Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.024%

Price spread now: Hotstuff against Bybit−0.026%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.026% cheaper against Bybit than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.8 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	Bybit NVDAUSDT	226.64	0	get 0.0000% / 8h	2h 02m	$12.5M	$15.0M	100x
Short	Hotstuff NVDA-PERP	226.58	0.0032	get 0.0004% / 1h	2m 44s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bybit. 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 BybitbpFee HotstuffbpOrdersPrice spread, now −0.026%Rate

Funding earned: $6.72
Price spread: −0.026% → 0.000%: −$2.65
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$11.93
Costs to cover: 0.160%
Break-even: 19.4 days

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.22 bp	6.3 bp −$6	9.3 bp −$93	57.6 bp −$5,756	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	226.59	−0.022%	$482K	$571K	20x	as long as short
Bybit NVDAUSDTlong	0.0000%	8h	226.64	long leg	$12.5M	$15.0M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.67	+0.013%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.64	0.000%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.69	+0.022%	$15.3M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.82	+0.079%	$21K	$417K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.39	−0.110%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.71	+0.031%	$198K	$456K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.77	+0.057%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0009%	8h	226.76	+0.051%	$3.6M	$2.1M	—	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	+0.0010%	1h	226.56	−0.035%	$117K	$52K	10x	as long as short
Hotstuff NVDA-PERPshort	+0.0032%	1h	226.58	−0.026%	$35K	—	20x
Arcus NVDA-USD	+0.0040%	1h	226.64	0.000%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.61	−0.013%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.75	+0.049%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.51	−0.057%	$147.2M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.59	−0.022%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.53	−0.049%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	−0.035%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0072%	1h	226.63	−0.006%	$2.1M	$3.4M	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	226.69	+0.022%	$154.5M	$219.1M	50x	as long as short
Nado NVDA-PERP	+0.0085%	1h	226.52	−0.055%	$482K	$226K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.47	−0.074%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.70	+0.026%	$1.6M	$744K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.59	−0.022%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.63	−0.004%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.64	0.000%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.65	+0.004%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	226.75	+0.049%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.154%	$1.3M	$789K	10x	as long as short
BloFin NVDA-USDT	+0.0201%	8h	226.71	+0.031%	$710K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.95	+0.137%	$73K	$140	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0236%	1h	226.58	−0.026%	$53K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0368%	1h	226.45	−0.084%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0414%	4h	226.75	+0.047%	$171K	$1.9M	20x	as long as short