Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.024%

Price spread now: Extended against HTX−0.053%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 3 days (all we have)+0.055%+$5 · spread now −0.053%, 7d avg −0.026%

Together, before fees+0.160%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.027% cheaper against HTX than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of −0.026%). If the spread goes back, that is −$3 on $10k: about 2.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	227.41	0	get 0.0000% / 8h	1h 33m	$202K	$522K	30x
Short	Extended NVDA_24_5-USD	227.29	0.0032	get 0.0004% / 1h	33m 10s	$522K	$409K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.053%Rate

Funding earned: $6.72
Price spread: −0.053% → −0.026%: −$2.69
Slippage, 4 orders: −$10.75
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$23.72
Costs to cover: 0.278%
Break-even: 31.7 days

Slippage from HTX: live order book, 50 min ago; Extended: live order book, 50 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, 50 min ago	0.22 bp	7.6 bp −$8	9.9 bp −$99	22.2 bp −$2,220	doesn't fit
Sell Extended live order book, 50 min ago	0.22 bp	4.9 bp −$5	22.5 bp −$225	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	−0.0040%	1h	227.31	−0.044%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.49	+0.035%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.46	+0.022%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	+0.026%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.40	−0.004%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.43	+0.008%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.46	+0.024%	$20K	$441K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.04	−0.163%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	227.41	long leg	$202K	$522K	30x
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.048%	$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	+0.0004%	8h	227.50	+0.040%	$156.2M	$220.7M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.24	−0.073%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0020%	8h	227.53	+0.053%	$15.6M	$17.9M	100x	as long as short
Extended NVDA_24_5-USDshort	+0.0032%	1h	227.29	−0.053%	$522K	$409K	10x
QFEX NVDA-USD	+0.0041%	1h	227.45	+0.018%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.51	+0.044%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.32	−0.040%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.37	−0.018%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.33	−0.035%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.27	−0.062%	$1.6M	$2.1M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.40	−0.004%	$49K	$1.5M	10x	as long as short
BloFin NVDA-USDT	+0.0058%	8h	227.48	+0.031%	$714K	$205K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.25	−0.070%	$93K	$112K	20x	as long as short
edgeX NVDAUSDC	+0.0074%	4h	227.49	+0.034%	$170K	$1.9M	20x	as long as short
Nado NVDA-PERP	+0.0079%	1h	227.33	−0.034%	$484K	$227K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.48	+0.029%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.176%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	−0.044%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.43	+0.009%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.048%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.46	+0.022%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.62	+0.092%	$4.9M	$7.0M	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.50	+0.038%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.088%	$73K	$136	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.38	−0.013%	$388K	$709K	20x	as long as short