Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.027%

Price spread now: HTX against Arcus+0.057%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.057%, 7d avg +0.071%

Together, before fees−0.261%−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	227.71	0.0040	pay 0.0005% / 1h	46m 26s	$406K	$712K	20x
Short	HTX NVDA-USDT	227.84	0	get 0.0000% / 8h	5h 46m	$198K	$480K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. 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 ArcusbpFee HTXbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$8.46
Price spread: +0.057% → +0.071%: −$1.39
Slippage, 4 orders: −$14.35
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$40.69
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from Arcus: live order book, 17 min ago; HTX: live order book, 17 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 Arcus live order book, 17 min ago	1.10 bp	10.0 bp −$10	12.5 bp −$125	doesn't fit	doesn't fit
Sell HTX live order book, 17 min ago	0.22 bp	10.1 bp −$10	11.2 bp −$112	21.0 bp −$2,103	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	227.66	−0.022%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.65	−0.026%	$14.4M	$20.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.61	−0.044%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.74	+0.013%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.76	+0.022%	$20K	$385K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.20	−0.224%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.84	+0.057%	$198K	$480K	30x
Phemex NVDAUSDT	0.0000%	4h	227.78	+0.031%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	227.67	−0.017%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.53	−0.081%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0027%	8h	227.69	−0.009%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USDlong	+0.0040%	1h	227.71	long leg	$406K	$712K	20x
QFEX NVDA-USD	+0.0044%	1h	227.66	−0.022%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.78	+0.031%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.53	−0.079%	$148.0M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.62	−0.040%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.53	−0.079%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.48	−0.101%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	227.53	−0.079%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.110%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0086%	8h	227.69	−0.009%	$156.3M	$215.3M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.55	−0.071%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.53	−0.079%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.64	−0.031%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.66	−0.023%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.58	−0.057%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0117%	1h	227.55	−0.068%	$484K	$229K	20x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.72	+0.004%	$1.6M	$724K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.61	−0.044%	$49K	$1.6M	10x	as long as short
Lighter NVDA	+0.0160%	1h	227.68	−0.014%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0200%	1h	227.82	+0.048%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	227.68	−0.013%	—	$202K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.96	+0.110%	$73K	$136	30x	as long as short
Extended NVDA_24_5-USD	+0.0248%	1h	227.51	−0.086%	$689K	$714K	10x	as long as short
edgeX NVDAUSDC	+0.0958%	4h	227.69	−0.010%	$170K	$1.9M	20x	as long as short