Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.074%

Price spread now: Hotstuff against BloFin−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 BloFin 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 −$6 a day on $10k at the current rate, and Hotstuff is 0.083% cheaper against BloFin 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NVDA-USDT	227.78	0.0210	pay 0.0210% / 8h	5h 36m	$722K	$202K	20x
Short	Hotstuff NVDA-PERP	227.59	0	get 0.0000% / 1h	36m 28s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against BloFin. 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 BloFinbpFee HotstuffbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$44.13
Price spread: −0.083% → 0.000%: −$8.34
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$69.47
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago	0.22 bp	6.2 bp −$6	7.0 bp −$70	11.9 bp −$1,195	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
Bybit NVDAUSDT	0.0000%	8h	227.72	−0.026%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.74	−0.018%	$14.4M	$20.2M	50x	as long as short
Hotstuff NVDA-PERPshort	0.0000%	1h	227.59	−0.083%	$35K	—	20x
Gate NVDA_USDT	0.0000%	8h	227.68	−0.044%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.77	−0.004%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.72	−0.026%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.29	−0.215%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	−0.009%	$198K	$479K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.77	−0.004%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0007%	8h	227.76	−0.008%	$484K	$590K	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	+0.0011%	1h	227.53	−0.108%	$118K	$54K	10x	as long as short
Variational Omni NVDA	+0.0027%	8h	227.69	−0.039%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.72	−0.026%	$406K	$710K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.72	−0.026%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.78	0.000%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.56	−0.097%	$148.1M	$44.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.66	−0.053%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.59	−0.083%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.54	−0.105%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.140%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0091%	8h	227.75	−0.013%	$156.3M	$215.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.54	−0.105%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.56	−0.097%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.66	−0.053%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.74	−0.019%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.63	−0.066%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0118%	1h	227.57	−0.094%	$484K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0132%	8h	227.74	−0.018%	$1.6M	$723K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.71	−0.032%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.84	+0.026%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDTlong	+0.0210%	8h	227.78	long leg	$722K	$202K	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.092%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USD	+0.0296%	1h	227.49	−0.127%	$689K	$714K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0321%	1h	227.68	−0.044%	$49K	$1.6M	10x	as long as short
edgeX NVDAUSDC	+0.0993%	4h	227.68	−0.042%	$170K	$1.9M	20x	as long as short