Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h +0.140%

Price spread now: edgeX against Hotstuff+0.039%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 edgeX

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 · edgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.039% dearer against Hotstuff than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NVDA-PERP	226.33	0.0104	pay 0.0013% / 1h	27m 34s	$35K	—	20x
Short	edgeX NVDAUSDC	226.42	0.0039	get 0.0020% / 4h	1h 27m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$13.57
Price spread: +0.039% → 0.000%: $3.93
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$23.64
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 1 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 edgeX live order book, 1 min ago	3.31 bp	8.1 bp −$8	13.2 bp −$132	doesn't fit	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	226.49	+0.069%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.45	+0.053%	$12.4M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.42	+0.040%	$14.1M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.41	+0.035%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.49	+0.071%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.34	+0.004%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.11	−0.097%	$2K	$3.6M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.41	+0.035%	$53K	$1.8M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.057%	$198K	$452K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.60	+0.119%	$2.2M	$42K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0016%	1h	226.19	−0.062%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0016%	8h	226.32	−0.006%	$3.5M	$2.2M	—	as long as short
edgeX NVDAUSDCshort	+0.0039%	4h	226.42	+0.039%	$170K	$1.9M	20x
Arcus NVDA-USD	+0.0040%	1h	226.35	+0.009%	$399K	$731K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.56	+0.102%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.29	−0.018%	$147.0M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.40	+0.031%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.33	0.000%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.08	−0.110%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.43	+0.044%	$1.3M	$9.1M	10x	as long as short
Lighter NVDA	+0.0080%	1h	226.41	+0.036%	$2.1M	$3.3M	20x	as long as short
Binance NVDAUSDT	+0.0084%	8h	226.49	+0.071%	$154.5M	$217.9M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.29	−0.020%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.39	+0.027%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.36	+0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.43	+0.044%	$36K	$21K	20x	as long as short
Hotstuff NVDA-PERPlong	+0.0104%	1h	226.33	long leg	$35K	—	20x
Aevo NVDA-PERP	+0.0104%	1h	226.46	+0.057%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.39	+0.027%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.018%	$1.3M	$732K	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.55	+0.097%	$5.0M	$7.0M	20x	as long as short
Nado NVDA-PERP	+0.0124%	1h	226.30	−0.011%	$481K	$224K	20x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	226.48	+0.066%	$715K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.150%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0424%	1h	226.25	−0.033%	$635K	$820K	10x	as long as short