Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0048%/8h= +5.2% APRpaid last 24h −0.058%

Price spread now: Hotstuff against Binance−0.066%7-day average — · you buy dearer than you sell

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

Long on Binance 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 airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.066% cheaper against Binance than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	226.35	0.0088	pay 0.0088% / 8h	1h 45m	$154.3M	$219.1M	50x
Short	Hotstuff NVDA-PERP	226.20	0.0136	get 0.0017% / 1h	45m 41s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Binance. 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 BinancebpFee HotstuffbpOrdersPrice spread, now −0.066%Rate

Funding earned: $10.03
Price spread: −0.066% → 0.000%: −$6.63
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$11.6
Costs to cover: 0.150%
Break-even: 15.1 days

Slippage unknown: Binance: live order book, 13 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 Binance live order book, 13 min ago	0.22 bp	5.2 bp −$5	5.8 bp −$58	16.4 bp −$1,643	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	226.33	−0.009%	$12.4M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.34	−0.004%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.28	−0.031%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.34	−0.004%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.48	+0.059%	$22K	$422K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.02	−0.146%	$3K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.58	+0.102%	$198K	$454K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.59	+0.106%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	226.39	+0.020%	$482K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.33	−0.009%	$117K	$52K	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	+0.0018%	8h	226.33	−0.011%	$3.6M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.34	−0.004%	$398K	$735K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.44	+0.040%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.18	−0.075%	$146.9M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.30	−0.022%	$398K	$279K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.20	−0.066%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.27	−0.035%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.34	−0.004%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDTlong	+0.0088%	8h	226.35	long leg	$154.3M	$219.1M	50x
Lighter NVDA	+0.0096%	1h	226.29	−0.026%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.20	−0.067%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.39	+0.018%	$1.6M	$748K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.30	−0.022%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.33	−0.009%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.35	+0.001%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.34	−0.004%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.027%	$1.3M	$789K	10x	as long as short
Hotstuff NVDA-PERPshort	+0.0136%	1h	226.20	−0.066%	$35K	—	20x
Nado NVDA-PERP	+0.0151%	1h	226.24	−0.049%	$481K	$226K	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	226.43	+0.035%	$5.0M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0208%	8h	226.44	+0.040%	$717K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.74	+0.172%	$73K	$136	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0236%	1h	226.27	−0.035%	$52K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0456%	1h	226.14	−0.093%	$667K	$762K	10x	as long as short
edgeX NVDAUSDC	+0.0576%	4h	226.36	+0.005%	$170K	$1.9M	20x	as long as short