Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.141%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$880.883% of the position

Long on HTX Short on SunX

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)+0.029%+$3 · spread now −0.141%, 7d avg −0.097%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.043% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	227.48	0	get 0.0000% / 8h	7h 56m	$197K	$523K	30x
Short	SunX NVDA-USDT	227.16	0	get 0.0000% / 8h	7h 56m	$2K	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.141%Rate

Funding earned: $0
Price spread: −0.141% → −0.097%: −$4.32
Slippage, 4 orders: −$68.32
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$92.64
Costs to cover: 0.883%
Break-even: never at this rate

Slippage from HTX: live order book, 17 min ago; SunX: live order book, 12 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, 17 min ago	0.22 bp	10.9 bp −$11	11.4 bp −$114	29.2 bp −$2,915	doesn't fit
Sell SunX live order book, 12 min ago	21.99 bp	26.0 bp −$26	55.7 bp −$557	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	227.55	+0.033%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.59	+0.048%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	+0.031%	$14.4M	$20.8M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.49	+0.004%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.56	+0.037%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.50	+0.009%	$21K	$406K	10x	as long as short
SunX NVDA-USDTshort	0.0000%	8h	227.16	−0.141%	$2K	$3.9M	20x
HTX NVDA-USDTlong	0.0000%	8h	227.48	long leg	$197K	$523K	30x
Phemex NVDAUSDT	0.0000%	4h	227.60	+0.053%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.44	−0.019%	$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	227.60	+0.053%	$15.5M	$17.2M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.29	−0.084%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0035%	8h	227.61	+0.058%	$156.4M	$219.1M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.44	−0.018%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.50	+0.009%	$1.6M	$11.5M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.66	+0.079%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.45	−0.013%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.32	−0.070%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0053%	1h	227.48	+0.001%	$483K	$229K	20x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.41	−0.031%	$35K	—	20x	as long as short
Lighter NVDA	+0.0080%	1h	227.61	+0.058%	$2.2M	$3.2M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.01	−0.207%	$1.3M	$825K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.50	+0.010%	—	—	10x	as long as short
Polymarket Perps NVDA-USD	+0.0091%	1h	227.48	0.000%	$401K	$289K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.43	−0.022%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.53	+0.022%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.51	+0.013%	$49K	$1.4M	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.38	−0.044%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0116%	8h	227.59	+0.048%	$1.6M	$743K	20x	as long as short
BloFin NVDA-USDT	+0.0138%	8h	227.70	+0.097%	$715K	$205K	20x	as long as short
tradeXYZ xyz:NVDA	+0.0143%	1h	227.41	−0.031%	$147.9M	$49.0M	20x	as long as short
Lighter RH NVDA	+0.0184%	1h	227.74	+0.114%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.180%	$73K	$135	30x	as long as short
edgeX NVDAUSDC	+0.0402%	4h	227.44	−0.020%	$171K	$1.9M	20x	as long as short