Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.027%

Price spread now: Arcus against HTX−0.013%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on HTX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.089%+$9 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.013%, 7d avg −0.070%

Together, before fees+0.080%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.057% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	226.42	0	get 0.0000% / 8h	59m 15s	$198K	$448K	30x
Short	Arcus NVDA-USD	226.39	0.0040	get 0.0005% / 1h	59m 15s	$399K	$732K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against HTX. 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 HTXbpFee ArcusbpOrdersPrice spread, now −0.013%Rate

Funding earned: $8.46
Price spread: −0.013% → −0.070%: $5.7
Slippage, 4 orders: −$22.4
Fee HTX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$24.74
Costs to cover: 0.389%
Break-even: 27.5 days

Slippage from HTX: live order book, 44 min ago; Arcus: live order book, 45 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 HTX live order book, 44 min ago	0.22 bp	7.9 bp −$8	8.1 bp −$81	16.7 bp −$1,669	doesn't fit
Sell Arcus live order book, 45 min ago	1.10 bp	10.9 bp −$11	15.4 bp −$154	doesn't fit	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
Bybit NVDAUSDT	0.0000%	8h	226.35	−0.031%	$12.4M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.31	−0.049%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.35	−0.031%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.47	+0.022%	$15.8M	$16.6M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.46	+0.018%	$21K	$421K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.92	−0.221%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	226.42	long leg	$198K	$448K	30x
Phemex NVDAUSDT	0.0000%	4h	226.55	+0.057%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0018%	1h	226.28	−0.061%	$117K	$51K	10x	as long as short
Aster NVDAUSDT	+0.0018%	8h	226.39	−0.013%	$482K	$530K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0036%	8h	226.42	−0.002%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USDshort	+0.0040%	1h	226.39	−0.013%	$399K	$732K	20x
Vest NVDA-USD-PERP	+0.0046%	1h	226.45	+0.013%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	226.24	−0.079%	$35K	—	20x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.24	−0.079%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.13	−0.128%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.38	−0.018%	$1.3M	$9.1M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0071%	1h	226.27	−0.066%	$147.0M	$43.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.20	−0.097%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.43	+0.004%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.21	−0.093%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.35	−0.031%	$36K	$21K	20x	as long as short
Binance NVDAUSDT	+0.0104%	8h	226.35	−0.031%	$154.3M	$218.5M	50x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.39	−0.015%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.30	−0.053%	$93K	$83K	20x	as long as short
Polymarket Perps NVDA-USD	+0.0111%	1h	226.35	−0.031%	$391K	$247K	10x	as long as short
Lighter NVDA	+0.0120%	1h	226.33	−0.039%	$2.1M	$3.2M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.29	−0.057%	$1.3M	$697K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0148%	1h	226.32	−0.044%	$53K	$1.8M	10x	as long as short
Nado NVDA-PERP	+0.0158%	1h	226.19	−0.100%	$480K	$223K	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	226.47	+0.022%	$5.1M	$6.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.94	+0.230%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0224%	8h	226.43	+0.004%	$712K	$195K	20x	as long as short
Extended NVDA_24_5-USD	+0.0368%	1h	226.14	−0.124%	$645K	$873K	10x	as long as short
edgeX NVDAUSDC	+0.0455%	4h	226.45	+0.014%	$170K	$1.9M	20x	as long as short