Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against HTX+0.186%65s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.401%+$40 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.186% dearer against HTX than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	226.30	0	get 0.0000% / 8h	7h 57m	$198K	$438K	30x
Short	Injective NVDA/USDC PERP	226.72	0.0220	get 0.0028% / 1h	57m 48s	$73K	$135	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.186%Rate

Funding earned: $46.2
Price spread: +0.186% → 0.000%: $18.56
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $52.74
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 41 min ago; Injective: no order-book sample. 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 HTX live order book, 41 min ago	0.22 bp	7.5 bp −$7	8.3 bp −$83	18.2 bp −$1,823	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Hotstuff NVDA-PERP	−0.0040%	1h	226.22	−0.035%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.36	+0.027%	$12.5M	$14.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.36	+0.027%	$14.1M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.28	−0.009%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.41	+0.049%	$15.8M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.01	−0.128%	$3K	$3.6M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	226.30	long leg	$198K	$438K	30x
Phemex NVDAUSDT	0.0000%	4h	226.58	+0.124%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	226.14	−0.072%	$117K	$51K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.23	−0.031%	$392K	$737K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NVDA-USD-PERP	+0.0046%	1h	226.39	+0.040%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.22	−0.035%	$146.9M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.14	−0.071%	$391K	$247K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.21	−0.040%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.11	−0.084%	$1.6M	$1.9M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0058%	8h	226.32	+0.009%	$22K	$423K	10x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.37	+0.031%	$1.3M	$9.1M	10x	as long as short
Aster NVDAUSDT	+0.0076%	8h	226.26	−0.016%	$481K	$530K	20x	as long as short
Variational Omni NVDA	+0.0099%	8h	226.31	+0.006%	$3.5M	$2.3M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.20	−0.044%	$297K	$48K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.17	−0.057%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.32	+0.009%	$36K	$21K	20x	as long as short
KuCoin NVDAUSDTM	+0.0114%	8h	226.37	+0.031%	$1.6M	$858K	20x	as long as short
Nado NVDA-PERP	+0.0117%	1h	226.19	−0.050%	$480K	$223K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.35	+0.023%	—	—	10x	as long as short
Lighter NVDA	+0.0128%	1h	226.31	+0.004%	$2.1M	$3.2M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.23	−0.031%	$1.3M	$699K	10x	as long as short
Lighter RH NVDA	+0.0144%	1h	226.48	+0.080%	$5.1M	$6.8M	20x	as long as short
Binance NVDAUSDT	+0.0161%	8h	226.37	+0.031%	$155.3M	$220.0M	50x	as long as short
Phoenix NVDA	+0.0177%	1h	226.36	+0.027%	$93K	$83K	20x	as long as short
edgeX NVDAUSDC	+0.0202%	4h	226.42	+0.054%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERPshort	+0.0220%	1h	226.72	+0.186%	$73K	$135	30x
BloFin NVDA-USDT	+0.0280%	8h	226.42	+0.053%	$711K	$196K	20x	as long as short
Extended NVDA_24_5-USD	+0.0280%	1h	226.17	−0.056%	$645K	$879K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0413%	1h	226.37	+0.031%	$53K	$1.9M	10x	as long as short