NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.05 per $10,000 · paid last 24h +0.033%

Price spread now: Deribit against QFEX−0.013%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on QFEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.150%+$15 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.013%, 7d avg −0.023%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.150%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	227.58	0.0044	pay 0.0005% / 1h	4m 12s	$1.4M	$9.0M	10x
Short	Deribit NVDA_USDC-PERPETUAL	227.55	0	get 0.0000% / 1h	4m 12s	$16K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against QFEX. 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 QFEXbpFee DeribitbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$9.24
Price spread: −0.013% → −0.023%: $0.95
Slippage, 4 orders: −$11.31
Fee QFEX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$36.6
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from QFEX: live order book, 8 min ago; Deribit: live order book, 3 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 QFEX live order book, 8 min ago	1.98 bp	7.0 bp −$7	7.0 bp −$70	10.8 bp −$1,084	doesn't fit
Sell Deribit live order book, 3 min ago	0.22 bp	6.8 bp −$7	7.8 bp −$78	doesn't fit	doesn't fit

NVDA on 35 exchanges

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
Hotstuff NVDA-PERP	−0.1600%	1h	227.50	−0.035%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.68	+0.044%	$12.7M	$16.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.70	+0.053%	$14.5M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.65	+0.031%	$7.2M	$9.3M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.72	+0.062%	$15.7M	$15.8M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.25	−0.145%	$2K	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	0.0000%	1h	227.55	−0.013%	$16K	$1.9M	10x
HTX NVDA-USDT	0.0000%	8h	227.51	−0.031%	$199K	$399K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.73	+0.066%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.47	−0.050%	$117K	$52K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	227.63	+0.024%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.50	−0.035%	$610K	$930K	10x	as long as short
QFEX NVDA-USDlong	+0.0044%	1h	227.58	long leg	$1.4M	$9.0M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	+0.114%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.57	−0.004%	$149.4M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.62	+0.018%	$392K	$212K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.57	−0.004%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.49	−0.040%	$1.5M	$2.0M	15x	as long as short
Aster NVDAUSDT	+0.0054%	8h	227.62	+0.018%	$484K	$565K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0079%	8h	227.64	+0.026%	$20K	$418K	10x	as long as short
Nado NVDA-PERP	+0.0085%	1h	227.56	−0.009%	$479K	$208K	20x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.81	+0.101%	$5.3M	$7.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.50	−0.035%	$299K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.53	−0.022%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.63	+0.022%	$36K	$19K	20x	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.64	+0.026%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	227.41	−0.075%	$1.3M	$672K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.59	+0.004%	$94K	$82K	20x	as long as short
Variational Omni NVDA	+0.0144%	8h	227.62	+0.020%	$3.3M	$2.4M	—	as long as short
KuCoin NVDAUSDTM	+0.0155%	8h	227.67	+0.040%	$1.6M	$1.5M	20x	as long as short
Binance NVDAUSDT	+0.0190%	8h	227.69	+0.048%	$155.8M	$224.8M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.74	+0.070%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0249%	4h	227.64	+0.025%	$171K	$1.9M	20x	as long as short
BloFin NVDA-USDT	+0.0312%	8h	227.69	+0.048%	$736K	$202K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.61	+0.013%	$385K	$719K	20x	as long as short