Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h +0.025%

Price spread now: HTX against Hotstuff+0.093%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 HTX

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. HTX is 0.093% dearer against Hotstuff than usual: you sell high and buy low (spread +0.093% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NVDA-PERP	226.16	0.0112	pay 0.0014% / 1h	39m 30s	$35K	—	20x
Short	HTX NVDA-USDT	226.37	0	get 0.0000% / 8h	1h 39m	$198K	$453K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$23.52
Price spread: +0.093% → 0.000%: $9.29
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$31.23
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; HTX: live order book, 4 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 HTX live order book, 4 min ago	0.22 bp	11.2 bp −$11	12.9 bp −$129	24.4 bp −$2,442	doesn't fit

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	226.32	+0.071%	$12.4M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.28	+0.053%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.26	+0.044%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.34	+0.080%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.37	+0.091%	$21K	$422K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.96	−0.088%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	226.37	+0.093%	$198K	$453K	30x
Phemex NVDAUSDT	0.0000%	4h	226.67	+0.226%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	226.36	+0.090%	$482K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.27	+0.050%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0018%	8h	226.30	+0.060%	$3.5M	$2.2M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.28	+0.053%	$398K	$735K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.39	+0.102%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.17	+0.004%	$146.9M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.26	+0.044%	$398K	$279K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.16	0.000%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.06	−0.044%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.31	+0.066%	$1.3M	$9.1M	10x	as long as short
Lighter NVDA	+0.0088%	1h	226.27	+0.050%	$2.1M	$3.3M	20x	as long as short
Binance NVDAUSDT	+0.0088%	8h	226.32	+0.069%	$154.3M	$219.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.19	+0.012%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.34	+0.080%	$1.6M	$749K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.16	0.000%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.27	+0.049%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0104%	1h	226.23	+0.031%	$52K	$1.8M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.30	+0.063%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.27	+0.049%	$93K	$112K	20x	as long as short
Hotstuff NVDA-PERPlong	+0.0112%	1h	226.16	long leg	$35K	—	20x
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	+0.057%	$1.3M	$789K	10x	as long as short
Lighter RH NVDA	+0.0144%	1h	226.42	+0.115%	$5.0M	$6.9M	20x	as long as short
Nado NVDA-PERP	+0.0146%	1h	226.18	+0.009%	$480K	$226K	20x	as long as short
BloFin NVDA-USDT	+0.0209%	8h	226.44	+0.124%	$716K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.01	+0.376%	$73K	$137	30x	as long as short
edgeX NVDAUSDC	+0.0469%	4h	226.30	+0.060%	$170K	$1.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0472%	1h	226.15	−0.004%	$667K	$762K	10x	as long as short