Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX+0.354%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$830.834% of the position

Long on SunX 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 4 days (all we have)−0.239%−$24 · spread now +0.354%, 7d avg +0.106%

Together, before fees−0.239%−$24 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 0.248% dearer against SunX than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	226.00	0	get 0.0000% / 8h	1h 03m	$2K	$3.6M	20x
Short	HTX NVDA-USDT	226.80	0	get 0.0000% / 8h	1h 03m	$198K	$448K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.354%Rate

Funding earned: $0
Price spread: +0.354% → +0.106%: $24.82
Slippage, 4 orders: −$63.37
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$58.55
Costs to cover: 0.834%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; HTX: live order book, 40 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 SunX live order book, 5 min ago	21.86 bp	38.5 bp −$38	67.8 bp −$678	doesn't fit	doesn't fit
Sell HTX live order book, 40 min ago	0.22 bp	11.2 bp −$11	12.9 bp −$129	24.4 bp −$2,442	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
Hotstuff NVDA-PERP	−0.0008%	1h	226.30	+0.133%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.44	+0.195%	$12.4M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.46	+0.204%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.42	+0.186%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.52	+0.230%	$15.8M	$16.5M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.52	+0.230%	$21K	$420K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	226.00	long leg	$2K	$3.6M	20x
HTX NVDA-USDTshort	0.0000%	8h	226.80	+0.354%	$198K	$448K	30x
Phemex NVDAUSDT	0.0000%	4h	226.59	+0.261%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0013%	8h	226.41	+0.181%	$482K	$530K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0017%	1h	226.35	+0.153%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0031%	8h	226.57	+0.250%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.48	+0.212%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.50	+0.221%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.30	+0.133%	$147.0M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.40	+0.177%	$391K	$247K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.30	+0.133%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.14	+0.062%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.45	+0.199%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0100%	8h	226.47	+0.210%	$154.4M	$218.4M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.28	+0.124%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.50	+0.221%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.25	+0.111%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.43	+0.190%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.45	+0.199%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.44	+0.195%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	+0.128%	$1.3M	$722K	10x	as long as short
Lighter NVDA	+0.0120%	1h	226.41	+0.184%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0137%	1h	226.27	+0.121%	$481K	$223K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	226.54	+0.239%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0220%	8h	226.51	+0.226%	$712K	$195K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.94	+0.416%	$73K	$140	30x	as long as short
Extended NVDA_24_5-USD	+0.0384%	1h	226.22	+0.095%	$647K	$872K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0413%	1h	226.37	+0.164%	$53K	$1.8M	10x	as long as short
edgeX NVDAUSDC	+0.0771%	4h	226.51	+0.227%	$170K	$1.9M	20x	as long as short