Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0004%/8hnext payment +$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: QFEX against Vest−0.083%7-day average — · you buy dearer than you sell

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

Long on Vest Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: 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 0.083% cheaper against Vest than usual: you would sell low and buy high, −$8 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	Vest NVDA-USD-PERP	227.75	0.0046	pay 0.0006% / 1h	22m 35s	—	$73K	25x
Short	QFEX NVDA-USD	227.56	0.0050	get 0.0006% / 1h	22m 35s	$1.5M	$10.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Vest. 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 VestbpFee QFEXbpOrdersPrice spread, now −0.083%Rate

Funding earned: $0.87
Price spread: −0.083% → 0.000%: −$8.34
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$19.47
Costs to cover: 0.120%
Break-even: 163.0 days

Slippage unknown: Vest: no order-book sample; QFEX: live order book, 10 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 Vest no order-book sample	—	—	—	—	—
Sell QFEX live order book, 10 min ago	1.32 bp	6.3 bp −$6	6.7 bp −$67	9.3 bp −$928	doesn't fit

Vest: 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
Bybit NVDAUSDT	0.0000%	8h	227.51	−0.105%	$12.8M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.53	−0.097%	$14.4M	$20.4M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.50	−0.110%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.46	−0.127%	$7.2M	$8.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.69	−0.026%	$20K	$486K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.19	−0.246%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.66	−0.040%	$197K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.60	−0.066%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0011%	8h	227.59	−0.069%	$3.3M	$2.2M	—	as long as short
Aster NVDAUSDT	+0.0029%	8h	227.56	−0.083%	$511K	$393K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.41	−0.149%	$534K	$336K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.56	−0.083%	$413K	$634K	20x	as long as short
Vest NVDA-USD-PERPlong	+0.0046%	1h	227.75	long leg	—	$73K	25x
QFEX NVDA-USDshort	+0.0050%	1h	227.56	−0.083%	$1.5M	$10.8M	10x
tradeXYZ xyz:NVDA	+0.0050%	1h	227.44	−0.136%	$147.6M	$47.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.50	−0.110%	$396K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.49	−0.114%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.33	−0.184%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0081%	8h	227.56	−0.085%	$156.6M	$208.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	−0.154%	$298K	$52K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.58	−0.075%	$1.6M	$706K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.58	−0.075%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.58	−0.075%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.54	−0.092%	$49K	$1.4M	10x	as long as short
Lighter RH NVDA	+0.0104%	1h	227.70	−0.022%	$4.8M	$6.8M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.59	−0.069%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0109%	1h	227.47	−0.123%	$478K	$216K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.55	−0.088%	$1.3M	$818K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0159%	1h	227.58	−0.077%	$118K	$53K	10x	as long as short
Bitget NVDAUSDT	+0.0185%	8h	227.59	−0.070%	$15.8M	$17.6M	100x	as long as short
Lighter NVDA	+0.0192%	1h	227.59	−0.069%	$2.1M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0201%	8h	227.59	−0.070%	$728K	$198K	20x	as long as short
Phoenix NVDA	+0.0211%	1h	227.65	−0.044%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.070%	$73K	$127	30x	as long as short
edgeX NVDAUSDC	+0.0873%	4h	227.67	−0.035%	$166K	$1.8M	20x	as long as short