Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0078%/8h= −8.6% APRpaid last 24h −0.053%

Price spread now: Hotstuff against Binance−0.075%7-day average — · you buy dearer than you sell

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

Long on Binance 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 −$2 a day on $10k at the current rate, and Hotstuff is 0.075% cheaper against Binance than usual: you would sell low and buy high (−$7 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	Binance NVDAUSDT	227.77	0.0086	pay 0.0086% / 8h	5h 55m	$156.3M	$215.2M	50x
Short	Hotstuff NVDA-PERP	227.60	0.0008	get 0.0001% / 1h	55m 29s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Binance. 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 BinancebpFee HotstuffbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$16.42
Price spread: −0.075% → 0.000%: −$7.46
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$38.89
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 3 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 Binance live order book, 3 min ago	0.22 bp	5.2 bp −$5	6.5 bp −$65	15.7 bp −$1,574	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 34 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	227.75	−0.009%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.75	−0.009%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.70	−0.031%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.81	+0.018%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.76	−0.005%	$20K	$386K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.29	−0.211%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.84	+0.031%	$198K	$481K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.78	+0.004%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0001%	8h	227.77	−0.002%	$484K	$590K	20x	as long as short
Hotstuff NVDA-PERPshort	+0.0008%	1h	227.60	−0.075%	$35K	—	20x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0014%	1h	227.55	−0.096%	$118K	$54K	10x	as long as short
Variational Omni NVDA	+0.0024%	8h	227.76	−0.006%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.74	−0.013%	$406K	$712K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.74	−0.013%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.81	+0.018%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.59	−0.079%	$148.1M	$44.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.68	−0.040%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.61	−0.070%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.59	−0.079%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.136%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDTlong	+0.0086%	8h	227.77	long leg	$156.3M	$215.2M	50x
Pacifica NVDA	+0.0100%	1h	227.60	−0.075%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	−0.088%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.72	−0.022%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.69	−0.035%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.64	−0.057%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0129%	8h	227.77	0.000%	$1.6M	$727K	20x	as long as short
Nado NVDA-PERP	+0.0159%	1h	227.58	−0.084%	$484K	$229K	20x	as long as short
Extended NVDA_24_5-USD	+0.0192%	1h	227.53	−0.103%	$689K	$714K	10x	as long as short
Lighter NVDA	+0.0208%	1h	227.72	−0.021%	$2.2M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.061%	$73K	$134	30x	as long as short
Lighter RH NVDA	+0.0240%	1h	227.86	+0.040%	$5.1M	$7.0M	20x	as long as short
edgeX NVDAUSDC	+0.0275%	4h	227.76	−0.003%	$170K	$1.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0365%	1h	227.69	−0.035%	$49K	$1.6M	10x	as long as short