Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0026%/8hnext payment −$0.03 per $10,000 · paid last 24h +0.025%

Price spread now: Vest against Hotstuff+0.159%55s7-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 Vest

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 · Vest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Vest is 0.159% dearer against Hotstuff than usual: you sell high and buy low (spread +0.159% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NVDA-PERP	227.05	0.0072	pay 0.0009% / 1h	4m 32s	$35K	—	20x
Short	Vest NVDA-USD-PERP	227.41	0.0046	get 0.0006% / 1h	4m 32s	—	$73K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.159%Rate

Funding earned: −$5.53
Price spread: +0.159% → 0.000%: $15.86
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Vest: 1 bp × 2 orders: −$2
Net: $3.33
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Vest: 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Hotstuff and Vest: 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
Bybit NVDAUSDT	0.0000%	8h	227.13	+0.035%	$12.9M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.14	+0.040%	$14.4M	$20.8M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.09	+0.018%	$7.2M	$9.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.42	+0.163%	$20K	$482K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.84	−0.092%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.59	+0.238%	$197K	$435K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.34	+0.128%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0002%	8h	227.45	+0.178%	$3.3M	$2.1M	—	as long as short
Aster NVDAUSDT	+0.0018%	8h	227.24	+0.083%	$509K	$494K	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.01	−0.016%	$530K	$341K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.16	+0.048%	$412K	$653K	20x	as long as short
Vest NVDA-USD-PERPshort	+0.0046%	1h	227.41	+0.159%	—	$73K	25x
QFEX NVDA-USD	+0.0050%	1h	227.12	+0.031%	$1.5M	$11.1M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.15	+0.044%	$147.3M	$48.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.20	+0.066%	$396K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.14	+0.040%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.96	−0.040%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.19	+0.062%	$49K	$1.4M	10x	as long as short
Hotstuff NVDA-PERPlong	+0.0072%	1h	227.05	long leg	$35K	—	20x
Binance NVDAUSDT	+0.0074%	8h	227.19	+0.060%	$156.3M	$211.8M	50x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.23	+0.078%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.10	+0.024%	$298K	$52K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.28	+0.101%	$1.6M	$722K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.32	+0.119%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.23	+0.079%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	227.39	+0.150%	$4.8M	$6.9M	20x	as long as short
Nado NVDA-PERP	+0.0105%	1h	227.18	+0.059%	$479K	$216K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.38	+0.145%	$1.3M	$833K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0155%	1h	227.31	+0.117%	$118K	$54K	10x	as long as short
Bitget NVDAUSDT	+0.0173%	8h	227.17	+0.053%	$15.7M	$17.8M	100x	as long as short
Lighter NVDA	+0.0176%	1h	227.26	+0.091%	$2.0M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0194%	8h	227.30	+0.110%	$724K	$200K	20x	as long as short
Phoenix NVDA	+0.0211%	1h	227.37	+0.141%	$93K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.88	+0.366%	$73K	$128	30x	as long as short
edgeX NVDAUSDC	+0.0485%	4h	227.45	+0.175%	$165K	$1.8M	20x	as long as short