Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Phemex+0.004%7-day average −0.045% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$880.878% of the position

Long on Phemex Short on HTX

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)−0.004%$0 · spread now +0.004%, 7d avg −0.045%

Together, before fees−0.004%$0 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: HTX is 0.049% dearer against Phemex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NVDAUSDT	227.30	0	get 0.0000% / 4h	1h 49m	$2.2M	$41K	10x
Short	HTX NVDA-USDT	227.31	0	get 0.0000% / 8h	1h 49m	$202K	$524K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.045%: $4.92
Slippage, 4 orders: −$63.84
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$82.92
Costs to cover: 0.878%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; HTX: live order book, 34 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 Phemex live order book, 4 min ago	1.54 bp	32.4 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 34 min ago	0.22 bp	9.7 bp −$10	11.7 bp −$117	21.9 bp −$2,187	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	227.21	−0.038%	$474K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.26	−0.018%	$156.2M	$220.6M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.23	−0.031%	$12.6M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.24	−0.026%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.19	−0.048%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.25	−0.024%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.27	−0.013%	$20K	$452K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.90	−0.176%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.31	+0.004%	$202K	$524K	30x
Phemex NVDAUSDTlong	0.0000%	4h	227.30	long leg	$2.2M	$41K	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0014%	1h	227.19	−0.047%	$118K	$55K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.18	−0.053%	$49K	$1.5M	10x	as long as short
Bitget NVDAUSDT	+0.0025%	8h	227.24	−0.026%	$15.6M	$18.2M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.11	−0.084%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.23	−0.031%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.33	+0.013%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.10	−0.088%	$147.1M	$50.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.17	−0.057%	$390K	$281K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.10	−0.088%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.04	−0.114%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0053%	1h	227.13	−0.073%	$487K	$225K	20x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	227.09	−0.092%	$35K	—	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.11	−0.084%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0080%	1h	227.38	+0.035%	$4.9M	$7.0M	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.25	−0.023%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.128%	$1.3M	$911K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.11	−0.085%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.23	−0.031%	$1.6M	$753K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.15	−0.066%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.23	−0.031%	$36K	$22K	20x	as long as short
Lighter NVDA	+0.0112%	1h	227.26	−0.016%	$2.1M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.24	−0.026%	$714K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.63	+0.145%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.15	−0.066%	$388K	$709K	20x	as long as short
edgeX NVDAUSDC	+0.0498%	4h	227.24	−0.025%	$170K	$1.9M	20x	as long as short