Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.017%

Price spread now: HTX against tradeXYZ+0.088%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.088%, 7d avg +0.042%

Together, before fees−0.187%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.046% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of +0.042%): +$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 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NVDA	226.12	0.0089	pay 0.0011% / 1h	6m 59s	$146.9M	$43.2M	20x
Short	HTX NVDA-USDT	226.32	0	get 0.0000% / 8h	6m 59s	$198K	$439K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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 tradeXYZbpFee HTXbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$18.6
Price spread: +0.088% → +0.042%: $4.63
Slippage, 4 orders: −$8.7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$52.67
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; HTX: live order book, 31 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 tradeXYZ live order book, 3 min ago	0.22 bp	9.2 bp −$9	10.3 bp −$103	doesn't fit	doesn't fit
Sell HTX live order book, 31 min ago	0.22 bp	11.6 bp −$12	13.2 bp −$132	16.8 bp −$1,679	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	226.25	+0.057%	$12.5M	$14.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.26	+0.062%	$14.1M	$20.3M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	226.16	+0.018%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.24	+0.053%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.36	+0.106%	$15.9M	$16.6M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.95	−0.075%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	226.32	+0.088%	$198K	$439K	30x
Phemex NVDAUSDT	0.0000%	4h	226.56	+0.195%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.08	−0.016%	$117K	$51K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.26	+0.062%	$392K	$738K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0044%	8h	226.28	+0.069%	$21K	$424K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.34	+0.097%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.17	+0.022%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.03	−0.040%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0060%	8h	226.25	+0.056%	$481K	$530K	20x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.29	+0.075%	$1.3M	$9.1M	10x	as long as short
Polymarket Perps NVDA-USD	+0.0080%	1h	226.22	+0.044%	$391K	$247K	10x	as long as short
Variational Omni NVDA	+0.0083%	8h	226.23	+0.047%	$3.5M	$2.3M	—	as long as short
tradeXYZ xyz:NVDAlong	+0.0089%	1h	226.12	long leg	$146.9M	$43.2M	20x
Pacifica NVDA	+0.0100%	1h	226.16	+0.018%	$297K	$48K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.03	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.28	+0.071%	$36K	$21K	20x	as long as short
KuCoin NVDAUSDTM	+0.0101%	8h	226.28	+0.071%	$1.6M	$825K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.31	+0.085%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.013%	$1.3M	$695K	10x	as long as short
Binance NVDAUSDT	+0.0145%	8h	226.27	+0.068%	$155.3M	$219.7M	50x	as long as short
Lighter NVDA	+0.0160%	1h	226.21	+0.040%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0172%	1h	226.09	−0.012%	$480K	$223K	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.26	+0.062%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.186%	$73K	$140	30x	as long as short
Lighter RH NVDA	+0.0232%	1h	226.35	+0.102%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0265%	8h	226.35	+0.102%	$711K	$195K	20x	as long as short
edgeX NVDAUSDC	+0.0304%	4h	226.28	+0.072%	$170K	$1.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	225.96	−0.071%	$644K	$875K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0413%	1h	226.24	+0.053%	$53K	$1.9M	10x	as long as short