Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against HTX−0.085%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.085%, 7d avg −0.031%

Together, before fees+0.247%+ Points / potential airdropPacifica: Active · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.054% cheaper against HTX than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.031%). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	227.61	0	get 0.0000% / 8h	3m 58s	$198K	$524K	30x
Short	Pacifica NVDA	227.42	0.0100	get 0.0013% / 1h	3m 58s	$298K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.085%Rate

Funding earned: $21
Price spread: −0.085% → −0.031%: −$5.37
Slippage, 4 orders: −$22.31
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$26.68
Costs to cover: 0.423%
Break-even: 15.9 days

Slippage from HTX: live order book, 9 min ago; Pacifica: live order book, 9 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, 9 min ago	0.22 bp	10.9 bp −$11	11.4 bp −$114	29.2 bp −$2,915	doesn't fit
Sell Pacifica live order book, 9 min ago	1.76 bp	8.1 bp −$8	doesn't fit	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
Aster NVDAUSDT	0.0000%	8h	227.51	−0.043%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.49	−0.053%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.50	−0.048%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.45	−0.070%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.52	−0.038%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.42	−0.083%	$20K	$407K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.06	−0.242%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	227.61	long leg	$198K	$524K	30x
Phemex NVDAUSDT	0.0000%	4h	227.62	+0.004%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.33	−0.123%	$118K	$56K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0023%	8h	227.55	−0.026%	$15.5M	$17.4M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.40	−0.093%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0036%	8h	227.52	−0.041%	$156.3M	$219.3M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.67	+0.026%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.42	−0.083%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.40	−0.092%	$147.9M	$48.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.50	−0.048%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.40	−0.092%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.29	−0.141%	$1.6M	$2.1M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.50	−0.048%	$49K	$1.4M	10x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.50	−0.048%	$1.6M	$11.5M	10x	as long as short
Nado NVDA-PERP	+0.0062%	1h	227.45	−0.071%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.52	−0.040%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.264%	$1.3M	$842K	10x	as long as short
Pacifica NVDAshort	+0.0100%	1h	227.42	−0.085%	$298K	$60K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.101%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.48	−0.057%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.35	−0.114%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0111%	8h	227.47	−0.062%	$1.6M	$742K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.37	−0.105%	$400K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0144%	8h	227.49	−0.053%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0176%	1h	227.53	−0.035%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0176%	1h	227.65	+0.018%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.67	+0.026%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0498%	4h	227.48	−0.058%	$171K	$1.9M	20x	as long as short