Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.048%

Price spread now: HTX against Deribit+0.167%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.176%−$18 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.167%, 7d avg +0.012%

Together, before fees−0.305%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.155% dearer against Deribit than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of +0.012%): +$16 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 36 days. At the pace of the last 5 days (−0.176% in total) that is about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NVDA_USDC-PERPETUAL	226.88	0.0015	pay 0.0002% / 1h	22m 46s	$49K	$1.7M	10x
Short	HTX NVDA-USDT	227.26	0	get 0.0000% / 8h	3h 22m	$197K	$462K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$3.05
Price spread: +0.167% → +0.012%: $15.52
Slippage, 4 orders: −$15.63
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.15
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; HTX: live order book, 31 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 Deribit live order book, 1 min ago	3.74 bp	7.6 bp −$8	8.9 bp −$89	doesn't fit	doesn't fit
Sell HTX live order book, 31 min ago	0.22 bp	11.5 bp −$12	12.3 bp −$123	23.4 bp −$2,335	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
Bybit NVDAUSDT	0.0000%	8h	226.98	+0.044%	$12.6M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.97	+0.040%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.95	+0.031%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.02	+0.062%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.10	+0.097%	$21K	$396K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.60	−0.123%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.26	+0.167%	$197K	$462K	30x
Phemex NVDAUSDT	0.0000%	4h	227.21	+0.145%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0007%	8h	227.04	+0.071%	$482K	$569K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.00	+0.053%	$118K	$53K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NVDA_USDC-PERPETUALlong	+0.0015%	1h	226.88	long leg	$49K	$1.7M	10x
Lighter NVDA	+0.0032%	1h	226.94	+0.027%	$2.1M	$3.3M	20x	as long as short
Variational Omni NVDA	+0.0037%	8h	227.11	+0.103%	$3.6M	$2.2M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.04	+0.071%	$398K	$738K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.93	+0.022%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.10	+0.097%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.84	−0.018%	$147.4M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.94	+0.026%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.88	0.000%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.79	−0.040%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0053%	1h	226.96	+0.036%	$483K	$227K	20x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	226.93	+0.022%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0093%	8h	227.01	+0.057%	$155.6M	$216.3M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.89	+0.006%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.01	+0.057%	$1.6M	$728K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.07	+0.084%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.96	+0.035%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.96	+0.036%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.11	+0.101%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.11	+0.101%	$1.3M	$782K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.02	+0.062%	$93K	$112K	20x	as long as short
Extended NVDA_24_5-USD	+0.0176%	1h	226.79	−0.037%	$672K	$780K	10x	as long as short
BloFin NVDA-USDT	+0.0215%	8h	227.15	+0.119%	$718K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.52	+0.282%	$73K	$138	30x	as long as short
edgeX NVDAUSDC	+0.0414%	4h	227.23	+0.154%	$170K	$1.9M	20x	as long as short