Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0993%/8h= +108.8% APRpaid last 24h +0.125%

Price spread now: edgeX against HTX−0.034%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs+$59as in the Funding arb table

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

costs, in and out, $10k−$340.342% of the position

Long on HTX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.935%+$93 on $10k

Price spread, last 4 days (all we have)+0.284%+$28 · spread now −0.034%, 7d avg +0.013%

Together, before fees+1.219%+ Points / potential airdropedgeX: Active · farm board+$122 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.047% cheaper against HTX than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.013%). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.935% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	227.76	0	get 0.0000% / 8h	5h 36m	$198K	$479K	30x
Short	edgeX NVDAUSDC	227.68	0.0993	get 0.0497% / 4h	1h 36m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $208.58
Price spread: −0.034% → +0.013%: −$4.69
Slippage, 4 orders: −$13.2
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $169.68
Costs to cover: 0.342%
Break-even: 1.3 days

Slippage from HTX: live order book, 27 min ago; edgeX: live order book, 2 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, 27 min ago	0.22 bp	7.4 bp −$7	10.1 bp −$101	21.1 bp −$2,105	doesn't fit
Sell edgeX live order book, 2 min ago	3.51 bp	8.3 bp −$8	13.6 bp −$136	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
Hotstuff NVDA-PERP	−0.0024%	1h	227.57	−0.083%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.75	−0.004%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.74	−0.009%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.70	−0.026%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.78	+0.009%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.72	−0.018%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.29	−0.206%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	227.76	long leg	$198K	$479K	30x
Phemex NVDAUSDT	0.0000%	4h	227.77	+0.004%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0005%	8h	227.77	+0.004%	$484K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0011%	1h	227.53	−0.099%	$118K	$54K	10x	as long as short
Variational Omni NVDA	+0.0027%	8h	227.69	−0.030%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.72	−0.018%	$406K	$711K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.72	−0.018%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.80	+0.018%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.60	−0.070%	$148.1M	$44.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.68	−0.035%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.59	−0.075%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.52	−0.105%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.132%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0090%	8h	227.80	+0.017%	$156.3M	$215.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.54	−0.097%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.56	−0.088%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.71	−0.022%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.74	−0.010%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.63	−0.057%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0116%	1h	227.57	−0.085%	$484K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0131%	8h	227.74	−0.009%	$1.6M	$723K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.73	−0.012%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.86	+0.044%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0210%	8h	227.78	+0.009%	$722K	$202K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.101%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USD	+0.0296%	1h	227.50	−0.114%	$689K	$714K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0321%	1h	227.68	−0.035%	$49K	$1.6M	10x	as long as short
edgeX NVDAUSDCshort	+0.0993%	4h	227.68	−0.034%	$170K	$1.9M	20x