Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0012%/8h= −1.4% APRpaid last 24h −0.017%

Price spread now: HTX against Aftermath Perps+0.077%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Aftermath Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.077%, 7d avg +0.035%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.042% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of +0.035%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 3 days funding on this pair paid +0.096%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NVDAUSD	226.70	0.0012	pay 0.0002% / 1h	6m 51s	$117K	$52K	10x
Short	HTX NVDA-USDT	226.87	0	get 0.0000% / 8h	3h 06m	$198K	$465K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aftermath 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 Aftermath PerpsbpFee HTXbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$2.6
Price spread: +0.077% → +0.035%: $4.2
Slippage, 4 orders: −$23.89
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$43.29
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 47 min ago; HTX: live order book, 47 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 Aftermath Perps live order book, 47 min ago	4.57 bp	14.0 bp −$14	21.9 bp −$219	doesn't fit	doesn't fit
Sell HTX live order book, 47 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	226.73	+0.015%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.77	+0.033%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.71	+0.006%	$7.3M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.76	+0.028%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.86	+0.072%	$21K	$403K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.40	−0.130%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	226.87	+0.077%	$198K	$465K	30x
Phemex NVDAUSDT	0.0000%	4h	226.89	+0.086%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0001%	8h	226.75	+0.024%	$483K	$571K	20x	as long as short
Aftermath Perps NVDAUSDlong	+0.0012%	1h	226.70	long leg	$117K	$52K	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0022%	8h	226.80	+0.047%	$3.6M	$2.2M	—	as long as short
edgeX NVDAUSDC	+0.0028%	4h	226.82	+0.054%	$170K	$1.9M	20x	as long as short
Lighter NVDA	+0.0040%	1h	226.67	−0.010%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.74	+0.020%	$398K	$733K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.73	+0.015%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.83	+0.059%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.55	−0.064%	$147.2M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.67	−0.011%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.60	−0.042%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	−0.060%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	226.61	−0.038%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0060%	1h	226.64	−0.025%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0087%	8h	226.78	+0.039%	$155.2M	$216.8M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.66	−0.016%	$297K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.72	+0.011%	$1.6M	$731K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.70	+0.002%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.68	−0.007%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.72	+0.009%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.83	+0.059%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.66	−0.016%	$1.3M	$781K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	226.72	+0.011%	$93K	$112K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0191%	1h	226.67	−0.011%	$49K	$1.7M	10x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	226.78	+0.037%	$718K	$190K	20x	as long as short
Extended NVDA_24_5-USD	+0.0208%	1h	226.53	−0.071%	$670K	$765K	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.32	+0.275%	$73K	$139	30x	as long as short