Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.039%

Price spread now: QFEX against Hotstuff+0.062%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.062% dearer against Hotstuff than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NVDA-PERP	226.29	0.0056	pay 0.0007% / 1h	29m 19s	$35K	—	20x
Short	QFEX NVDA-USD	226.43	0.0056	get 0.0007% / 1h	29m 19s	$1.3M	$9.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Hotstuff. 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 HotstuffbpFee QFEXbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0.07
Price spread: +0.062% → 0.000%: $6.19
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$8.75
Costs to cover: 0.150%
Break-even: 918.0 days

Slippage unknown: Hotstuff: no order-book sample; QFEX: live order book, 5 min ago. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell QFEX live order book, 5 min ago	2.21 bp	7.2 bp −$7	7.5 bp −$75	12.8 bp −$1,281	doesn't fit

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	226.48	+0.085%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.44	+0.066%	$12.4M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.43	+0.062%	$14.1M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.39	+0.044%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.50	+0.093%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.34	+0.022%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.09	−0.088%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.075%	$198K	$452K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.60	+0.137%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.16	−0.056%	$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	+0.011%	$3.5M	$2.2M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.29	0.000%	$398K	$729K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.54	+0.110%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.32	+0.013%	$147.0M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.39	+0.044%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.29	0.000%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.08	−0.093%	$1.6M	$1.9M	15x	as long as short
Hotstuff NVDA-PERPlong	+0.0056%	1h	226.29	long leg	$35K	—	20x
QFEX NVDA-USDshort	+0.0056%	1h	226.43	+0.062%	$1.3M	$9.1M	10x
Binance NVDAUSDT	+0.0085%	8h	226.46	+0.075%	$154.5M	$217.9M	50x	as long as short
Lighter NVDA	+0.0088%	1h	226.41	+0.052%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.29	−0.002%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.34	+0.022%	$1.6M	$744K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.16	−0.057%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.41	+0.053%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.39	+0.044%	$53K	$1.8M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.44	+0.064%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.26	−0.013%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	0.000%	$1.3M	$732K	10x	as long as short
Nado NVDA-PERP	+0.0128%	1h	226.30	+0.004%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.54	+0.110%	$5.0M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0206%	8h	226.44	+0.066%	$714K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.168%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0440%	1h	226.27	−0.007%	$649K	$783K	10x	as long as short
edgeX NVDAUSDC	+0.0818%	4h	226.29	+0.002%	$170K	$1.9M	20x	as long as short