Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0758%/8h= −83.0% APRpaid last 24h −0.080%

Price spread now: Gate against edgeX−0.039%97s7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as 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−$440.437% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.975%−$97 on $10k

Price spread, last 7 days+0.057%+$6 · spread now −0.039%, 7d avg +0.014%

Together, before fees−0.918%+ Points / potential airdropedgeX: Active · farm board−$92 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Gate is 0.053% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.014%). Swap the legs. The two prices were read 97 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	226.15	0.0758	pay 0.0379% / 4h	3h 27m	$171K	$1.9M	20x
Short	Gate NVDA_USDT	226.06	0	get 0.0000% / 8h	7h 27m	$7.2M	$10.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.039%Rate

Funding earned: −$159.26
Price spread: −0.039% → +0.014%: −$5.34
Slippage, 4 orders: −$19.7
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$208.3
Costs to cover: 0.437%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Gate: 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, 1 min ago	3.54 bp	8.4 bp −$8	13.0 bp −$130	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.44 bp	14.6 bp −$15	25.2 bp −$252	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	226.09	−0.026%	$12.5M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.06	−0.039%	$14.1M	$20.4M	50x	as long as short
Gate NVDA_USDTshort	0.0000%	8h	226.06	−0.039%	$7.2M	$10.0M	100x
Bitget NVDAUSDT	0.0000%	8h	226.19	+0.018%	$15.8M	$15.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.20	+0.022%	$21K	$429K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.78	−0.163%	$2K	$3.5M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.05	−0.044%	$53K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.19	+0.018%	$197K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.40	+0.111%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	225.99	−0.069%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.08	−0.032%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.01	−0.063%	$640K	$875K	10x	as long as short
Hotstuff NVDA-PERP	+0.0032%	1h	225.94	−0.093%	$35K	—	20x	as long as short
Lighter RH NVDA	+0.0040%	1h	226.24	+0.040%	$5.1M	$7.1M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.05	−0.044%	$391K	$738K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.26	+0.049%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	225.99	−0.070%	$146.7M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	225.93	−0.097%	$390K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	225.95	−0.088%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	225.84	−0.137%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0053%	1h	225.98	−0.074%	$480K	$222K	20x	as long as short
Aster NVDAUSDT	+0.0064%	8h	226.13	−0.007%	$483K	$544K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.06	−0.039%	$1.3M	$9.1M	10x	as long as short
Variational Omni NVDA	+0.0095%	8h	226.20	+0.021%	$3.2M	$2.5M	—	as long as short
Pacifica NVDA	+0.0100%	1h	225.93	−0.097%	$297K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.13	−0.008%	$1.6M	$976K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.07	−0.035%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.07	−0.035%	$36K	$20K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.08	−0.030%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.00	−0.066%	$1.3M	$688K	10x	as long as short
Binance NVDAUSDT	+0.0149%	8h	226.15	+0.002%	$155.0M	$221.4M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.04	−0.048%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.173%	$73K	$137	30x	as long as short
BloFin NVDA-USDT	+0.0270%	8h	226.12	−0.013%	$713K	$198K	20x	as long as short
edgeX NVDAUSDClong	+0.0758%	4h	226.15	long leg	$171K	$1.9M	20x