Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.018%

Price spread now: tradeXYZ against HTX+0.066%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$440.445% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.066%, 7d avg −0.038%

Together, before fees+0.059%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and tradeXYZ is 0.103% dearer against HTX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.038%.

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 52m	$197K	$516K	30x
Short	tradeXYZ xyz:NVDA	227.63	0.0090	get 0.0011% / 1h	52m 38s	$148.1M	$46.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.066%Rate

Funding earned: $18.98
Price spread: +0.066% → −0.038%: $10.35
Slippage, 4 orders: −$14.47
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$15.14
Costs to cover: 0.445%
Break-even: 12.6 days

Slippage from HTX: live order book, 21 min ago; tradeXYZ: live order book, 7 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, 21 min ago	0.22 bp	10.9 bp −$11	11.4 bp −$114	29.2 bp −$2,915	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.22 bp	10.8 bp −$11	12.5 bp −$125	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	227.58	+0.044%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.74	+0.114%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.73	+0.110%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.64	+0.070%	$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	227.64	+0.071%	$20K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.19	−0.127%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	227.48	long leg	$197K	$516K	30x
Phemex NVDAUSDT	0.0000%	4h	227.67	+0.084%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.45	−0.011%	$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	+0.0029%	8h	227.77	+0.127%	$15.5M	$17.1M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.59	+0.048%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0035%	8h	227.77	+0.128%	$156.5M	$218.7M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.48	0.000%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.72	+0.106%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.71	+0.101%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.50	+0.009%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.46	−0.009%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0057%	1h	227.57	+0.038%	$484K	$229K	20x	as long as short
Polymarket Perps NVDA-USD	+0.0057%	1h	227.58	+0.044%	$402K	$289K	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.009%	$1.3M	$823K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.58	+0.046%	—	—	10x	as long as short
tradeXYZ xyz:NVDAshort	+0.0090%	1h	227.63	+0.066%	$148.1M	$46.8M	20x
Pacifica NVDA	+0.0100%	1h	227.58	+0.042%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.44	−0.018%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.62	+0.062%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.48	0.000%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0112%	1h	227.78	+0.131%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTM	+0.0118%	8h	227.64	+0.070%	$1.6M	$742K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.91	+0.189%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0140%	8h	227.67	+0.084%	$714K	$205K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.59	+0.048%	$49K	$1.4M	10x	as long as short
Hotstuff NVDA-PERP	+0.0208%	1h	227.55	+0.031%	$35K	—	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	+0.0387%	4h	227.61	+0.058%	$170K	$1.9M	20x	as long as short