Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.045%

Price spread now: Orderly against Hotstuff+0.057%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 Orderly

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 +$1 a day on $10k at the current rate, and Orderly is 0.057% dearer against Hotstuff than usual: you sell high and buy low: +$6 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	227.39	0.0056	pay 0.0007% / 1h	43m 42s	$35K	—	20x
Short	Orderly PERP_NVDA_USDC	227.52	0.0100	get 0.0100% / 8h	43m 42s	$36K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.057%Rate

Funding earned: $9.24
Price spread: +0.057% → 0.000%: $5.72
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $3.96
Costs to cover: 0.110%
Break-even: 4.0 days

Slippage unknown: Hotstuff: no order-book sample; Orderly: 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Hotstuff and Orderly: 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	227.42	+0.013%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.58	+0.084%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	+0.070%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.49	+0.044%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.45	+0.025%	$3.6M	$2.1M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.48	+0.039%	$20K	$427K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.96	−0.189%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.040%	$198K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.55	+0.070%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0030%	1h	227.41	+0.008%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0044%	8h	227.60	+0.092%	$156.4M	$220.2M	50x	as long as short
Bitget NVDAUSDT	+0.0045%	8h	227.62	+0.101%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.58	+0.084%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.44	+0.022%	$147.5M	$48.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.45	+0.026%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.41	+0.009%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.040%	$1.6M	$2.1M	15x	as long as short
Extended NVDA_24_5-USD	+0.0056%	1h	227.35	−0.018%	$536K	$446K	10x	as long as short
Hotstuff NVDA-PERPlong	+0.0056%	1h	227.39	long leg	$35K	—	20x
QFEX NVDA-USD	+0.0060%	1h	227.51	+0.053%	$1.6M	$11.4M	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.54	+0.067%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0092%	1h	227.38	−0.006%	$484K	$228K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.167%	$1.3M	$862K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.41	+0.009%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.053%	$1.6M	$745K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	227.52	+0.057%	$36K	$22K	20x
Phoenix NVDA	+0.0106%	1h	227.34	−0.022%	$93K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.40	+0.004%	$400K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0162%	8h	227.49	+0.044%	$671K	$204K	20x	as long as short
edgeX NVDAUSDC	+0.0183%	4h	227.45	+0.025%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.73	+0.150%	$73K	$135	30x	as long as short
Lighter RH NVDA	+0.0240%	1h	227.70	+0.136%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0256%	1h	227.61	+0.096%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0366%	1h	227.51	+0.053%	$49K	$1.4M	10x	as long as short