Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.014%

Price spread now: HTX against QFEX+0.061%7-day average −0.012% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 3 days (all we have)−0.062%−$6 · spread now +0.061%, 7d avg −0.012%

Together, before fees−0.082%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.074% dearer against QFEX than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of −0.012%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.9 days. At the pace of the last 3 days (−0.020% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	227.73	0.0042	pay 0.0005% / 1h	22m 53s	$1.6M	$11.1M	10x
Short	HTX NVDA-USDT	227.87	0	get 0.0000% / 8h	7h 22m	$198K	$510K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$8.75
Price spread: +0.061% → −0.012%: $7.37
Slippage, 4 orders: −$16.61
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$39.98
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; HTX: live order book, 51 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, 6 min ago	2.19 bp	7.2 bp −$7	8.2 bp −$82	12.1 bp −$1,205	doesn't fit
Sell HTX live order book, 51 min ago	0.22 bp	13.3 bp −$13	15.1 bp −$151	39.3 bp −$3,935	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	227.64	−0.041%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.79	+0.026%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.76	+0.013%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.73	0.000%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.86	+0.056%	$3.5M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.37	−0.158%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.87	+0.061%	$198K	$510K	30x
Phemex NVDAUSDT	0.0000%	4h	227.86	+0.057%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.78	+0.021%	$118K	$55K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.68	−0.024%	$524K	$474K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.65	−0.035%	$400K	$724K	20x	as long as short
QFEX NVDA-USDlong	+0.0042%	1h	227.73	long leg	$1.6M	$11.1M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.86	+0.057%	—	$74K	25x	as long as short
Bitget NVDAUSDT	+0.0046%	8h	227.85	+0.053%	$15.5M	$16.9M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.63	−0.044%	$147.8M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.73	0.000%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.63	−0.044%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.63	−0.044%	$1.6M	$2.1M	15x	as long as short
Binance NVDAUSDT	+0.0056%	8h	227.86	+0.057%	$156.5M	$217.6M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.119%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0081%	1h	227.65	−0.035%	$484K	$229K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0092%	8h	227.86	+0.057%	$20K	$387K	10x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.76	+0.013%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.61	−0.051%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.73	0.000%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.78	+0.022%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0101%	1h	227.73	0.000%	$49K	$1.4M	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.81	+0.035%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.86	+0.057%	$1.6M	$740K	20x	as long as short
Lighter NVDA	+0.0144%	1h	227.81	+0.034%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.94	+0.092%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0176%	8h	227.82	+0.040%	$718K	$205K	20x	as long as short
edgeX NVDAUSDC	+0.0181%	4h	227.87	+0.060%	$170K	$1.9M	20x	as long as short
Hotstuff NVDA-PERP	+0.0192%	1h	227.53	−0.088%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.215%	$73K	$138	30x	as long as short