Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: HTX against Bybit+0.013%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.013%, 7d avg −0.014%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.027% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	227.79	0	get 0.0000% / 8h	6h 57m	$12.7M	$15.3M	100x
Short	HTX NVDA-USDT	227.82	0	get 0.0000% / 8h	6h 57m	$198K	$505K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.014%: $2.74
Slippage, 4 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$29.26
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; HTX: live order book, 11 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 Bybit live order book, 1 min ago	0.22 bp	6.2 bp −$6	9.7 bp −$97	66.3 bp −$6,635	doesn't fit
Sell HTX live order book, 11 min ago	0.22 bp	10.9 bp −$11	12.2 bp −$122	22.9 bp −$2,289	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 NVDAUSDTlong	0.0000%	8h	227.79	long leg	$12.7M	$15.3M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	227.78	−0.004%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.73	−0.026%	$7.2M	$9.5M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.31	−0.211%	$2K	$3.8M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.76	−0.013%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.82	+0.013%	$198K	$505K	30x
Phemex NVDAUSDT	0.0000%	4h	227.88	+0.040%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	227.80	+0.006%	$484K	$582K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.85	+0.025%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0019%	8h	227.86	+0.029%	$3.5M	$1.9M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.61	−0.079%	$686K	$695K	10x	as long as short
Bitget NVDAUSDT	+0.0032%	8h	227.82	+0.013%	$15.4M	$16.8M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.68	−0.048%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.78	−0.004%	$1.5M	$10.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.90	+0.048%	—	$74K	25x	as long as short
Nado NVDA-PERP	+0.0050%	1h	227.67	−0.052%	$484K	$229K	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.64	−0.066%	$148.0M	$46.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.76	−0.013%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.68	−0.048%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.59	−0.088%	$1.5M	$2.1M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.145%	$1.3M	$798K	10x	as long as short
Lighter RH NVDA	+0.0080%	1h	227.93	+0.061%	$5.1M	$7.0M	20x	as long as short
Hotstuff NVDA-PERP	+0.0080%	1h	227.65	−0.061%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0087%	8h	227.80	+0.004%	$156.4M	$216.9M	50x	as long as short
Lighter NVDA	+0.0096%	1h	227.80	+0.004%	$2.2M	$3.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.67	−0.054%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.72	−0.031%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.80	+0.004%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.80	+0.006%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.74	−0.022%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0143%	8h	227.85	+0.026%	$1.6M	$735K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0169%	8h	227.88	+0.040%	$20K	$392K	10x	as long as short
BloFin NVDA-USDT	+0.0208%	8h	227.88	+0.040%	$720K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.180%	$73K	$133	30x	as long as short
edgeX NVDAUSDC	+0.0417%	4h	227.87	+0.036%	$170K	$1.9M	20x	as long as short