Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0050%/8hpaid last 24h +0.049%

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

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

Long on Hotstuff Short on BloFin

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 airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.026% dearer against Hotstuff than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NVDA-PERP	227.24	0.0144	pay 0.0018% / 1h	4m 42s	$35K	—	20x
Short	BloFin NVDA-USDT	227.30	0.0194	get 0.0194% / 8h	4h 04m	$724K	$200K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Hotstuff. 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 HotstuffbpFee BloFinbpOrdersPrice spread, now +0.026%Rate

Funding earned: $10.51
Price spread: +0.026% → 0.000%: $2.64
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$3.85
Costs to cover: 0.170%
Break-even: 9.6 days

Slippage unknown: Hotstuff: no order-book sample; BloFin: live order book, 26 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell BloFin live order book, 26 min ago	0.88 bp	6.9 bp −$7	7.4 bp −$74	12.0 bp −$1,202	25.3 bp −$12.7K

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
Bybit NVDAUSDT	0.0000%	8h	227.24	0.000%	$12.8M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.24	0.000%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.22	−0.009%	$7.2M	$9.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.42	+0.080%	$20K	$482K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.84	−0.176%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.59	+0.154%	$197K	$435K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.34	+0.044%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0002%	8h	227.45	+0.094%	$3.3M	$2.1M	—	as long as short
Aster NVDAUSDT	+0.0019%	8h	227.26	+0.008%	$509K	$494K	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.15	−0.041%	$530K	$341K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.33	+0.040%	$412K	$652K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.41	+0.075%	—	$73K	25x	as long as short
QFEX NVDA-USD	+0.0050%	1h	227.30	+0.026%	$1.5M	$11.1M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.15	−0.040%	$147.3M	$48.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.20	−0.018%	$396K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.14	−0.044%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.11	−0.057%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.19	−0.022%	$49K	$1.4M	10x	as long as short
Binance NVDAUSDT	+0.0074%	8h	227.29	+0.021%	$156.4M	$211.2M	50x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.23	−0.006%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.19	−0.023%	$298K	$52K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.30	+0.026%	$1.6M	$722K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.32	+0.035%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.23	−0.004%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	227.39	+0.066%	$4.8M	$6.9M	20x	as long as short
Nado NVDA-PERP	+0.0105%	1h	227.18	−0.024%	$479K	$216K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.38	+0.062%	$1.3M	$833K	10x	as long as short
Hotstuff NVDA-PERPlong	+0.0144%	1h	227.24	long leg	$35K	—	20x
Aftermath Perps NVDAUSD	+0.0155%	1h	227.31	+0.033%	$118K	$54K	10x	as long as short
Bitget NVDAUSDT	+0.0174%	8h	227.29	+0.022%	$15.7M	$17.8M	100x	as long as short
Lighter NVDA	+0.0176%	1h	227.26	+0.007%	$2.0M	$3.2M	20x	as long as short
BloFin NVDA-USDTshort	+0.0194%	8h	227.30	+0.026%	$724K	$200K	20x
Phoenix NVDA	+0.0211%	1h	227.37	+0.057%	$93K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.88	+0.282%	$73K	$128	30x	as long as short
edgeX NVDAUSDC	+0.0485%	4h	227.45	+0.091%	$165K	$1.8M	20x	as long as short