Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.027%

Price spread now: GRVT against Hotstuff+0.044%57s7-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 GRVT

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 · GRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.044% dearer against Hotstuff than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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	226.22	−0.0040	get 0.0005% / 1h	58m 35s	$35K	—	20x
Short	GRVT NVDA_USDT_Perp	226.32	0.0058	get 0.0058% / 8h	7h 58m	$22K	$423K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.044%Rate

Funding earned: $20.58
Price spread: +0.044% → 0.000%: $4.42
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $11
Costs to cover: 0.140%
Break-even: 3.3 days

Slippage unknown: Hotstuff: no order-book sample; GRVT: live order book, 39 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 GRVT live order book, 39 min ago	1.33 bp	6.7 bp −$7	8.8 bp −$88	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
Hotstuff NVDA-PERPlong	−0.0040%	1h	226.22	long leg	$35K	—	20x
Bybit NVDAUSDT	0.0000%	8h	226.33	+0.049%	$12.5M	$14.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.32	+0.044%	$14.1M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.18	−0.018%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.43	+0.093%	$15.8M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.85	−0.164%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.21	−0.004%	$198K	$438K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.58	+0.159%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.14	−0.033%	$117K	$51K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.23	+0.004%	$392K	$737K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NVDA-USD-PERP	+0.0046%	1h	226.39	+0.075%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.23	+0.004%	$147.0M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.24	+0.009%	$391K	$247K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.15	−0.031%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.11	−0.049%	$1.6M	$1.9M	15x	as long as short
GRVT NVDA_USDT_Perpshort	+0.0058%	8h	226.32	+0.044%	$22K	$423K	10x
QFEX NVDA-USD	+0.0064%	1h	226.37	+0.066%	$1.3M	$9.1M	10x	as long as short
Aster NVDAUSDT	+0.0076%	8h	226.27	+0.022%	$481K	$530K	20x	as long as short
Variational Omni NVDA	+0.0099%	8h	226.31	+0.042%	$3.5M	$2.3M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.20	−0.009%	$297K	$48K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.17	−0.022%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.39	+0.075%	$36K	$21K	20x	as long as short
KuCoin NVDAUSDTM	+0.0113%	8h	226.37	+0.066%	$1.6M	$858K	20x	as long as short
Nado NVDA-PERP	+0.0117%	1h	226.19	−0.014%	$480K	$223K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.41	+0.085%	—	—	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	226.47	+0.111%	$5.1M	$6.8M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.23	+0.004%	$1.3M	$696K	10x	as long as short
Binance NVDAUSDT	+0.0161%	8h	226.37	+0.066%	$155.3M	$219.9M	50x	as long as short
Lighter NVDA	+0.0168%	1h	226.30	+0.036%	$2.1M	$3.2M	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.36	+0.062%	$93K	$83K	20x	as long as short
edgeX NVDAUSDC	+0.0202%	4h	226.42	+0.089%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.72	+0.221%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0280%	8h	226.42	+0.088%	$711K	$196K	20x	as long as short
Extended NVDA_24_5-USD	+0.0296%	1h	226.19	−0.015%	$646K	$878K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0856%	1h	226.30	+0.035%	$53K	$1.9M	10x	as long as short