Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h −0.044%

Price spread now: Hotstuff against Aster−0.064%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hotstuff is 0.064% cheaper against Aster than usual: you would sell low and buy high (−$6 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	Aster NVDAUSDT	227.71	0.0034	pay 0.0034% / 8h	4h 19m	$484K	$590K	20x
Short	Hotstuff NVDA-PERP	227.56	0.0016	get 0.0002% / 1h	19m 08s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Aster. 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 AsterbpFee HotstuffbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$3.7
Price spread: −0.064% → 0.000%: −$6.44
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$23.13
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 38 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 Aster live order book, 38 min ago	0.44 bp	5.7 bp −$6	8.9 bp −$89	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
Bybit NVDAUSDT	0.0000%	8h	227.66	−0.020%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.65	−0.025%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.61	−0.042%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.68	−0.012%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.35	−0.157%	$1K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	−0.029%	$198K	$469K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.78	+0.032%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.53	−0.079%	$118K	$54K	10x	as long as short
Hotstuff NVDA-PERPshort	+0.0016%	1h	227.56	−0.064%	$35K	—	20x
GRVT NVDA_USDT_Perp	+0.0028%	8h	227.69	−0.009%	$20K	$390K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDTlong	+0.0034%	8h	227.71	long leg	$484K	$590K	20x
Arcus NVDA-USD	+0.0040%	1h	227.61	−0.042%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.78	+0.032%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.52	−0.082%	$147.8M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.62	−0.038%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.53	−0.078%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.49	−0.095%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.62	−0.038%	$1.3M	$9.3M	10x	as long as short
Variational Omni NVDA	+0.0063%	8h	227.74	+0.016%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0071%	1h	227.54	−0.073%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0080%	1h	227.64	−0.028%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.51	−0.088%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	−0.060%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.64	−0.029%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.078%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.67	−0.017%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0118%	8h	227.68	−0.012%	$156.3M	$215.7M	50x	as long as short
KuCoin NVDAUSDTM	+0.0134%	8h	227.69	−0.007%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.78	+0.032%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.68	−0.012%	$94K	$112K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.59	−0.051%	$49K	$1.6M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.089%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0238%	8h	227.70	−0.003%	$721K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0392%	1h	227.47	−0.104%	$679K	$743K	10x	as long as short
edgeX NVDAUSDC	+0.0989%	4h	227.65	−0.023%	$171K	$1.9M	20x	as long as short