Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.026%

Price spread now: Bybit against Hotstuff+0.088%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Bybit

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 airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bybit is 0.088% dearer against Hotstuff than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NVDA-PERP	226.20	0.0024	pay 0.0003% / 1h	43m 06s	$35K	—	20x
Short	Bybit NVDAUSDT	226.40	0	get 0.0000% / 8h	43m 06s	$12.4M	$14.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Hotstuff. 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 HotstuffbpFee BybitbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$5.04
Price spread: +0.088% → 0.000%: $8.84
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$12.2
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Bybit: live order book, 5 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	0.22 bp	6.7 bp −$7	9.4 bp −$94	55.4 bp −$5,538	doesn't fit

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 NVDAUSDTshort	0.0000%	8h	226.40	+0.088%	$12.4M	$14.3M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.37	+0.075%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.35	+0.066%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.44	+0.106%	$15.8M	$16.6M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.95	−0.111%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.39	+0.084%	$198K	$446K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.59	+0.172%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0015%	8h	226.35	+0.066%	$22K	$428K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0019%	1h	226.08	−0.052%	$117K	$51K	10x	as long as short
Hotstuff NVDA-PERPlong	+0.0024%	1h	226.20	long leg	$35K	—	20x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0030%	8h	226.39	+0.082%	$482K	$530K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.26	+0.027%	$392K	$740K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.40	+0.088%	—	$74K	25x	as long as short
Variational Omni NVDA	+0.0049%	8h	226.37	+0.076%	$3.5M	$2.3M	—	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.25	+0.022%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.18	−0.009%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.40	+0.088%	$1.3M	$9.1M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0095%	1h	226.26	+0.027%	$147.0M	$43.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0099%	1h	226.36	+0.071%	$391K	$247K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.17	−0.012%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.32	+0.053%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.10	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.38	+0.080%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	226.39	+0.084%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0116%	8h	226.41	+0.094%	$154.4M	$218.2M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.049%	$1.3M	$699K	10x	as long as short
Phoenix NVDA	+0.0177%	1h	226.27	+0.031%	$93K	$83K	20x	as long as short
Nado NVDA-PERP	+0.0179%	1h	226.19	−0.004%	$480K	$223K	20x	as long as short
Lighter NVDA	+0.0192%	1h	226.37	+0.075%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.00	+0.354%	$73K	$137	30x	as long as short
Lighter RH NVDA	+0.0224%	1h	226.50	+0.133%	$5.1M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0236%	8h	226.43	+0.102%	$713K	$195K	20x	as long as short
Extended NVDA_24_5-USD	+0.0352%	1h	226.14	−0.024%	$644K	$875K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0369%	1h	226.34	+0.062%	$53K	$1.8M	10x	as long as short
edgeX NVDAUSDC	+0.0637%	4h	226.34	+0.061%	$170K	$1.9M	20x	as long as short