Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.040%

Price spread now: HTX against Coinbase International+0.136%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.208%−$21 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.136%, 7d avg +0.041%

Together, before fees−0.248%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.095% dearer against Coinbase International than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of +0.041%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	227.46	0.0080	pay 0.0010% / 1h	30m 23s	$1.3M	$800K	10x
Short	HTX NVDA-USDT	227.77	0	get 0.0000% / 8h	7h 30m	$198K	$511K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now +0.136%Rate

Funding earned: −$16.8
Price spread: +0.136% → +0.041%: $9.51
Slippage, 4 orders: −$19.19
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$48.48
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; HTX: live order book, 43 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 Coinbase International live order book, 3 min ago	3.30 bp	8.7 bp −$9	10.4 bp −$104	doesn't fit	doesn't fit
Sell HTX live order book, 43 min ago	0.22 bp	13.3 bp −$13	15.1 bp −$151	39.3 bp −$3,935	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	227.60	+0.062%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.81	+0.154%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.81	+0.154%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.73	+0.119%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.79	+0.145%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.38	−0.035%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.77	+0.136%	$198K	$511K	30x
Phemex NVDAUSDT	0.0000%	4h	227.81	+0.154%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0009%	8h	227.62	+0.070%	$20K	$395K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	227.51	+0.023%	$118K	$55K	10x	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	+0.0024%	1h	227.63	+0.075%	$35K	—	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.57	+0.048%	$525K	$472K	10x	as long as short
Bitget NVDAUSDT	+0.0037%	8h	227.84	+0.167%	$15.5M	$16.9M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.55	+0.040%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.75	+0.127%	$1.6M	$11.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.82	+0.158%	—	$74K	25x	as long as short
Binance NVDAUSDT	+0.0047%	8h	227.84	+0.167%	$156.5M	$217.4M	50x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.63	+0.075%	$147.8M	$46.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.71	+0.110%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.65	+0.084%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.55	+0.040%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0080%	1h	227.46	long leg	$1.3M	$800K	10x
Nado NVDA-PERP	+0.0080%	1h	227.63	+0.074%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.78	+0.142%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.65	+0.084%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	+0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.76	+0.132%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.61	+0.066%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0126%	8h	227.70	+0.106%	$1.6M	$742K	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.78	+0.141%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.91	+0.198%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0166%	8h	227.82	+0.158%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.334%	$73K	$138	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0321%	1h	227.77	+0.136%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0627%	4h	227.62	+0.069%	$170K	$1.9M	20x	as long as short