Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h —

Price spread now: Hotstuff against Aevo−0.058%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hotstuff is 0.058% cheaper against Aevo than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NVDA-PERP	226.83	0.0104	pay 0.0013% / 1h	9m 42s	—	—	10x
Short	Hotstuff NVDA-PERP	226.70	0.0056	get 0.0007% / 1h	9m 42s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Aevo. 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 AevobpFee HotstuffbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$10.08
Price spread: −0.058% → 0.000%: −$5.84
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$36.92
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Hotstuff: no order-book sample. 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 Aevo no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Aevo and Hotstuff: 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	226.83	−0.001%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.82	−0.005%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.80	−0.014%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.87	+0.017%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.91	+0.034%	$21K	$403K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.44	−0.173%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.76	−0.032%	$49K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.87	+0.017%	$198K	$466K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.97	+0.061%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	226.89	+0.025%	$482K	$571K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0012%	1h	226.76	−0.034%	$117K	$53K	10x	as long as short
Variational Omni NVDA	+0.0022%	8h	226.80	−0.013%	$3.6M	$2.2M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.83	0.000%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.79	−0.019%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.83	−0.001%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.93	+0.043%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.71	−0.054%	$147.3M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.78	−0.023%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.68	−0.067%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.75	−0.036%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERPshort	+0.0056%	1h	226.70	−0.058%	$35K	—	20x
Nado NVDA-PERP	+0.0060%	1h	226.72	−0.048%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0089%	8h	226.88	+0.021%	$155.4M	$216.6M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.74	−0.040%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.85	+0.008%	$1.6M	$731K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.74	−0.041%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.80	−0.014%	$36K	$21K	20x	as long as short
Aevo NVDA-PERPlong	+0.0104%	1h	226.83	long leg	—	—	10x
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.66	−0.076%	$1.3M	$781K	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.00	+0.074%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	226.88	+0.021%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0210%	8h	226.85	+0.008%	$720K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0216%	1h	226.69	−0.065%	$672K	$765K	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.32	+0.215%	$73K	$139	30x	as long as short
edgeX NVDAUSDC	+0.0271%	4h	226.93	+0.044%	$170K	$1.9M	20x	as long as short