Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.109%

Price spread now: Extended against edgeX−0.060%73s7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.265% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.822%−$82 on $10k

Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.060%, 7d avg −0.045%

Together, before fees−0.688%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$69 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 73 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	edgeX NVDAUSDC	227.55	0.0515	pay 0.0257% / 4h	40m 20s	$170K	$1.9M	20x
Short	Extended NVDA_24_5-USD	227.41	0.0456	get 0.0057% / 1h	40m 20s	$685K	$733K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$12.36
Price spread: −0.060% → −0.045%: −$1.46
Slippage, 4 orders: −$12.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$40.32
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Extended: live order book, 18 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	8.5 bp −$8	13.0 bp −$130	doesn't fit	doesn't fit
Sell Extended live order book, 18 min ago	0.22 bp	4.1 bp −$4	27.7 bp −$277	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
Bybit NVDAUSDT	0.0000%	8h	227.53	−0.007%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	−0.016%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.47	−0.033%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.58	+0.015%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.11	−0.191%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.42	−0.055%	$49K	$1.6M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.041%	$198K	$471K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.63	+0.037%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.42	−0.054%	$118K	$54K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.011%	$406K	$745K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0041%	8h	227.57	+0.012%	$483K	$590K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.70	+0.068%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.41	−0.060%	$147.7M	$43.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.53	−0.007%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.41	−0.060%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.108%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.46	−0.038%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0068%	8h	227.61	+0.028%	$20K	$388K	10x	as long as short
Variational Omni NVDA	+0.0073%	8h	227.50	−0.019%	$3.5M	$2.1M	—	as long as short
Lighter NVDA	+0.0080%	1h	227.49	−0.025%	$2.2M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0092%	1h	227.49	−0.023%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.46	−0.036%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.43	−0.051%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	−0.020%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.007%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.52	−0.012%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0125%	8h	227.53	−0.008%	$156.5M	$216.2M	50x	as long as short
Phoenix NVDA	+0.0141%	1h	227.46	−0.038%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0147%	8h	227.58	+0.015%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0160%	1h	227.65	+0.046%	$5.1M	$7.1M	20x	as long as short
Hotstuff NVDA-PERP	+0.0208%	1h	227.43	−0.051%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.213%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0246%	8h	227.57	+0.011%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USDshort	+0.0456%	1h	227.41	−0.060%	$685K	$733K	10x
edgeX NVDAUSDClong	+0.0515%	4h	227.55	long leg	$170K	$1.9M	20x