Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.040%

Price spread now: HTX against Coinbase International+0.009%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.208%−$21 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now +0.009%, 7d avg +0.041%

Together, before fees−0.120%−$12 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 0.032% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	227.46	0.0080	pay 0.0010% / 1h	47m 05s	$1.3M	$804K	10x
Short	HTX NVDA-USDT	227.48	0	get 0.0000% / 8h	7h 47m	$197K	$515K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$16.8
Price spread: +0.009% → +0.041%: −$3.24
Slippage, 4 orders: −$19.92
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$61.96
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; HTX: live order book, 26 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 Coinbase International live order book, 1 min ago	3.29 bp	9.4 bp −$9	10.6 bp −$106	doesn't fit	doesn't fit
Sell HTX live order book, 26 min ago	0.22 bp	13.3 bp −$13	15.1 bp −$151	39.3 bp −$3,935	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
Aster NVDAUSDT	0.0000%	8h	227.61	+0.068%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.81	+0.154%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.79	+0.145%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.73	+0.119%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.71	+0.110%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.34	−0.053%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.48	+0.009%	$197K	$515K	30x
Phemex NVDAUSDT	0.0000%	4h	227.84	+0.167%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.65	+0.082%	$118K	$56K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0027%	8h	227.75	+0.129%	$20K	$396K	10x	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	227.62	+0.070%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0040%	8h	227.81	+0.155%	$156.5M	$218.6M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.60	+0.062%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.76	+0.132%	$1.6M	$11.4M	10x	as long as short
Bitget NVDAUSDT	+0.0044%	8h	227.83	+0.163%	$15.5M	$17.0M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.87	+0.180%	—	$74K	25x	as long as short
edgeX NVDAUSDC	+0.0046%	4h	227.80	+0.149%	$171K	$1.9M	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.65	+0.084%	$148.1M	$46.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.73	+0.119%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.66	+0.088%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.61	+0.066%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0065%	1h	227.67	+0.091%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0080%	1h	227.46	long leg	$1.3M	$804K	10x
Aevo NVDA-PERP	+0.0088%	1h	227.77	+0.137%	—	—	10x	as long as short
Hotstuff NVDA-PERP	+0.0096%	1h	227.66	+0.088%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.64	+0.079%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.58	+0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.76	+0.132%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.64	+0.079%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0121%	8h	227.75	+0.127%	$1.6M	$743K	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.80	+0.148%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.91	+0.198%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0160%	8h	227.84	+0.167%	$716K	$207K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0189%	1h	227.73	+0.119%	$49K	$1.4M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.189%	$73K	$135	30x	as long as short