Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0512%/8h= −56.0% APRpaid last 24h −0.080%

Price spread now: HTX against edgeX−0.055%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.931%−$93 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.055%, 7d avg −0.012%

Together, before fees−0.959%+ Points / potential airdropedgeX: Active · farm board−$96 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and HTX is 0.043% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.54	0.0512	pay 0.0256% / 4h	54m 26s	$172K	$1.9M	20x
Short	HTX NVDA-USDT	227.41	0	get 0.0000% / 8h	4h 54m	$199K	$399K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$107.42
Price spread: −0.055% → −0.012%: −$4.33
Slippage, 4 orders: −$20.12
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$152.87
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; HTX: live order book, 52 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 edgeX live order book, 3 min ago	3.52 bp	8.4 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell HTX live order book, 52 min ago	0.88 bp	12.9 bp −$13	15.2 bp −$152	40.7 bp −$4,073	doesn't fit

NVDA on 35 exchanges

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
Hotstuff NVDA-PERP	−0.1600%	1h	227.32	−0.095%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.54	+0.002%	$12.6M	$16.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	+0.007%	$14.6M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.45	−0.037%	$7.2M	$9.1M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.55	+0.007%	$15.6M	$15.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.07	−0.204%	$2K	$3.3M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.41	−0.055%	$199K	$399K	30x
Phemex NVDAUSDT	0.0000%	4h	227.47	−0.029%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.43	−0.044%	$117K	$51K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.26	−0.120%	$608K	$932K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NVDA-USD	+0.0038%	1h	227.48	−0.024%	$1.3M	$9.0M	10x	as long as short
Lighter NVDA	+0.0040%	1h	227.43	−0.048%	$2.1M	$3.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0045%	8h	227.55	+0.006%	$19K	$417K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.62	+0.037%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.34	−0.086%	$149.3M	$44.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.42	−0.051%	$392K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.31	−0.099%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.29	−0.108%	$1.5M	$2.0M	15x	as long as short
Aster NVDAUSDT	+0.0050%	8h	227.47	−0.030%	$484K	$565K	20x	as long as short
Arcus NVDA-USD	+0.0083%	1h	227.43	−0.046%	$384K	$721K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	−0.099%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.39	−0.064%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.39	−0.064%	$36K	$19K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.33	−0.090%	$16K	$1.9M	10x	as long as short
Nado NVDA-PERP	+0.0122%	1h	227.36	−0.077%	$478K	$207K	20x	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.44	−0.042%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.41	−0.055%	$1.3M	$667K	10x	as long as short
Variational Omni NVDA	+0.0135%	8h	227.39	−0.062%	$3.3M	$2.4M	—	as long as short
Phoenix NVDA	+0.0141%	1h	227.52	−0.007%	$94K	$83K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.59	+0.024%	$5.3M	$7.1M	20x	as long as short
KuCoin NVDAUSDTM	+0.0152%	8h	227.50	−0.015%	$1.6M	$1.5M	20x	as long as short
Binance NVDAUSDT	+0.0186%	8h	227.46	−0.033%	$155.5M	$225.1M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.90	+0.160%	$73K	$134	30x	as long as short
BloFin NVDA-USDT	+0.0306%	8h	227.44	−0.042%	$740K	$202K	20x	as long as short
edgeX NVDAUSDClong	+0.0512%	4h	227.54	long leg	$172K	$1.9M	20x