.004%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.43	−0.001%	$21K	$410K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.90	−0.234%	$3K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.40	−0.014%	$198K	$525K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.48	+0.022%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0023%	1h	227.16	−0.118%	$118K	$56K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0031%	8h	227.36	−0.031%	$15.5M	$17.5M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.25	−0.082%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0039%	8h	227.37	−0.027%	$156.2M	$219.4M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.50	+0.030%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.25	−0.080%	$147.9M	$48.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.33	−0.044%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.24	−0.084%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.26	−0.075%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.40	−0.014%	$1.6M	$11.5M	10x	as long as short
Nado NVDA-PERP	+0.0062%	1h	227.28	−0.067%	$483K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.39	−0.016%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.185%	$1.3M	$844K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.26	−0.077%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.29	−0.062%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.37	−0.027%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.31	−0.053%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0107%	8h	227.42	−0.005%	$1.6M	$743K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.21	−0.097%	$399K	$724K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.35	−0.036%	$49K	$1.4M	10x	as long as short
BloFin NVDA-USDTshort	+0.0156%	8h	227.41	−0.009%	$716K	$205K	20x
Hotstuff NVDA-PERP	+0.0160%	1h	227.24	−0.084%	$35K	—	20x	as long as short
Lighter NVDA	+0.0200%	1h	227.41	−0.009%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0200%	1h	227.52	+0.039%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.65	+0.096%	$73K	$139	30x	as long as short
edgeX NVDAUSDClong	+0.0616%	4h	227.43	long leg	$171K	$1.9M	20x