Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against HTX+0.035%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1001.001% of the position

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.035%, 7d avg +0.044%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	227.96	0	get 0.0000% / 8h	7h 06m	$198K	$508K	30x
Short	Phemex NVDAUSDT	228.04	0	get 0.0000% / 4h	3h 06m	$2.2M	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.044%: −$0.91
Slippage, 4 orders: −$76.07
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$100.97
Costs to cover: 1.001%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Phemex: 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, 2 min ago	0.22 bp	8.6 bp −$9	11.1 bp −$111	20.7 bp −$2,073	doesn't fit
Sell Phemex live order book, 2 min ago	2.41 bp	44.5 bp −$44	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	227.75	−0.091%	$484K	$582K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.94	−0.009%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.93	−0.013%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.87	−0.039%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.50	−0.202%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	227.96	long leg	$198K	$508K	30x
Phemex NVDAUSDTshort	0.0000%	4h	228.04	+0.035%	$2.2M	$43K	10x
Aftermath Perps NVDAUSD	+0.0012%	1h	227.73	−0.101%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	227.92	−0.016%	$3.5M	$1.9M	—	as long as short
Hotstuff NVDA-PERP	+0.0024%	1h	227.81	−0.066%	$35K	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.75	−0.090%	$524K	$469K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.75	−0.092%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.86	−0.044%	$1.5M	$11.0M	10x	as long as short
Bitget NVDAUSDT	+0.0045%	8h	227.97	+0.004%	$15.4M	$16.9M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	228.03	+0.031%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.80	−0.070%	$147.9M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.86	−0.044%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.79	−0.075%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.73	−0.101%	$1.5M	$2.1M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0057%	1h	227.87	−0.039%	$49K	$1.5M	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.219%	$1.3M	$800K	10x	as long as short
Binance NVDAUSDT	+0.0082%	8h	227.95	−0.004%	$156.5M	$217.2M	50x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.82	−0.063%	$484K	$229K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.77	−0.084%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.71	−0.110%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.90	−0.026%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.91	−0.022%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.83	−0.057%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0144%	8h	227.93	−0.013%	$1.6M	$735K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.97	+0.003%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.10	+0.061%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0165%	8h	227.91	−0.024%	$21K	$393K	10x	as long as short
BloFin NVDA-USDT	+0.0200%	8h	227.93	−0.013%	$719K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.105%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0297%	4h	227.91	−0.021%	$170K	$1.9M	20x	as long as short