Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.042%

Price spread now: Lighter RH against HTX+0.062%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now +0.062%, 7d avg +0.072%

Together, before fees+0.327%+ Points / potential airdropLighter RH: Points live · farm board+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.072%, so right now this pair is about funding alone: +$4 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	227.64	0	get 0.0000% / 8h	4h 24m	$198K	$470K	30x
Short	Lighter RH NVDA	227.78	0.0136	get 0.0017% / 1h	24m 38s	$5.1M	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.062%Rate

Funding earned: $28.56
Price spread: +0.062% → +0.072%: −$1.06
Slippage, 4 orders: −$10.37
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $5.13
Costs to cover: 0.224%
Break-even: 5.7 days

Slippage from HTX: live order book, 34 min ago; Lighter RH: 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, 34 min ago	0.22 bp	9.0 bp −$9	9.9 bp −$99	20.1 bp −$2,011	doesn't fit
Sell Lighter RH live order book, 4 min ago	0.44 bp	1.9 bp −$2	3.8 bp −$38	33.9 bp −$3,393	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	227.64	0.000%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.63	−0.004%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.58	−0.026%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.67	+0.013%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.30	−0.149%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	227.64	long leg	$198K	$470K	30x
Phemex NVDAUSDT	0.0000%	4h	227.63	−0.004%	$2.2M	$43K	10x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.48	−0.070%	$35K	—	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.55	−0.040%	$49K	$1.6M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.42	−0.097%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0033%	8h	227.66	+0.010%	$483K	$590K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0034%	8h	227.60	−0.018%	$20K	$390K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.51	−0.057%	$400K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.73	+0.040%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.49	−0.066%	$147.8M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.59	−0.022%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.50	−0.062%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.35	−0.127%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.58	−0.026%	$1.3M	$9.3M	10x	as long as short
Variational Omni NVDA	+0.0063%	8h	227.60	−0.016%	$3.5M	$2.1M	—	as long as short
Lighter NVDA	+0.0064%	1h	227.63	−0.007%	$2.2M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0066%	1h	227.54	−0.046%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.48	−0.070%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.46	−0.079%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.59	−0.022%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.048%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.61	−0.011%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0117%	8h	227.65	+0.004%	$156.4M	$216.1M	50x	as long as short
KuCoin NVDAUSDTM	+0.0133%	8h	227.60	−0.018%	$1.6M	$724K	20x	as long as short
Lighter RH NVDAshort	+0.0136%	1h	227.78	+0.062%	$5.1M	$7.1M	20x
Phoenix NVDA	+0.0141%	1h	227.54	−0.044%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.119%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0237%	8h	227.62	−0.009%	$721K	$201K	20x	as long as short
edgeX NVDAUSDC	+0.0285%	4h	227.54	−0.042%	$170K	$1.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	227.43	−0.092%	$679K	$743K	10x	as long as short