Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Phemex−0.026%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$750.755% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.026%, 7d avg −0.041%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NVDAUSDT	226.93	0	get 0.0000% / 4h	3h 04m	$2.2M	$43K	10x
Short	HTX NVDA-USDT	226.87	0	get 0.0000% / 8h	3h 04m	$198K	$465K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.041%: $1.46
Slippage, 4 orders: −$51.48
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$74.02
Costs to cover: 0.755%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; HTX: live order book, 49 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 Phemex live order book, 4 min ago	0.88 bp	31.6 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 49 min ago	0.22 bp	11.5 bp −$12	12.3 bp −$123	23.4 bp −$2,335	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	226.81	−0.053%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.82	−0.048%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.77	−0.071%	$7.3M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.86	−0.031%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.75	−0.080%	$21K	$404K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.43	−0.220%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	226.87	−0.026%	$198K	$465K	30x
Phemex NVDAUSDTlong	0.0000%	4h	226.93	long leg	$2.2M	$43K	10x
Aster NVDAUSDT	0.0000%	8h	226.84	−0.039%	$483K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	226.64	−0.126%	$117K	$53K	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	+0.0019%	8h	226.82	−0.051%	$3.6M	$2.1M	—	as long as short
edgeX NVDAUSDC	+0.0028%	4h	226.82	−0.050%	$170K	$1.9M	20x	as long as short
Lighter NVDA	+0.0032%	1h	226.81	−0.055%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.72	−0.093%	$398K	$733K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.80	−0.057%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.92	−0.004%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.69	−0.106%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.77	−0.071%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.65	−0.123%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	−0.163%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0061%	1h	226.72	−0.093%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0087%	8h	226.84	−0.040%	$155.3M	$216.8M	50x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	226.66	−0.119%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.73	−0.087%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.83	−0.044%	$1.6M	$732K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.56	−0.163%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.79	−0.062%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.74	−0.084%	$49K	$1.7M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.82	−0.047%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.97	+0.018%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.66	−0.119%	$1.3M	$781K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	226.71	−0.097%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	226.81	−0.053%	$717K	$190K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.084%	$73K	$140	30x	as long as short
Extended NVDA_24_5-USD	+0.0224%	1h	226.68	−0.110%	$670K	$765K	10x	as long as short