Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0908%/8h= −99.4% APRpaid last 24h −0.113%

Price spread now: HTX against edgeX+0.037%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.934%−$93 on $10k

Price spread, last 3 days (all we have)−0.175%−$17 · spread now +0.037%, 7d avg −0.016%

Together, before fees−1.108%+ Points / potential airdropedgeX: Active · farm board−$111 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.053% dearer against edgeX than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.016%): +$5 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.934% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.16	0.0908	pay 0.0454% / 4h	1h 58m	$170K	$1.9M	20x
Short	HTX NVDA-USDT	227.24	0	get 0.0000% / 8h	1h 58m	$202K	$525K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against edgeX. 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 edgeXbpFee HTXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$190.63
Price spread: +0.037% → −0.016%: $5.34
Slippage, 4 orders: −$12.66
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$218.95
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; HTX: live order book, 25 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 edgeX live order book, 5 min ago	3.30 bp	8.2 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell HTX live order book, 25 min ago	0.22 bp	9.7 bp −$10	11.7 bp −$117	21.9 bp −$2,187	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	227.04	−0.049%	$473K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.17	+0.008%	$156.2M	$220.8M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.09	−0.029%	$12.6M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.12	−0.016%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.10	−0.025%	$7.2M	$9.4M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.16	+0.001%	$3.5M	$2.4M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.13	−0.013%	$21K	$462K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.88	−0.121%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.08	−0.033%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.24	+0.037%	$202K	$525K	30x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.17	+0.006%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.97	−0.083%	$117K	$55K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	226.98	−0.077%	$35K	—	20x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.11	−0.020%	$1.6M	$11.3M	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.00	−0.070%	$522K	$409K	10x	as long as short
Bitget NVDAUSDT	+0.0035%	8h	227.20	+0.019%	$15.6M	$18.3M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.26	+0.046%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.00	−0.069%	$147.0M	$50.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.12	−0.016%	$400K	$261K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.01	−0.064%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.95	−0.091%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.02	−0.060%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.15	−0.001%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0083%	1h	227.01	−0.065%	$487K	$226K	20x	as long as short
Lighter NVDA	+0.0096%	1h	227.19	+0.014%	$2.1M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.29	+0.059%	$4.9M	$7.0M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.064%	$1.3M	$911K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.99	−0.073%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.13	−0.011%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.03	−0.055%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.13	−0.011%	$36K	$22K	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.15	−0.003%	$715K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.40	+0.108%	$73K	$134	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.09	−0.029%	$384K	$695K	20x	as long as short
edgeX NVDAUSDClong	+0.0908%	4h	227.16	long leg	$170K	$1.9M	20x