Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.025%

Price spread now: HTX against Hotstuff+0.084%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 HTX

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. HTX is 0.084% dearer against Hotstuff than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NVDA-PERP	226.81	0.0048	pay 0.0006% / 1h	58m 12s	$35K	—	20x
Short	HTX NVDA-USDT	227.00	0	get 0.0000% / 8h	6h 58m	$198K	$436K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$10.08
Price spread: +0.084% → 0.000%: $8.38
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.7
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; HTX: live order book, 35 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 HTX live order book, 35 min ago	0.22 bp	13.1 bp −$13	15.4 bp −$154	27.1 bp −$2,712	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 NVDAUSDT	0.0000%	8h	226.97	+0.071%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.97	+0.071%	$14.2M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.92	+0.048%	$7.2M	$9.3M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.01	+0.088%	$15.7M	$16.0M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.66	−0.066%	$2K	$3.5M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.00	+0.084%	$198K	$436K	30x
Phemex NVDAUSDT	0.0000%	4h	227.02	+0.093%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	226.89	+0.034%	$117K	$51K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.74	−0.029%	$641K	$885K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.07	+0.115%	—	$74K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERPlong	+0.0048%	1h	226.81	long leg	$35K	—	20x
tradeXYZ xyz:NVDA	+0.0050%	1h	226.82	+0.004%	$147.7M	$44.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.87	+0.026%	$392K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.83	+0.009%	$59K	$18K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.74	−0.031%	$1.6M	$1.9M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0053%	8h	226.94	+0.058%	$21K	$433K	10x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.96	+0.066%	$1.3M	$9.1M	10x	as long as short
Aster NVDAUSDT	+0.0082%	8h	226.96	+0.066%	$485K	$543K	20x	as long as short
Lighter NVDA	+0.0088%	1h	226.92	+0.047%	$2.1M	$3.1M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.74	−0.031%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.76	−0.022%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.93	+0.053%	$36K	$20K	20x	as long as short
Variational Omni NVDA	+0.0111%	8h	226.94	+0.059%	$3.3M	$2.5M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.97	+0.069%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0121%	8h	226.95	+0.062%	$1.6M	$1.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.48	−0.145%	$1.3M	$681K	10x	as long as short
Nado NVDA-PERP	+0.0130%	1h	226.80	−0.003%	$482K	$221K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.07	+0.115%	$5.1M	$6.9M	20x	as long as short
Binance NVDAUSDT	+0.0167%	8h	226.98	+0.075%	$155.6M	$223.2M	50x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0191%	1h	226.88	+0.031%	$53K	$1.9M	10x	as long as short
Phoenix NVDA	+0.0212%	1h	226.87	+0.026%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.48	+0.295%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0225%	1h	226.91	+0.044%	$392K	$739K	20x	as long as short
BloFin NVDA-USDT	+0.0287%	8h	226.98	+0.075%	$715K	$202K	20x	as long as short
edgeX NVDAUSDC	+0.0732%	4h	226.98	+0.076%	$171K	$1.9M	20x	as long as short