Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: Polymarket Perps against HTX−0.048%46s7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.387% of the position

Long on HTX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 3 days (all we have)+0.028%+$3 · spread now −0.048%, 7d avg −0.019%

Together, before fees+0.137%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.030% cheaper against HTX than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of −0.019%). If the spread goes back, that is −$3 on $10k: about 47 hours of funding at the current rate (+$2 a day). The two prices were read 46 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	227.53	0	get 0.0000% / 8h	1m 30s	$197K	$524K	30x
Short	Polymarket Perps NVDA-USD	227.42	0.0050	get 0.0006% / 1h	1m 30s	$401K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.048%Rate

Funding earned: $10.5
Price spread: −0.048% → −0.019%: −$2.97
Slippage, 4 orders: −$18.74
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$31.2
Costs to cover: 0.387%
Break-even: 27.8 days

Slippage from HTX: live order book, 12 min ago; Polymarket Perps: live order book, 11 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, 12 min ago	0.22 bp	10.9 bp −$11	11.4 bp −$114	29.2 bp −$2,915	doesn't fit
Sell Polymarket Perps live order book, 11 min ago	0.88 bp	7.9 bp −$8	9.1 bp −$91	10.7 bp −$1,067	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	227.48	−0.020%	$482K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.45	−0.035%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.45	−0.035%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.40	−0.057%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.52	−0.003%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.55	+0.007%	$20K	$405K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.98	−0.242%	$3K	$3.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.38	−0.066%	$49K	$1.4M	10x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	227.53	long leg	$197K	$524K	30x
Phemex NVDAUSDT	0.0000%	4h	227.53	0.000%	$2.2M	$42K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0016%	1h	227.35	−0.077%	$118K	$56K	10x	as long as short
Bitget NVDAUSDT	+0.0020%	8h	227.45	−0.035%	$15.5M	$17.4M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.33	−0.088%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0036%	8h	227.47	−0.027%	$156.3M	$219.3M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.53	0.000%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.33	−0.088%	$147.8M	$48.8M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	227.42	−0.048%	$401K	$289K	10x
SoDEX NVDA-USD	+0.0050%	1h	227.33	−0.088%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.21	−0.141%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0058%	1h	227.36	−0.075%	$484K	$229K	20x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.42	−0.048%	$1.6M	$11.5M	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.44	−0.041%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.229%	$1.3M	$839K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	−0.096%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.37	−0.070%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.42	−0.048%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.38	−0.066%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0112%	8h	227.52	−0.004%	$1.6M	$742K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.28	−0.110%	$399K	$724K	20x	as long as short
Hotstuff NVDA-PERP	+0.0128%	1h	227.30	−0.101%	$35K	—	20x	as long as short
BloFin NVDA-USDT	+0.0148%	8h	227.46	−0.031%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.48	−0.021%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	227.61	+0.035%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.67	+0.062%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0312%	4h	227.49	−0.018%	$171K	$1.9M	20x	as long as short