Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.035%

Price spread now: HTX against Extended+0.108%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.108%, 7d avg +0.034%

Together, before fees−0.385%+ Points / potential airdropExtended: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.074% dearer against Extended than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.034%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	225.95	0.0032	pay 0.0004% / 1h	28m 50s	$640K	$875K	10x
Short	HTX NVDA-USDT	226.19	0	get 0.0000% / 8h	7h 28m	$198K	$437K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$6.72
Price spread: +0.108% → +0.034%: $7.36
Slippage, 4 orders: −$14.73
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$31.09
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; HTX: live order book, 5 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 Extended live order book, 4 min ago	0.22 bp	3.6 bp −$4	27.2 bp −$272	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	0.22 bp	13.1 bp −$13	15.4 bp −$154	27.1 bp −$2,712	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	226.03	+0.037%	$12.5M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.06	+0.050%	$14.1M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.04	+0.042%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.15	+0.090%	$15.8M	$15.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.20	+0.112%	$21K	$429K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.80	−0.065%	$2K	$3.5M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.02	+0.033%	$53K	$1.9M	10x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	226.19	+0.108%	$198K	$437K	30x
Phemex NVDAUSDT	0.0000%	4h	226.37	+0.188%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	226.00	+0.026%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.04	+0.040%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USDlong	+0.0032%	1h	225.95	long leg	$640K	$875K	10x
Lighter RH NVDA	+0.0040%	1h	226.20	+0.112%	$5.1M	$7.1M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.01	+0.028%	$391K	$738K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.22	+0.121%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	225.95	+0.002%	$146.7M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	225.90	−0.020%	$390K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	225.95	+0.002%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	225.84	−0.047%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0054%	1h	226.01	+0.027%	$480K	$222K	20x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	225.93	−0.007%	$35K	—	20x	as long as short
Aster NVDAUSDT	+0.0064%	8h	226.08	+0.060%	$483K	$544K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.02	+0.033%	$1.3M	$9.1M	10x	as long as short
Variational Omni NVDA	+0.0095%	8h	226.20	+0.111%	$3.2M	$2.5M	—	as long as short
Pacifica NVDA	+0.0100%	1h	225.96	+0.004%	$297K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.10	+0.068%	$1.6M	$972K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.07	+0.055%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.08	+0.059%	$36K	$20K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.06	+0.050%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.00	+0.024%	$1.3M	$688K	10x	as long as short
Binance NVDAUSDT	+0.0149%	8h	226.08	+0.060%	$154.8M	$221.2M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.04	+0.042%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.263%	$73K	$137	30x	as long as short
BloFin NVDA-USDT	+0.0270%	8h	226.12	+0.077%	$713K	$198K	20x	as long as short
edgeX NVDAUSDC	+0.0758%	4h	226.15	+0.090%	$171K	$1.9M	20x	as long as short