Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h —

Price spread now: Hotstuff against Aevo−0.055%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 7 days—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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.055% cheaper against Aevo than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NVDA-PERP	226.26	0.0112	pay 0.0014% / 1h	11m 01s	—	—	10x
Short	Hotstuff NVDA-PERP	226.14	0.0048	get 0.0006% / 1h	11m 01s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Aevo. 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 AevobpFee HotstuffbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$13.44
Price spread: −0.055% → 0.000%: −$5.48
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$39.92
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; 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 Aevo no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Aevo and 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
Bybit NVDAUSDT	0.0000%	8h	226.23	−0.015%	$12.4M	$14.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.25	−0.006%	$14.1M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.22	−0.019%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.31	+0.020%	$15.9M	$16.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.01	−0.112%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.32	+0.025%	$198K	$442K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.55	+0.126%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	226.21	−0.025%	$117K	$51K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.30	+0.016%	$392K	$738K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0042%	8h	226.47	+0.092%	$22K	$423K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NVDA-USD-PERP	+0.0046%	1h	226.30	+0.016%	—	$74K	25x	as long as short
Hotstuff NVDA-PERPshort	+0.0048%	1h	226.14	−0.055%	$35K	—	20x
SoDEX NVDA-USD	+0.0050%	1h	226.10	−0.072%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.08	−0.081%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0056%	8h	226.26	0.000%	$481K	$530K	20x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.26	−0.002%	$1.3M	$9.1M	10x	as long as short
Variational Omni NVDA	+0.0077%	8h	226.31	+0.020%	$3.5M	$2.2M	—	as long as short
Polymarket Perps NVDA-USD	+0.0082%	1h	226.18	−0.037%	$391K	$247K	10x	as long as short
tradeXYZ xyz:NVDA	+0.0086%	1h	226.10	−0.072%	$146.9M	$43.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.11	−0.068%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.27	+0.003%	$1.6M	$815K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.23	−0.015%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.24	−0.011%	$36K	$21K	20x	as long as short
Aevo NVDA-PERPlong	+0.0112%	1h	226.26	long leg	—	—	10x
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.077%	$1.3M	$697K	10x	as long as short
Binance NVDAUSDT	+0.0142%	8h	226.25	−0.006%	$155.2M	$219.9M	50x	as long as short
Lighter NVDA	+0.0160%	1h	226.20	−0.029%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0171%	1h	226.08	−0.079%	$480K	$223K	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.29	+0.011%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.78	+0.228%	$73K	$139	30x	as long as short
Lighter RH NVDA	+0.0232%	1h	226.34	+0.034%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0262%	8h	226.33	+0.029%	$711K	$195K	20x	as long as short
Extended NVDA_24_5-USD	+0.0352%	1h	225.99	−0.121%	$644K	$875K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0502%	1h	226.18	−0.037%	$53K	$1.9M	10x	as long as short
edgeX NVDAUSDC	+0.0539%	4h	226.32	+0.023%	$170K	$1.9M	20x	as long as short