Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.040%

Price spread now: Coinbase International against HTX−0.084%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.084%, 7d avg −0.036%

Together, before fees+0.247%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.048% cheaper against HTX than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.036%). If the spread goes back, that is −$5 on $10k: about 34 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	227.20	0	get 0.0000% / 8h	2h 25m	$202K	$528K	30x
Short	Coinbase International NVDA-PERP-INTX	227.01	0.0112	get 0.0014% / 1h	25m 27s	$1.3M	$911K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.084%Rate

Funding earned: $23.52
Price spread: −0.084% → −0.036%: −$4.79
Slippage, 4 orders: −$12.05
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.32
Costs to cover: 0.341%
Break-even: 11.6 days

Slippage from HTX: live order book, 63 min ago; Coinbase International: live order book, 3 min ago.

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 HTX live order book, 63 min ago	0.22 bp	8.6 bp −$9	8.8 bp −$88	31.3 bp −$3,125	doesn't fit
Sell Coinbase International live order book, 3 min ago	1.98 bp	8.1 bp −$8	11.6 bp −$116	doesn't fit	doesn't fit

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	227.10	−0.044%	$473K	$550K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.12	−0.035%	$12.7M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.15	−0.022%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.11	−0.040%	$7.2M	$9.4M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.13	−0.029%	$3.4M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.18	−0.010%	$21K	$468K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.85	−0.154%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.14	−0.026%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	227.20	long leg	$202K	$528K	30x
Phemex NVDAUSDT	0.0000%	4h	227.17	−0.013%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0003%	8h	227.16	−0.016%	$156.2M	$220.6M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.06	−0.060%	$118K	$54K	10x	as long as short
BloFin NVDA-USDT	+0.0014%	8h	227.18	−0.009%	$714K	$205K	20x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.14	−0.026%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.29	+0.040%	$4.8M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.06	−0.060%	$522K	$407K	10x	as long as short
Nado NVDA-PERP	+0.0044%	1h	227.07	−0.056%	$487K	$223K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.30	+0.044%	—	$73K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.07	−0.057%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.03	−0.075%	$147.1M	$50.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.13	−0.031%	$390K	$235K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.07	−0.057%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.96	−0.106%	$1.6M	$2.1M	15x	as long as short
Bitget NVDAUSDT	+0.0063%	8h	227.17	−0.013%	$15.5M	$18.3M	100x	as long as short
Phoenix NVDA	+0.0070%	1h	227.09	−0.048%	$93K	$112K	20x	as long as short
Lighter NVDA	+0.0072%	1h	227.21	+0.004%	$2.1M	$3.3M	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.17	−0.015%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.06	−0.063%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.16	−0.018%	$1.6M	$752K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.11	−0.040%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.12	−0.035%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTXshort	+0.0112%	1h	227.01	−0.084%	$1.3M	$911K	10x
Injective NVDA/USDC PERP	+0.0220%	1h	227.48	+0.123%	$73K	$136	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.13	−0.031%	$395K	$683K	20x	as long as short
edgeX NVDAUSDC	+0.0879%	4h	227.19	−0.004%	$170K	$1.9M	20x	as long as short