Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against Ondo Perps−0.066%7-day average +0.078% · you buy dearer than you sell

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

Long on Ondo Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.066%, 7d avg +0.078%

Together, before fees+0.005%+ Points / potential airdropOndo Perps: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.145% cheaper against Ondo Perps than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.078%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NVDA-USD.P	226.62	0.0050	pay 0.0006% / 1h	10m 08s	$1.6M	$2.0M	15x
Short	HTX NVDA-USDT	226.47	0	get 0.0000% / 8h	2h 10m	$198K	$457K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Ondo Perps. 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 Ondo PerpsbpFee HTXbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$10.58
Price spread: −0.066% → +0.078%: −$14.46
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$42.05
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 38 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, 38 min ago	0.66 bp	11.3 bp −$11	11.9 bp −$119	37.2 bp −$3,723	doesn't fit

Ondo Perps: 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	226.64	+0.010%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.76	+0.062%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.74	+0.053%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.75	+0.057%	$7.3M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.74	+0.053%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.59	−0.011%	$21K	$417K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.49	−0.057%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	226.47	−0.066%	$198K	$457K	30x
Phemex NVDAUSDT	0.0000%	4h	226.80	+0.079%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0009%	8h	226.81	+0.082%	$3.6M	$2.1M	—	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	+0.0011%	1h	226.49	−0.058%	$117K	$52K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.66	+0.018%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.67	+0.022%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.87	+0.110%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.64	+0.009%	$147.3M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.66	+0.018%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.65	+0.013%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Plong	+0.0050%	1h	226.62	long leg	$1.6M	$2.0M	15x
Hotstuff NVDA-PERP	+0.0064%	1h	226.62	0.000%	$35K	—	20x	as long as short
Lighter NVDA	+0.0072%	1h	226.75	+0.056%	$2.1M	$3.4M	20x	as long as short
Binance NVDAUSDT	+0.0082%	8h	226.78	+0.069%	$154.6M	$218.9M	50x	as long as short
Nado NVDA-PERP	+0.0083%	1h	226.62	+0.001%	$482K	$227K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.58	−0.017%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.66	+0.018%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.57	−0.022%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.71	+0.040%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.66	+0.018%	$52K	$1.8M	10x	as long as short
Lighter RH NVDA	+0.0104%	1h	226.87	+0.110%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.74	+0.052%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.58	−0.018%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.146%	$1.3M	$789K	10x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	226.85	+0.101%	$713K	$193K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.115%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USD	+0.0368%	1h	226.58	−0.018%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0922%	4h	226.70	+0.035%	$170K	$1.9M	20x	as long as short