Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.039%

Price spread now: Hotstuff against OKX−0.066%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.066% cheaper against OKX than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 14 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	227.47	0	get 0.0000% / 8h	7h 59m	$14.4M	$21.0M	50x
Short	Hotstuff NVDA-PERP	227.32	0.0016	get 0.0002% / 1h	59m 29s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against OKX. 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 OKXbpFee HotstuffbpOrdersPrice spread, now −0.066%Rate

Funding earned: $3.36
Price spread: −0.066% → 0.000%: −$6.59
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$18.23
Costs to cover: 0.150%
Break-even: 45.0 days

Slippage unknown: OKX: live order book, 4 min ago; Hotstuff: no order-book sample. Net counts fees only.

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 OKX live order book, 4 min ago	0.22 bp	5.5 bp −$5	7.8 bp −$78	17.8 bp −$1,779	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	227.50	+0.014%	$482K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.43	−0.018%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	227.47	long leg	$14.4M	$21.0M	50x
Gate NVDA_USDT	0.0000%	8h	227.34	−0.057%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.45	−0.007%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.50	+0.013%	$21K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.01	−0.202%	$3K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.53	+0.026%	$197K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.022%	$2.2M	$42K	10x	as long as short
Nado NVDA-PERP	+0.0008%	1h	227.32	−0.064%	$484K	$229K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERPshort	+0.0016%	1h	227.32	−0.066%	$35K	—	20x
Aftermath Perps NVDAUSD	+0.0016%	1h	227.35	−0.051%	$118K	$56K	10x	as long as short
Bitget NVDAUSDT	+0.0019%	8h	227.46	−0.004%	$15.5M	$17.2M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.29	−0.080%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0035%	8h	227.50	+0.011%	$156.3M	$219.4M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.51	+0.018%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.31	−0.070%	$147.8M	$48.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.39	−0.035%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.33	−0.062%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.21	−0.114%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.33	−0.062%	$1.6M	$11.5M	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.45	−0.008%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.202%	$1.3M	$839K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.30	−0.076%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.42	−0.022%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.38	−0.040%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0112%	8h	227.51	+0.018%	$1.6M	$742K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.30	−0.075%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0143%	8h	227.49	+0.009%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.41	−0.026%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	227.54	+0.031%	$5.1M	$7.1M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.40	−0.031%	$49K	$1.4M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.67	+0.088%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0575%	4h	227.45	−0.011%	$171K	$1.9M	20x	as long as short