Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.040%

Price spread now: HTX against Lighter RH−0.189%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Lighter RH Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.226%−$23 on $10k

Price spread, last 3 days (all we have)+0.093%+$9 · spread now −0.189%, 7d avg −0.075%

Together, before fees−0.133%+ Points / potential airdropLighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.114% cheaper against Lighter RH than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.075%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NVDA	227.91	0.0136	pay 0.0017% / 1h	52m 44s	$5.1M	$7.1M	20x
Short	HTX NVDA-USDT	227.48	0	get 0.0000% / 8h	7h 52m	$197K	$516K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Lighter RH. 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 Lighter RHbpFee HTXbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$28.56
Price spread: −0.189% → −0.075%: −$11.42
Slippage, 4 orders: −$17.09
Fee Lighter RH: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$69.07
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 6 min ago; HTX: live order book, 21 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 Lighter RH live order book, 6 min ago	1.54 bp	2.5 bp −$3	5.1 bp −$51	36.2 bp −$3,616	doesn't fit
Sell HTX live order book, 21 min ago	0.22 bp	13.3 bp −$13	15.1 bp −$151	39.3 bp −$3,935	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	−0.145%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.74	−0.075%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.73	−0.079%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.64	−0.118%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.56	−0.152%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.64	−0.118%	$20K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.19	−0.316%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.48	−0.189%	$197K	$516K	30x
Phemex NVDAUSDT	0.0000%	4h	227.67	−0.105%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.45	−0.200%	$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	−0.061%	$15.5M	$17.1M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.59	−0.140%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0035%	8h	227.77	−0.061%	$156.5M	$218.7M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.48	−0.189%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.72	−0.083%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.71	−0.088%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.50	−0.180%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.46	−0.197%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0057%	1h	227.57	−0.150%	$484K	$229K	20x	as long as short
Polymarket Perps NVDA-USD	+0.0057%	1h	227.58	−0.145%	$402K	$289K	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.197%	$1.3M	$823K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.58	−0.143%	—	—	10x	as long as short
tradeXYZ xyz:NVDA	+0.0090%	1h	227.63	−0.123%	$148.1M	$46.8M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.58	−0.147%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.44	−0.206%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.62	−0.127%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.48	−0.189%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0112%	1h	227.78	−0.058%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTM	+0.0118%	8h	227.64	−0.118%	$1.6M	$742K	20x	as long as short
Lighter RH NVDAlong	+0.0136%	1h	227.91	long leg	$5.1M	$7.1M	20x
BloFin NVDA-USDT	+0.0140%	8h	227.67	−0.105%	$714K	$205K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.59	−0.140%	$49K	$1.4M	10x	as long as short
Hotstuff NVDA-PERP	+0.0208%	1h	227.55	−0.158%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	−0.009%	$73K	$135	30x	as long as short
edgeX NVDAUSDC	+0.0387%	4h	227.61	−0.131%	$170K	$1.9M	20x	as long as short