Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0741%/8h= +81.1% APRpaid last 24h +0.113%

Price spread now: edgeX against SunX+0.159%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs+$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$810.805% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.934%+$93 on $10k

Price spread, last 3 days (all we have)+0.029%+$3 · spread now +0.159%, 7d avg +0.111%

Together, before fees+0.962%+ Points / potential airdropedgeX: Active · farm board+$96 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and edgeX is 0.048% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	226.88	0	get 0.0000% / 8h	1h 44m	$3K	$4.0M	20x
Short	edgeX NVDAUSDC	227.24	0.0741	get 0.0370% / 4h	1h 44m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SunX. 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 SunXbpFee edgeXbpOrdersPrice spread, now +0.159%Rate

Funding earned: $155.51
Price spread: +0.159% → +0.111%: $4.81
Slippage, 4 orders: −$63.54
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $79.78
Costs to cover: 0.805%
Break-even: 3.4 days

Slippage from SunX: live order book, 3 min ago; edgeX: live order book, 4 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 SunX live order book, 3 min ago	22.01 bp	38.2 bp −$38	67.4 bp −$674	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	3.30 bp	8.0 bp −$8	13.2 bp −$132	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
Hotstuff NVDA-PERP	−0.0032%	1h	227.10	+0.097%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.22	+0.150%	$474K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.27	+0.172%	$156.2M	$220.6M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.27	+0.172%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.25	+0.163%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.22	+0.150%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.24	+0.160%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.25	+0.163%	$20K	$452K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	226.88	long leg	$3K	$4.0M	20x
HTX NVDA-USDT	0.0000%	8h	227.31	+0.190%	$202K	$524K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.26	+0.167%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.14	+0.116%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0021%	8h	227.26	+0.167%	$15.6M	$18.2M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.12	+0.106%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.24	+0.159%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.35	+0.207%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.12	+0.106%	$147.1M	$50.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.20	+0.141%	$390K	$281K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.11	+0.101%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.06	+0.079%	$1.6M	$2.1M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.21	+0.145%	$49K	$1.5M	10x	as long as short
Nado NVDA-PERP	+0.0061%	1h	227.15	+0.117%	$483K	$227K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.12	+0.106%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.26	+0.168%	—	—	10x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.40	+0.229%	$4.9M	$7.0M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	+0.057%	$1.3M	$911K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.13	+0.109%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.25	+0.163%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.11	+0.101%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.25	+0.163%	$36K	$22K	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.28	+0.176%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.28	+0.175%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.63	+0.331%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.15	+0.119%	$388K	$709K	20x	as long as short
edgeX NVDAUSDCshort	+0.0741%	4h	227.24	+0.159%	$170K	$1.9M	20x