Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.032%

Price spread now: Hotstuff against Bitget−0.097%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hotstuff is 0.097% cheaper against Bitget than usual: you would sell low and buy high (−$10 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	Bitget NVDAUSDT	227.49	0.0029	pay 0.0029% / 8h	1h 14m	$15.6M	$17.7M	100x
Short	Hotstuff NVDA-PERP	227.27	0	get 0.0000% / 1h	14m 58s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bitget. 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 BitgetbpFee HotstuffbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$6.09
Price spread: −0.097% → 0.000%: −$9.67
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$32.76
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	0.22 bp	6.5 bp −$7	10.0 bp −$100	23.4 bp −$2,340	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
Aster NVDAUSDT	0.0000%	8h	227.46	−0.015%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.44	−0.022%	$12.7M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.41	−0.035%	$14.4M	$21.1M	50x	as long as short
Hotstuff NVDA-PERPshort	0.0000%	1h	227.27	−0.097%	$35K	—	20x
Gate NVDA_USDT	0.0000%	8h	227.36	−0.057%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.42	−0.032%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.48	−0.004%	$20K	$432K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.93	−0.246%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.47	−0.009%	$198K	$528K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.49	0.000%	$2.2M	$42K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0019%	1h	227.45	−0.019%	$118K	$55K	10x	as long as short
Binance NVDAUSDT	+0.0022%	8h	227.46	−0.014%	$156.3M	$220.7M	50x	as long as short
Bitget NVDAUSDTlong	+0.0029%	8h	227.49	long leg	$15.6M	$17.7M	100x
Extended NVDA_24_5-USD	+0.0032%	1h	227.24	−0.111%	$536K	$446K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.40	−0.040%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.46	−0.013%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.28	−0.092%	$147.3M	$49.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.30	−0.084%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.26	−0.101%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.35	−0.062%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.26	−0.101%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0086%	8h	227.48	−0.004%	$715K	$204K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.41	−0.034%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.211%	$1.3M	$880K	10x	as long as short
Nado NVDA-PERP	+0.0098%	1h	227.27	−0.097%	$483K	$227K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.25	−0.105%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.52	+0.013%	$1.6M	$750K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.29	−0.088%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.39	−0.044%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.32	−0.075%	$49K	$1.4M	10x	as long as short
Lighter RH NVDA	+0.0168%	1h	227.57	+0.035%	$5.1M	$7.2M	20x	as long as short
edgeX NVDAUSDC	+0.0172%	4h	227.42	−0.029%	$170K	$1.9M	20x	as long as short
Lighter NVDA	+0.0184%	1h	227.46	−0.014%	$2.1M	$3.3M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.80	+0.136%	$73K	$139	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.26	−0.101%	$400K	$723K	20x	as long as short