Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.055%

Price spread now: Hotstuff against Binance−0.078%52s7-day average — · you buy dearer than you sell

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

Long on Binance Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—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 −$2 a day on $10k at the current rate, and Hotstuff is 0.078% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	226.51	0.0081	pay 0.0081% / 8h	2h 20m	$154.4M	$218.4M	50x
Short	Hotstuff NVDA-PERP	226.33	0.0016	get 0.0002% / 1h	20m 50s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Binance. 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 BinancebpFee HotstuffbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$13.66
Price spread: −0.078% → 0.000%: −$7.83
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$36.5
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 8 min ago; 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 Binance live order book, 8 min ago	0.22 bp	5.2 bp −$5	6.1 bp −$61	17.2 bp −$1,717	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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
Aster NVDAUSDT	0.0000%	8h	226.52	+0.004%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.47	−0.017%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.49	−0.008%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.45	−0.025%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.60	+0.041%	$15.2M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.43	−0.032%	$22K	$412K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.24	−0.118%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.55	+0.019%	$198K	$459K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.63	+0.054%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0006%	8h	226.43	−0.036%	$3.6M	$2.1M	—	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	226.38	−0.055%	$117K	$52K	10x	as long as short
Hotstuff NVDA-PERPshort	+0.0016%	1h	226.33	−0.078%	$35K	—	20x
Arcus NVDA-USD	+0.0040%	1h	226.36	−0.065%	$398K	$728K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.39	−0.052%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.53	+0.010%	—	$74K	25x	as long as short
Lighter NVDA	+0.0048%	1h	226.47	−0.015%	$2.1M	$3.4M	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.36	−0.065%	$147.0M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.37	−0.061%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.30	−0.092%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.19	−0.140%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0079%	1h	226.32	−0.082%	$481K	$227K	20x	as long as short
Binance NVDAUSDTlong	+0.0081%	8h	226.51	long leg	$154.4M	$218.4M	50x
Pacifica NVDA	+0.0100%	1h	226.33	−0.079%	$297K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.44	−0.030%	$1.6M	$740K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.27	−0.105%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.39	−0.052%	$36K	$21K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	226.60	+0.041%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.40	−0.046%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.31	−0.087%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.096%	$1.3M	$789K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0148%	1h	226.33	−0.078%	$53K	$1.8M	10x	as long as short
edgeX NVDAUSDC	+0.0200%	4h	226.41	−0.044%	$170K	$1.9M	20x	as long as short
BloFin NVDA-USDT	+0.0201%	8h	226.44	−0.030%	$715K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.71	+0.089%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0336%	1h	226.29	−0.096%	$668K	$766K	10x	as long as short