Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h −0.014%

Price spread now: Hotstuff against Bybit−0.053%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Hotstuff

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 airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.053% cheaper against Bybit than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 28 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	227.45	0	get 0.0000% / 8h	1h 35m	$12.7M	$15.7M	100x
Short	Hotstuff NVDA-PERP	227.33	0.0152	get 0.0019% / 1h	35m 30s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bybit. 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 BybitbpFee HotstuffbpOrdersPrice spread, now −0.053%Rate

Funding earned: $31.92
Price spread: −0.053% → 0.000%: −$5.28
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $10.64
Costs to cover: 0.160%
Break-even: 4.7 days

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.22 bp	6.3 bp −$6	9.3 bp −$93	33.8 bp −$3,376	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	227.49	+0.017%	$474K	$578K	20x	as long as short
Bybit NVDAUSDTlong	0.0000%	8h	227.45	long leg	$12.7M	$15.7M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	227.45	0.000%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.41	−0.018%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.34	−0.049%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.43	−0.009%	$20K	$441K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.04	−0.180%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	−0.018%	$202K	$522K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.47	+0.009%	$2.2M	$41K	10x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.50	+0.023%	$156.2M	$220.8M	50x	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	227.17	−0.123%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0019%	8h	227.52	+0.031%	$15.6M	$18.0M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.27	−0.078%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.45	0.000%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.50	+0.022%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.30	−0.066%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	−0.031%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.29	−0.070%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.27	−0.079%	$1.6M	$2.1M	15x	as long as short
edgeX NVDAUSDC	+0.0055%	4h	227.46	+0.003%	$170K	$1.9M	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.25	−0.088%	$93K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0074%	1h	227.31	−0.061%	$484K	$227K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.45	0.000%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.193%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.30	−0.066%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.38	−0.031%	$1.6M	$752K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.22	−0.101%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.43	−0.009%	$36K	$22K	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.49	+0.018%	$714K	$205K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.59	+0.062%	$4.9M	$7.0M	20x	as long as short
Lighter NVDA	+0.0144%	1h	227.48	+0.014%	$2.1M	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.37	−0.035%	$49K	$1.5M	10x	as long as short
Hotstuff NVDA-PERPshort	+0.0152%	1h	227.33	−0.053%	$35K	—	20x
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.070%	$73K	$136	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.36	−0.040%	$388K	$709K	20x	as long as short