Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h +0.038%

Price spread now: Binance against Hotstuff+0.053%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.053% dearer against Hotstuff than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NVDA-PERP	227.33	0.0008	pay 0.0001% / 1h	8m 09s	$35K	—	20x
Short	Binance NVDAUSDT	227.45	0.0025	get 0.0025% / 8h	1h 08m	$156.3M	$220.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hotstuff. 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 HotstuffbpFee BinancebpOrdersPrice spread, now +0.053%Rate

Funding earned: $3.52
Price spread: +0.053% → 0.000%: $5.28
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6.2
Costs to cover: 0.150%
Break-even: 19.3 days

Slippage unknown: Hotstuff: no order-book sample; Binance: live order book, 5 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	0.22 bp	5.2 bp −$5	6.4 bp −$64	17.9 bp −$1,793	doesn't fit

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 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	227.42	+0.040%	$474K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.45	+0.053%	$12.7M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.41	+0.035%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.36	+0.013%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.41	+0.037%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.49	+0.070%	$20K	$432K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.95	−0.167%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.47	+0.062%	$198K	$527K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.48	+0.066%	$2.2M	$41K	10x	as long as short
Hotstuff NVDA-PERPlong	+0.0008%	1h	227.33	long leg	$35K	—	20x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0022%	1h	227.46	+0.057%	$118K	$55K	10x	as long as short
Binance NVDAUSDTshort	+0.0025%	8h	227.45	+0.053%	$156.3M	$220.8M	50x
Bitget NVDAUSDT	+0.0031%	8h	227.45	+0.053%	$15.6M	$17.7M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.24	−0.039%	$536K	$446K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.44	+0.048%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.49	+0.070%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.28	−0.022%	$147.3M	$48.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.33	0.000%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.29	−0.018%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.22	−0.048%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.35	+0.009%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.43	+0.046%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.141%	$1.3M	$863K	10x	as long as short
BloFin NVDA-USDT	+0.0098%	8h	227.47	+0.062%	$715K	$204K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	−0.009%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.49	+0.070%	$1.6M	$747K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.013%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.40	+0.031%	$36K	$22K	20x	as long as short
edgeX NVDAUSDC	+0.0100%	4h	227.42	+0.038%	$170K	$1.9M	20x	as long as short
Nado NVDA-PERP	+0.0102%	1h	227.29	−0.018%	$483K	$227K	20x	as long as short
Lighter RH NVDA	+0.0176%	1h	227.58	+0.110%	$5.1M	$7.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.35	+0.009%	$49K	$1.4M	10x	as long as short
Lighter NVDA	+0.0192%	1h	227.47	+0.060%	$2.1M	$3.3M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.80	+0.207%	$73K	$139	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.29	−0.018%	$400K	$723K	20x	as long as short