Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.041%

Price spread now: Hotstuff against OKX−0.057%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Hotstuff

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hotstuff is 0.057% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	226.69	0	get 0.0000% / 8h	1h 16m	$14.2M	$20.5M	50x
Short	Hotstuff NVDA-PERP	226.56	−0.0032	pay 0.0004% / 1h	16m 58s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against OKX. 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 OKXbpFee HotstuffbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$6.72
Price spread: −0.057% → 0.000%: −$5.73
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$27.45
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; Hotstuff: 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 OKX live order book, 2 min ago	0.22 bp	6.2 bp −$6	7.7 bp −$77	16.5 bp −$1,649	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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
Hotstuff NVDA-PERPshort	−0.0032%	1h	226.56	−0.057%	$35K	—	20x
Aster NVDAUSDT	0.0000%	8h	226.52	−0.077%	$482K	$530K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.65	−0.018%	$12.4M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	226.69	long leg	$14.2M	$20.5M	50x
Gate NVDA_USDT	0.0000%	8h	226.63	−0.026%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.72	+0.013%	$15.2M	$16.1M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.64	−0.022%	$21K	$420K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.29	−0.176%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.60	−0.040%	$198K	$450K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.78	+0.040%	$2.2M	$42K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0012%	1h	226.39	−0.132%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0017%	8h	226.62	−0.033%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.59	−0.044%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.77	+0.035%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.56	−0.057%	$147.2M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.61	−0.035%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.56	−0.057%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.50	−0.084%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.63	−0.026%	$1.3M	$9.1M	10x	as long as short
edgeX NVDAUSDC	+0.0070%	4h	226.59	−0.043%	$170K	$1.9M	20x	as long as short
Binance NVDAUSDT	+0.0085%	8h	226.68	−0.005%	$154.5M	$218.4M	50x	as long as short
Lighter NVDA	+0.0088%	1h	226.63	−0.025%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.52	−0.077%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.61	−0.035%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.46	−0.101%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.63	−0.026%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.66	−0.013%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.54	−0.066%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.176%	$1.3M	$724K	10x	as long as short
Nado NVDA-PERP	+0.0119%	1h	226.55	−0.062%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.77	+0.035%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	226.71	+0.009%	$710K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.084%	$73K	$139	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0236%	1h	226.59	−0.044%	$52K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0376%	1h	226.47	−0.097%	$627K	$838K	10x	as long as short