Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.098%

Price spread now: OKX against edgeX−0.004%51s7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as 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−$270.275% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.792%−$79 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.004%, 7d avg +0.039%

Together, before fees−0.767%+ Points / potential airdropedgeX: Active · farm board−$77 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.043% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.039%). Swap the legs. The two prices were read 51 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	226.42	0.0039	pay 0.0020% / 4h	1h 26m	$170K	$1.9M	20x
Short	OKX NVDA-USDT-SWAP	226.41	0	get 0.0000% / 8h	1h 26m	$14.1M	$20.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$8.27
Price spread: −0.004% → +0.039%: −$4.25
Slippage, 4 orders: −$8.49
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$40.02
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; OKX: live order book, 2 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	3.31 bp	8.3 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.22 bp	5.2 bp −$5	6.8 bp −$68	17.8 bp −$1,776	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	226.46	+0.018%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.43	+0.005%	$12.4M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAPshort	0.0000%	8h	226.41	−0.004%	$14.1M	$20.6M	50x
Gate NVDA_USDT	0.0000%	8h	226.39	−0.013%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.47	+0.023%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.34	−0.035%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.11	−0.136%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.52	+0.045%	$198K	$451K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.64	+0.098%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	226.21	−0.093%	$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
Variational Omni NVDA	+0.0016%	8h	226.32	−0.046%	$3.5M	$2.2M	—	as long as short
edgeX NVDAUSDClong	+0.0039%	4h	226.42	long leg	$170K	$1.9M	20x
Arcus NVDA-USD	+0.0040%	1h	226.37	−0.022%	$399K	$731K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.56	+0.062%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.31	−0.048%	$147.0M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.40	−0.008%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.35	−0.030%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.20	−0.097%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.46	+0.018%	$1.3M	$9.1M	10x	as long as short
Lighter NVDA	+0.0080%	1h	226.42	+0.001%	$2.1M	$3.3M	20x	as long as short
Hotstuff NVDA-PERP	+0.0080%	1h	226.35	−0.030%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0084%	8h	226.45	+0.015%	$154.5M	$218.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.30	−0.054%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.40	−0.008%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.36	−0.026%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.45	+0.014%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.42	+0.001%	$53K	$1.8M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.46	+0.020%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.39	−0.013%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.057%	$1.3M	$732K	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.56	+0.062%	$5.0M	$7.0M	20x	as long as short
Nado NVDA-PERP	+0.0124%	1h	226.30	−0.051%	$481K	$224K	20x	as long as short
BloFin NVDA-USDT	+0.0204%	8h	226.48	+0.027%	$715K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.111%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0416%	1h	226.32	−0.041%	$623K	$833K	10x	as long as short