Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: HTX against OKX+0.018%54s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.306% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$13 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.018%, 7d avg −0.018%

Together, before fees−0.328%−$33 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.036% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	226.27	0	get 0.0000% / 8h	7h 34m	$14.1M	$20.3M	50x
Short	HTX NVDA-USDT	226.31	0	get 0.0000% / 8h	7h 34m	$198K	$437K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → −0.018%: $3.59
Slippage, 4 orders: −$8.61
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$27.03
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; HTX: live order book, 64 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 OKX live order book, 4 min ago	0.22 bp	5.4 bp −$5	6.7 bp −$67	15.9 bp −$1,590	doesn't fit
Sell HTX live order book, 64 min ago	0.22 bp	11.6 bp −$12	13.2 bp −$132	16.8 bp −$1,679	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
Bybit NVDAUSDT	0.0000%	8h	226.14	−0.057%	$12.5M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	226.27	long leg	$14.1M	$20.3M	50x
Gate NVDA_USDT	0.0000%	8h	226.06	−0.093%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.23	−0.018%	$15.8M	$16.1M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.29	+0.009%	$21K	$428K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.78	−0.217%	$2K	$3.5M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	226.31	+0.018%	$198K	$437K	30x
Phemex NVDAUSDT	0.0000%	4h	226.44	+0.075%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	226.06	−0.093%	$117K	$51K	10x	as long as short
Lighter NVDA	+0.0032%	1h	226.08	−0.085%	$2.1M	$3.2M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	225.95	−0.141%	$643K	$873K	10x	as long as short
Lighter RH NVDA	+0.0040%	1h	226.23	−0.018%	$5.1M	$7.0M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.08	−0.084%	$392K	$736K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.25	−0.009%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	225.96	−0.137%	$146.7M	$43.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	225.96	−0.137%	$390K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	225.98	−0.128%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.03	−0.106%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0059%	1h	226.01	−0.115%	$480K	$222K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0060%	1h	226.12	−0.066%	$53K	$1.9M	10x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	226.09	−0.080%	$35K	—	20x	as long as short
Aster NVDAUSDT	+0.0071%	8h	226.13	−0.063%	$481K	$544K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.11	−0.071%	$1.3M	$9.1M	10x	as long as short
edgeX NVDAUSDC	+0.0081%	4h	226.27	+0.002%	$171K	$1.9M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	225.98	−0.128%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.13	−0.062%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.14	−0.057%	$36K	$20K	20x	as long as short
Variational Omni NVDA	+0.0100%	8h	226.16	−0.050%	$3.2M	$2.5M	—	as long as short
KuCoin NVDAUSDTM	+0.0104%	8h	226.15	−0.053%	$1.6M	$949K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.19	−0.037%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.29	+0.009%	$1.3M	$687K	10x	as long as short
Binance NVDAUSDT	+0.0156%	8h	226.19	−0.037%	$154.9M	$220.7M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.13	−0.062%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.119%	$73K	$137	30x	as long as short
BloFin NVDA-USDT	+0.0276%	8h	226.18	−0.040%	$715K	$198K	20x	as long as short