Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: HTX against Pacifica+0.080%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.080%, 7d avg +0.034%

Together, before fees−0.304%+ Points / potential airdropPacifica: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.046% dearer against Pacifica than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of +0.034%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	227.46	0.0100	pay 0.0013% / 1h	42m 43s	$299K	$51K	10x
Short	HTX NVDA-USDT	227.64	0	get 0.0000% / 8h	4h 42m	$198K	$472K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$21
Price spread: +0.080% → +0.034%: $4.62
Slippage, 4 orders: −$19.34
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$55.72
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from Pacifica: live order book, 16 min ago; HTX: live order book, 16 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 Pacifica live order book, 16 min ago	1.98 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 16 min ago	0.22 bp	10.6 bp −$11	12.7 bp −$127	22.7 bp −$2,272	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
Bybit NVDAUSDT	0.0000%	8h	227.58	+0.054%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.56	+0.045%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.49	+0.014%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.59	+0.058%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.16	−0.131%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.49	+0.014%	$49K	$1.6M	10x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.64	+0.080%	$198K	$472K	30x
Phemex NVDAUSDT	0.0000%	4h	227.62	+0.071%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0018%	1h	227.42	−0.015%	$118K	$54K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.049%	$406K	$744K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0042%	8h	227.61	+0.065%	$483K	$590K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.69	+0.102%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.43	−0.012%	$147.7M	$43.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.55	+0.040%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.43	−0.012%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.069%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.57	+0.049%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0068%	8h	227.61	+0.067%	$20K	$388K	10x	as long as short
Variational Omni NVDA	+0.0075%	8h	227.53	+0.033%	$3.5M	$2.1M	—	as long as short
Lighter NVDA	+0.0096%	1h	227.55	+0.042%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.46	long leg	$299K	$51K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.43	−0.012%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.56	+0.045%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	+0.032%	$1.3M	$775K	10x	as long as short
Nado NVDA-PERP	+0.0110%	1h	227.49	+0.014%	$484K	$228K	20x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.55	+0.040%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0127%	8h	227.58	+0.052%	$156.6M	$216.2M	50x	as long as short
Hotstuff NVDA-PERP	+0.0136%	1h	227.40	−0.025%	$35K	—	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.45	−0.003%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0150%	8h	227.60	+0.062%	$1.6M	$726K	20x	as long as short
Lighter RH NVDA	+0.0184%	1h	227.72	+0.115%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.252%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0248%	8h	227.55	+0.040%	$723K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0472%	1h	227.43	−0.014%	$685K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0666%	4h	227.55	+0.039%	$170K	$1.9M	20x	as long as short