Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.027%

Price spread now: Arcus against HTX−0.075%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on HTX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.089%+$9 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.075%, 7d avg −0.070%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.070%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	226.46	0	get 0.0000% / 8h	1h 29m	$198K	$452K	30x
Short	Arcus NVDA-USD	226.29	0.0040	get 0.0005% / 1h	29m 20s	$398K	$729K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against HTX. 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 HTXbpFee ArcusbpOrdersPrice spread, now −0.075%Rate

Funding earned: $8.46
Price spread: −0.075% → −0.070%: −$0.48
Slippage, 4 orders: −$22.4
Fee HTX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$30.93
Costs to cover: 0.389%
Break-even: 32.6 days

Slippage from HTX: live order book, 14 min ago; Arcus: live order book, 15 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 HTX live order book, 14 min ago	0.22 bp	7.9 bp −$8	8.1 bp −$81	16.7 bp −$1,669	doesn't fit
Sell Arcus live order book, 15 min ago	1.10 bp	10.9 bp −$11	15.4 bp −$154	doesn't fit	doesn't fit

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	226.48	+0.010%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.44	−0.009%	$12.4M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.43	−0.013%	$14.1M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.39	−0.031%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.50	+0.018%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.34	−0.053%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.09	−0.163%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	226.46	long leg	$198K	$452K	30x
Phemex NVDAUSDT	0.0000%	4h	226.60	+0.062%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.16	−0.131%	$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	+0.0016%	8h	226.32	−0.064%	$3.5M	$2.2M	—	as long as short
Arcus NVDA-USDshort	+0.0040%	1h	226.29	−0.075%	$398K	$729K	20x
Vest NVDA-USD-PERP	+0.0046%	1h	226.54	+0.035%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.32	−0.062%	$147.0M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.39	−0.031%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.29	−0.075%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.08	−0.168%	$1.6M	$1.9M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	226.29	−0.075%	$35K	—	20x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.43	−0.013%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0085%	8h	226.46	0.000%	$154.5M	$217.9M	50x	as long as short
Lighter NVDA	+0.0088%	1h	226.41	−0.023%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.29	−0.077%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.34	−0.053%	$1.6M	$744K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.16	−0.132%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.41	−0.022%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.39	−0.031%	$53K	$1.8M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.44	−0.011%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.26	−0.088%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.075%	$1.3M	$732K	10x	as long as short
Nado NVDA-PERP	+0.0128%	1h	226.30	−0.071%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.54	+0.035%	$5.0M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0206%	8h	226.44	−0.009%	$714K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.093%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0440%	1h	226.27	−0.082%	$649K	$783K	10x	as long as short
edgeX NVDAUSDC	+0.0818%	4h	226.29	−0.073%	$170K	$1.9M	20x	as long as short