Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h −0.025%

Price spread now: Hotstuff against GRVT−0.083%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Hotstuff is 0.083% cheaper against GRVT than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NVDA_USDT_Perp	227.60	0.0068	pay 0.0068% / 8h	4h 47m	$20K	$386K	10x
Short	Hotstuff NVDA-PERP	227.41	0.0176	get 0.0022% / 1h	47m 16s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against GRVT. 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 GRVTbpFee HotstuffbpOrdersPrice spread, now −0.083%Rate

Funding earned: $22.68
Price spread: −0.083% → 0.000%: −$8.35
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $0.33
Costs to cover: 0.140%
Break-even: 6.9 days

Slippage unknown: GRVT: live order book, 10 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 GRVT live order book, 10 min ago	1.54 bp	6.0 bp −$6	10.0 bp −$100	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
Bybit NVDAUSDT	0.0000%	8h	227.56	−0.018%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	−0.040%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.51	−0.040%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.61	+0.004%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.16	−0.193%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.018%	$198K	$472K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.62	+0.009%	$2.2M	$43K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.50	−0.044%	$49K	$1.6M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0019%	1h	227.44	−0.069%	$118K	$54K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	−0.013%	$406K	$744K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0045%	8h	227.58	−0.007%	$483K	$590K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.69	+0.040%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.42	−0.079%	$147.8M	$43.7M	20x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.42	−0.079%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.132%	$1.6M	$2.0M	15x	as long as short
Polymarket Perps NVDA-USD	+0.0055%	1h	227.54	−0.026%	$401K	$276K	10x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.56	−0.018%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perplong	+0.0068%	8h	227.60	long leg	$20K	$386K	10x
Variational Omni NVDA	+0.0076%	8h	227.62	+0.007%	$3.5M	$2.1M	—	as long as short
Pacifica NVDA	+0.0100%	1h	227.44	−0.070%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.44	−0.070%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.55	−0.022%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.031%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.56	−0.019%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0130%	8h	227.57	−0.013%	$156.6M	$216.1M	50x	as long as short
Lighter NVDA	+0.0136%	1h	227.53	−0.029%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0139%	1h	227.46	−0.064%	$484K	$228K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.52	−0.035%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0154%	8h	227.60	0.000%	$1.6M	$725K	20x	as long as short
Hotstuff NVDA-PERPshort	+0.0176%	1h	227.41	−0.083%	$35K	—	20x
Lighter RH NVDA	+0.0216%	1h	227.69	+0.040%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.189%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0250%	8h	227.60	0.000%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0504%	1h	227.41	−0.081%	$685K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0625%	4h	227.52	−0.037%	$170K	$1.9M	20x	as long as short