Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.039%

Price spread now: OKX against Hotstuff+0.048%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 OKX

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. OKX is 0.048% dearer against Hotstuff than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NVDA-PERP	227.39	0.0040	pay 0.0005% / 1h	52m 45s	$35K	—	20x
Short	OKX NVDA-USDT-SWAP	227.50	0	get 0.0000% / 8h	3h 52m	$14.4M	$20.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$8.4
Price spread: +0.048% → 0.000%: $4.84
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$18.56
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	0.22 bp	5.3 bp −$5	6.9 bp −$69	16.5 bp −$1,651	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	227.53	+0.062%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAPshort	0.0000%	8h	227.50	+0.048%	$14.4M	$20.5M	50x
Gate NVDA_USDT	0.0000%	8h	227.47	+0.035%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.54	+0.066%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.64	+0.111%	$20K	$390K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.14	−0.110%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.71	+0.141%	$198K	$466K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.63	+0.106%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.42	+0.012%	$118K	$53K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.44	+0.022%	$49K	$1.7M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0023%	8h	227.55	+0.069%	$483K	$590K	20x	as long as short
Hotstuff NVDA-PERPlong	+0.0040%	1h	227.39	long leg	$35K	—	20x
Arcus NVDA-USD	+0.0040%	1h	227.47	+0.035%	$399K	$741K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.49	+0.044%	$1.3M	$9.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.64	+0.110%	—	$74K	25x	as long as short
Nado NVDA-PERP	+0.0047%	1h	227.42	+0.015%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0048%	1h	227.50	+0.047%	$2.2M	$3.3M	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.37	−0.009%	$147.8M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.49	+0.044%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.37	−0.009%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.29	−0.044%	$1.6M	$2.0M	15x	as long as short
Variational Omni NVDA	+0.0058%	8h	227.54	+0.064%	$3.6M	$2.2M	—	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	+0.004%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.42	+0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.45	+0.026%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.52	+0.056%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0107%	8h	227.54	+0.066%	$156.1M	$215.9M	50x	as long as short
KuCoin NVDAUSDTM	+0.0114%	8h	227.55	+0.070%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.66	+0.119%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.53	+0.062%	$1.3M	$775K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.46	+0.031%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.92	+0.233%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0227%	8h	227.54	+0.066%	$720K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0240%	1h	227.38	−0.002%	$674K	$776K	10x	as long as short
edgeX NVDAUSDC	+0.0658%	4h	227.50	+0.046%	$171K	$1.9M	20x	as long as short