Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.008%

Price spread now: Hotstuff against SunX+0.101%7-day average — · you sell dearer than you buy

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

Long on SunX 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

The price spread pays, funding is against you. Hotstuff is 0.101% dearer against SunX than usual: you sell high and buy low (spread +0.101% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	226.95	0	get 0.0000% / 8h	1h 38m	$2K	$4.0M	20x
Short	Hotstuff NVDA-PERP	227.18	−0.0064	pay 0.0008% / 1h	38m 10s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against SunX. 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 SunXbpFee HotstuffbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$13.44
Price spread: +0.101% → 0.000%: $10.13
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$16.31
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 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 SunX live order book, 10 min ago	22.01 bp	38.2 bp −$38	67.4 bp −$674	doesn't fit	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
Hotstuff NVDA-PERPshort	−0.0064%	1h	227.18	+0.101%	$35K	—	20x
Aster NVDAUSDT	0.0000%	8h	227.28	+0.146%	$474K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.40	+0.198%	$156.1M	$220.7M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.36	+0.181%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.35	+0.176%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.29	+0.150%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.34	+0.171%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.30	+0.154%	$20K	$446K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	226.95	long leg	$2K	$4.0M	20x
HTX NVDA-USDT	0.0000%	8h	227.41	+0.203%	$202K	$523K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.36	+0.181%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.08	+0.059%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0018%	8h	227.38	+0.189%	$15.6M	$18.1M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.15	+0.088%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.34	+0.172%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.41	+0.203%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.18	+0.101%	$147.2M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.22	+0.119%	$390K	$280K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.21	+0.115%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.09	+0.062%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0067%	1h	227.19	+0.106%	$483K	$227K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.20	+0.110%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.36	+0.181%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	+0.026%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.21	+0.115%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.32	+0.163%	$1.6M	$753K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.18	+0.101%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.32	+0.163%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	227.49	+0.238%	$4.9M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.38	+0.189%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.37	+0.185%	$2.1M	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.27	+0.141%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.291%	$73K	$136	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.23	+0.123%	$388K	$709K	20x	as long as short
edgeX NVDAUSDC	+0.0455%	4h	227.32	+0.163%	$170K	$1.9M	20x	as long as short