Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0320%/8h= −35.1% APRpaid last 24h −0.027%

Price spread now: HTX against Arcus+0.062%7-day average +0.068% · 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−$34as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.090%−$9 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.062%, 7d avg +0.068%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.090% in total (about -8.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	227.35	0.0320	pay 0.0040% / 1h	54m 16s	$384K	$704K	20x
Short	HTX NVDA-USDT	227.49	0	get 0.0000% / 8h	5h 54m	$199K	$400K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. 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 ArcusbpFee HTXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$67.29
Price spread: +0.062% → +0.068%: −$0.68
Slippage, 4 orders: −$17.05
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$101.52
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Arcus: live order book, 57 min ago; HTX: live order book, 57 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 Arcus live order book, 57 min ago	1.32 bp	7.0 bp −$7	8.0 bp −$80	doesn't fit	doesn't fit
Sell HTX live order book, 57 min ago	0.22 bp	12.9 bp −$13	13.9 bp −$139	26.3 bp −$2,632	doesn't fit

NVDA on 35 exchanges

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	−0.1600%	1h	225.99	−0.598%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.43	+0.035%	$12.8M	$15.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.44	+0.040%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.36	+0.004%	$7.2M	$9.1M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.47	+0.053%	$15.6M	$16.1M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.01	−0.150%	$3K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.27	−0.035%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.49	+0.062%	$199K	$400K	30x
Phemex NVDAUSDT	0.0000%	4h	227.45	+0.044%	$2.2M	$41K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0011%	8h	227.39	+0.017%	$20K	$432K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0013%	1h	227.28	−0.031%	$118K	$52K	10x	as long as short
Lighter NVDA	+0.0032%	1h	227.34	−0.004%	$2.1M	$3.1M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.24	−0.049%	$613K	$940K	10x	as long as short
Aster NVDAUSDT	+0.0036%	8h	227.26	−0.040%	$483K	$566K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.38	+0.013%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.54	+0.084%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.27	−0.035%	$148.7M	$45.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.31	−0.018%	$392K	$241K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.28	−0.031%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.19	−0.070%	$1.5M	$1.9M	15x	as long as short
Lighter RH NVDA	+0.0072%	1h	227.48	+0.057%	$5.1M	$7.1M	20x	as long as short
Nado NVDA-PERP	+0.0093%	1h	227.26	−0.037%	$478K	$210K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.24	−0.048%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.22	−0.057%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.38	+0.013%	$36K	$19K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.26	−0.040%	$93K	$82K	20x	as long as short
Variational Omni NVDA	+0.0110%	8h	227.33	−0.010%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	227.39	+0.017%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.35	0.000%	$1.6M	$1.3M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.45	−0.396%	$1.3M	$657K	10x	as long as short
Binance NVDAUSDT	+0.0164%	8h	227.43	+0.035%	$156.0M	$224.7M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.53	+0.079%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0282%	8h	227.47	+0.053%	$726K	$203K	20x	as long as short
Arcus NVDA-USDlong	+0.0320%	1h	227.35	long leg	$384K	$704K	20x
edgeX NVDAUSDC	+0.0597%	4h	227.32	−0.013%	$171K	$1.9M	20x	as long as short