Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: HTX against Bybit+0.049%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.049%, 7d avg −0.012%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.060% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	226.44	0	get 0.0000% / 8h	2h 30m	$12.5M	$15.0M	100x
Short	HTX NVDA-USDT	226.55	0	get 0.0000% / 8h	2h 30m	$198K	$460K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → −0.012%: $6.03
Slippage, 4 orders: −$9.61
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$26.59
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; HTX: live order book, 17 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 Bybit live order book, 2 min ago	0.22 bp	6.8 bp −$7	9.9 bp −$99	56.9 bp −$5,687	doesn't fit
Sell HTX live order book, 17 min ago	0.66 bp	11.3 bp −$11	11.9 bp −$119	37.2 bp −$3,723	doesn't fit

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	226.43	−0.004%	$482K	$571K	20x	as long as short
Bybit NVDAUSDTlong	0.0000%	8h	226.44	long leg	$12.5M	$15.0M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.44	0.000%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.39	−0.022%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.42	−0.009%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.50	+0.026%	$21K	$410K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.13	−0.137%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	226.55	+0.049%	$198K	$460K	30x
Phemex NVDAUSDT	0.0000%	4h	226.68	+0.106%	$2.2M	$43K	10x	as long as short
Variational Omni NVDA	+0.0004%	8h	226.39	−0.022%	$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
Hotstuff NVDA-PERP	+0.0008%	1h	226.30	−0.062%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0010%	1h	226.37	−0.032%	$117K	$52K	10x	as long as short
Lighter NVDA	+0.0032%	1h	226.36	−0.037%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.44	0.000%	$397K	$728K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.37	−0.031%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.49	+0.022%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.27	−0.075%	$147.0M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.35	−0.040%	$398K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.26	−0.079%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.28	−0.071%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0073%	1h	226.26	−0.081%	$481K	$226K	20x	as long as short
Binance NVDAUSDT	+0.0078%	8h	226.45	+0.002%	$154.7M	$218.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.28	−0.069%	$297K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.51	+0.031%	$1.6M	$735K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.33	−0.049%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.36	−0.035%	$36K	$21K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	226.50	+0.026%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.40	−0.016%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.40	−0.018%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.38	−0.026%	$1.3M	$781K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0192%	1h	226.34	−0.044%	$53K	$1.8M	10x	as long as short
BloFin NVDA-USDT	+0.0198%	8h	226.45	+0.004%	$719K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.11	+0.296%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USD	+0.0304%	1h	226.26	−0.079%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0809%	4h	226.45	+0.006%	$170K	$1.9M	20x	as long as short