Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.116%

Price spread now: Hotstuff against edgeX+0.004%7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · Hotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.63	0.0364	pay 0.0182% / 4h	3h 51m	$170K	$1.9M	20x
Short	Hotstuff NVDA-PERP	227.64	0.0232	get 0.0029% / 1h	51m 22s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against edgeX. 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 edgeXbpFee HotstuffbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$27.82
Price spread: +0.004% → 0.000%: $0.43
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$41.39
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 3 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 edgeX live order book, 3 min ago	3.51 bp	8.3 bp −$8	12.4 bp −$124	doesn't fit	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	227.59	−0.019%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.73	+0.044%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.70	+0.031%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.63	0.000%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.71	+0.035%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.66	+0.013%	$20K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.32	−0.136%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.066%	$197K	$516K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.68	+0.022%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.47	−0.070%	$118K	$56K	10x	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	227.62	−0.004%	$535K	$447K	10x	as long as short
Bitget NVDAUSDT	+0.0032%	8h	227.74	+0.048%	$15.5M	$17.1M	100x	as long as short
Binance NVDAUSDT	+0.0036%	8h	227.74	+0.048%	$156.4M	$218.6M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.53	−0.044%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.69	+0.026%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	+0.092%	—	$74K	25x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.68	+0.022%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.56	−0.031%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.46	−0.075%	$1.6M	$2.0M	15x	as long as short
tradeXYZ xyz:NVDA	+0.0053%	1h	227.57	−0.026%	$148.1M	$46.9M	20x	as long as short
Nado NVDA-PERP	+0.0058%	1h	227.66	+0.015%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.075%	$1.3M	$823K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.67	+0.016%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.58	−0.021%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.54	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.70	+0.031%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.65	+0.009%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0118%	8h	227.68	+0.022%	$1.6M	$743K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.78	+0.068%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.90	+0.119%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0140%	8h	227.67	+0.017%	$714K	$205K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0189%	1h	227.73	+0.044%	$49K	$1.4M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.114%	$73K	$135	30x	as long as short
Hotstuff NVDA-PERPshort	+0.0232%	1h	227.64	+0.004%	$35K	—	20x
edgeX NVDAUSDClong	+0.0364%	4h	227.63	long leg	$170K	$1.9M	20x