Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0825%/8h= +90.3% APRpaid last 24h +0.107%

Price spread now: edgeX against tradeXYZ+0.057%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs+$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.787%+$79 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.057%, 7d avg +0.045%

Together, before fees+0.765%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$76 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NVDA	227.41	0.0050	pay 0.0006% / 1h	33m 27s	$147.7M	$43.7M	20x
Short	edgeX NVDAUSDC	227.54	0.0875	get 0.0437% / 4h	33m 27s	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now +0.057%Rate

Funding earned: $173.15
Price spread: +0.057% → +0.045%: $1.26
Slippage, 4 orders: −$8.34
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $139.06
Costs to cover: 0.353%
Break-even: 1.4 days

Slippage from tradeXYZ: live order book, 6 min ago; edgeX: live order book, just now.

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 tradeXYZ live order book, 6 min ago	0.22 bp	9.6 bp −$10	10.8 bp −$108	doesn't fit	doesn't fit
Sell edgeX live order book, just now	3.30 bp	8.2 bp −$8	13.1 bp −$131	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
Bybit NVDAUSDT	0.0000%	8h	227.56	+0.066%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.53	+0.053%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.50	+0.040%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.60	+0.084%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.19	−0.097%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.101%	$198K	$471K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.59	+0.079%	$2.2M	$43K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.47	+0.026%	$49K	$1.6M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	227.45	+0.017%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0035%	8h	227.56	+0.067%	$483K	$590K	20x	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	227.47	+0.026%	$400K	$745K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.66	+0.110%	—	$74K	25x	as long as short
GRVT NVDA_USDT_Perp	+0.0048%	8h	227.58	+0.076%	$21K	$391K	10x	as long as short
tradeXYZ xyz:NVDAlong	+0.0050%	1h	227.41	long leg	$147.7M	$43.7M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.52	+0.048%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.42	+0.004%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.31	−0.044%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.51	+0.044%	$1.4M	$9.3M	10x	as long as short
Lighter NVDA	+0.0064%	1h	227.52	+0.049%	$2.2M	$3.3M	20x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	227.41	0.000%	$35K	—	20x	as long as short
Variational Omni NVDA	+0.0068%	8h	227.54	+0.055%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0072%	1h	227.44	+0.012%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.42	+0.004%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.44	+0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	+0.040%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	+0.053%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.53	+0.051%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0120%	8h	227.58	+0.075%	$156.4M	$216.2M	50x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.67	+0.114%	$5.1M	$7.1M	20x	as long as short
KuCoin NVDAUSDTM	+0.0138%	8h	227.55	+0.062%	$1.6M	$725K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.45	+0.018%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.84	+0.189%	$73K	$137	30x	as long as short
BloFin NVDA-USDT	+0.0240%	8h	227.56	+0.066%	$721K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0392%	1h	227.39	−0.007%	$685K	$733K	10x	as long as short
edgeX NVDAUSDCshort	+0.0875%	4h	227.54	+0.057%	$170K	$1.9M	20x