Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.011%

Price spread now: Hotstuff against Gate−0.079%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.079% cheaper against Gate than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 17 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	227.03	0	get 0.0000% / 8h	2h 36m	$7.2M	$9.4M	100x
Short	Hotstuff NVDA-PERP	226.85	0.0016	get 0.0002% / 1h	36m 36s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Gate. 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 GatebpFee HotstuffbpOrdersPrice spread, now −0.079%Rate

Funding earned: $3.36
Price spread: −0.079% → 0.000%: −$7.93
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$24.57
Costs to cover: 0.200%
Break-even: 58.2 days

Slippage unknown: Gate: live order book, 2 min ago; Hotstuff: no order-book sample. Net counts fees only.

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 Gate live order book, 2 min ago	0.66 bp	11.0 bp −$11	16.7 bp −$167	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	226.97	−0.025%	$473K	$550K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.05	+0.009%	$12.6M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.04	+0.004%	$14.3M	$21.1M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	227.03	long leg	$7.2M	$9.4M	100x
Variational Omni NVDA	0.0000%	8h	226.97	−0.028%	$3.4M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.97	−0.027%	$21K	$470K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.72	−0.137%	$3K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.99	−0.018%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.14	+0.048%	$202K	$530K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.03	0.000%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0005%	8h	227.07	+0.018%	$156.1M	$220.1M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	226.88	−0.065%	$118K	$54K	10x	as long as short
Hotstuff NVDA-PERPshort	+0.0016%	1h	226.85	−0.079%	$35K	—	20x
BloFin NVDA-USDT	+0.0021%	8h	227.07	+0.018%	$715K	$205K	20x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.05	+0.009%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.20	+0.075%	$4.8M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.94	−0.041%	$523K	$406K	10x	as long as short
Nado NVDA-PERP	+0.0040%	1h	226.98	−0.023%	$487K	$223K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.21	+0.079%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.96	−0.031%	$147.0M	$50.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.02	−0.004%	$390K	$235K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.92	−0.048%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.77	−0.115%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	226.86	−0.075%	$93K	$112K	20x	as long as short
Lighter NVDA	+0.0072%	1h	227.11	+0.034%	$2.1M	$3.3M	20x	as long as short
Bitget NVDAUSDT	+0.0074%	8h	227.08	+0.022%	$15.5M	$18.3M	100x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.05	+0.010%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.96	−0.030%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.03	0.000%	$1.6M	$751K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.90	−0.057%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.02	−0.004%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.95	−0.035%	$1.3M	$909K	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.30	+0.119%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.06	+0.013%	$395K	$683K	20x	as long as short
edgeX NVDAUSDC	+0.0809%	4h	226.99	−0.018%	$170K	$1.9M	20x	as long as short