Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h −0.044%

Price spread now: HTX against Lighter+0.053%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.298%−$30 on $10k

Price spread, last 3 days (all we have)−0.075%−$7 · spread now +0.053%, 7d avg −0.020%

Together, before fees−0.373%+ Points / potential airdropLighter: Season 3 · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.073% dearer against Lighter than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.020%): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	227.72	0.0176	pay 0.0022% / 1h	49m 52s	$2.2M	$3.2M	20x
Short	HTX NVDA-USDT	227.84	0	get 0.0000% / 8h	5h 49m	$198K	$480K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Lighter. 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 LighterbpFee HTXbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$36.96
Price spread: +0.053% → −0.020%: $7.25
Slippage, 4 orders: −$6.82
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$48.53
Costs to cover: 0.188%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; HTX: live order book, 14 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 Lighter live order book, 7 min ago	0.40 bp	0.9 bp −$1	1.9 bp −$19	7.6 bp −$757	doesn't fit
Sell HTX live order book, 14 min ago	0.22 bp	10.1 bp −$10	11.2 bp −$112	21.0 bp −$2,103	doesn't fit

NVDA on 34 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	227.71	−0.004%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.68	−0.018%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.65	−0.031%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.78	+0.026%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.76	+0.018%	$20K	$385K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.24	−0.211%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.84	+0.053%	$198K	$480K	30x
Phemex NVDAUSDT	0.0000%	4h	227.78	+0.026%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	227.75	+0.014%	$484K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.53	−0.083%	$118K	$54K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0027%	8h	227.69	−0.013%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.73	+0.004%	$406K	$712K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.74	+0.009%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	+0.053%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.56	−0.070%	$148.1M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.65	−0.031%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.56	−0.070%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.52	−0.088%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.63	−0.040%	$49K	$1.6M	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.114%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0087%	8h	227.73	+0.004%	$156.3M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.60	−0.053%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	−0.066%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.69	−0.013%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.71	−0.003%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.65	−0.031%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.77	+0.022%	$1.6M	$723K	20x	as long as short
Nado NVDA-PERP	+0.0132%	1h	227.63	−0.039%	$484K	$229K	20x	as long as short
Hotstuff NVDA-PERP	+0.0144%	1h	227.58	−0.061%	$35K	—	20x	as long as short
Lighter NVDAlong	+0.0176%	1h	227.72	long leg	$2.2M	$3.2M	20x
Lighter RH NVDA	+0.0200%	1h	227.86	+0.061%	$5.1M	$7.0M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.083%	$73K	$134	30x	as long as short
Extended NVDA_24_5-USD	+0.0232%	1h	227.54	−0.077%	$689K	$714K	10x	as long as short
edgeX NVDAUSDC	+0.0375%	4h	227.68	−0.016%	$170K	$1.9M	20x	as long as short