Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h +0.049%

Price spread now: Deribit against HTX−0.022%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.191%+$19 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.022%, 7d avg −0.013%

Together, before fees+0.177%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	226.87	0	get 0.0000% / 8h	7h 10m	$198K	$436K	30x
Short	Deribit NVDA_USDC-PERPETUAL	226.82	0.0059	get 0.0007% / 1h	10m 09s	$53K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.022%Rate

Funding earned: $12.33
Price spread: −0.022% → −0.013%: −$0.91
Slippage, 4 orders: −$15.71
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$23.29
Costs to cover: 0.347%
Break-even: 20.2 days

Slippage from HTX: live order book, 23 min ago; Deribit: live order book, 4 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, 23 min ago	0.22 bp	6.2 bp −$6	6.9 bp −$69	15.6 bp −$1,557	doesn't fit
Sell Deribit live order book, 4 min ago	3.75 bp	7.7 bp −$8	8.4 bp −$84	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
Bybit NVDAUSDT	0.0000%	8h	226.90	+0.013%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.88	+0.004%	$14.2M	$20.4M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	226.70	−0.075%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.85	−0.009%	$7.2M	$10.1M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.95	+0.035%	$15.7M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.60	−0.119%	$21K	$430K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.58	−0.128%	$2K	$3.5M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	226.87	long leg	$198K	$436K	30x
Phemex NVDAUSDT	0.0000%	4h	227.00	+0.057%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0009%	1h	226.42	−0.198%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.86	−0.004%	$2.1M	$3.3M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.72	−0.064%	$640K	$872K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.83	−0.018%	$392K	$739K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.02	+0.066%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.77	−0.044%	$147.7M	$44.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.83	−0.018%	$392K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.73	−0.062%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.63	−0.106%	$1.6M	$1.9M	15x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0059%	1h	226.82	−0.022%	$53K	$1.9M	10x
Aster NVDAUSDT	+0.0069%	8h	226.73	−0.063%	$484K	$544K	20x	as long as short
Nado NVDA-PERP	+0.0072%	1h	226.74	−0.056%	$482K	$221K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.85	−0.009%	$1.4M	$9.1M	10x	as long as short
Lighter RH NVDA	+0.0072%	1h	227.04	+0.075%	$5.1M	$7.3M	20x	as long as short
Variational Omni NVDA	+0.0098%	8h	226.83	−0.019%	$3.2M	$2.5M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.72	−0.065%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.52	−0.154%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.86	−0.004%	$36K	$20K	20x	as long as short
KuCoin NVDAUSDTM	+0.0112%	8h	226.77	−0.044%	$1.6M	$1.0M	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.87	0.000%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.48	−0.172%	$1.3M	$684K	10x	as long as short
Binance NVDAUSDT	+0.0154%	8h	226.94	+0.029%	$155.6M	$222.7M	50x	as long as short
edgeX NVDAUSDC	+0.0165%	4h	226.53	−0.150%	$171K	$1.9M	20x	as long as short
Phoenix NVDA	+0.0212%	1h	226.47	−0.176%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.96	+0.040%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0274%	8h	226.77	−0.044%	$710K	$201K	20x	as long as short