Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0949%/8h= +103.9% APRpaid last 24h +0.116%

Price spread now: edgeX against Hotstuff+0.059%58s7-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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and edgeX is 0.059% dearer against Hotstuff than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NVDA-PERP	227.77	0.0048	pay 0.0006% / 1h	10m 08s	$35K	—	20x
Short	edgeX NVDAUSDC	227.90	0.0997	get 0.0498% / 4h	3h 10m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.059%Rate

Funding earned: $199.23
Price spread: +0.059% → 0.000%: $5.86
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $191.09
Costs to cover: 0.140%
Break-even: 0.3 days

Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 4 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 edgeX live order book, 4 min ago	3.51 bp	8.5 bp −$9	13.6 bp −$136	doesn't fit	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
Aster NVDAUSDT	0.0000%	8h	227.74	−0.013%	$483K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.90	+0.057%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.89	+0.053%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.83	+0.026%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.53	−0.105%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.96	+0.083%	$198K	$509K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.93	+0.070%	$2.2M	$43K	10x	as long as short
Variational Omni NVDA	+0.0004%	8h	227.82	+0.021%	$3.5M	$1.9M	—	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.71	−0.027%	$118K	$55K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0013%	1h	227.85	+0.035%	$49K	$1.5M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.72	−0.020%	$524K	$469K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.72	−0.022%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.87	+0.044%	$1.6M	$11.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	228.01	+0.105%	—	$74K	25x	as long as short
Bitget NVDAUSDT	+0.0046%	8h	227.96	+0.083%	$15.5M	$16.9M	100x	as long as short
Hotstuff NVDA-PERPlong	+0.0048%	1h	227.77	long leg	$35K	—	20x
tradeXYZ xyz:NVDA	+0.0050%	1h	227.78	+0.004%	$147.9M	$46.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.85	+0.035%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.75	−0.009%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.69	−0.035%	$1.5M	$2.1M	15x	as long as short
Binance NVDAUSDT	+0.0074%	8h	227.95	+0.079%	$156.5M	$217.3M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.136%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.80	+0.012%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.89	+0.054%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.75	−0.009%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.71	−0.026%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.91	+0.061%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.74	−0.013%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0141%	8h	227.91	+0.061%	$1.6M	$735K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.96	+0.084%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.09	+0.140%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0165%	8h	227.94	+0.075%	$20K	$392K	10x	as long as short
BloFin NVDA-USDT	+0.0194%	8h	227.85	+0.035%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.36	+0.259%	$73K	$139	30x	as long as short
edgeX NVDAUSDCshort	+0.0997%	4h	227.90	+0.059%	$170K	$1.9M	20x