Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0146%/8h= −15.9% APRpaid last 24h −0.044%

Price spread now: HTX against Deribit+0.101%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.171%−$17 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.101%, 7d avg +0.010%

Together, before fees−0.227%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.091% dearer against Deribit than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of +0.010%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NVDA_USDC-PERPETUAL	227.61	0.0146	pay 0.0018% / 1h	47m 58s	$49K	$1.6M	10x
Short	HTX NVDA-USDT	227.84	0	get 0.0000% / 8h	5h 47m	$198K	$480K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$30.57
Price spread: +0.101% → +0.010%: $9.09
Slippage, 4 orders: −$13.37
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$53.85
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; HTX: live order book, 15 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 Deribit live order book, 1 min ago	3.52 bp	7.4 bp −$7	8.3 bp −$83	doesn't fit	doesn't fit
Sell HTX live order book, 15 min ago	0.22 bp	10.1 bp −$10	11.2 bp −$112	21.0 bp −$2,103	doesn't fit

NVDA on 34 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	227.67	+0.026%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.66	+0.022%	$14.4M	$20.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.62	+0.004%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.75	+0.062%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.76	+0.066%	$20K	$385K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.20	−0.180%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.84	+0.101%	$198K	$480K	30x
Phemex NVDAUSDT	0.0000%	4h	227.78	+0.075%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	227.69	+0.033%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.53	−0.035%	$118K	$54K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0027%	8h	227.69	+0.035%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.72	+0.048%	$406K	$712K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.66	+0.022%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.79	+0.079%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.53	−0.035%	$148.0M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.62	+0.004%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.53	−0.035%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.52	−0.040%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	227.52	−0.040%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.066%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0087%	8h	227.70	+0.040%	$156.3M	$215.3M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.53	−0.034%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	−0.018%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.65	+0.018%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.66	+0.021%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.58	−0.013%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0122%	1h	227.56	−0.023%	$484K	$229K	20x	as long as short
KuCoin NVDAUSDTM	+0.0129%	8h	227.72	+0.048%	$1.6M	$723K	20x	as long as short
Deribit NVDA_USDC-PERPETUALlong	+0.0146%	1h	227.61	long leg	$49K	$1.6M	10x
Lighter NVDA	+0.0168%	1h	227.68	+0.032%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.82	+0.092%	$5.1M	$7.0M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.132%	$73K	$134	30x	as long as short
Extended NVDA_24_5-USD	+0.0240%	1h	227.51	−0.044%	$689K	$714K	10x	as long as short
edgeX NVDAUSDC	+0.0375%	4h	227.68	+0.032%	$170K	$1.9M	20x	as long as short