Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.018%

Price spread now: Hotstuff against HTX−0.044%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Hotstuff

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Hotstuff is 0.044% cheaper against HTX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	227.77	0	get 0.0000% / 8h	7h 29m	$198K	$511K	30x
Short	Hotstuff NVDA-PERP	227.67	−0.0024	pay 0.0003% / 1h	29m 36s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$5.04
Price spread: −0.044% → 0.000%: −$4.39
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$26.43
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 44 min ago; Hotstuff: 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 HTX live order book, 44 min ago	0.22 bp	10.9 bp −$11	11.4 bp −$114	29.2 bp −$2,915	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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
Hotstuff NVDA-PERPshort	−0.0024%	1h	227.67	−0.044%	$35K	—	20x
Aster NVDAUSDT	0.0000%	8h	227.65	−0.050%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.84	+0.031%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.82	+0.022%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.77	0.000%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.79	+0.009%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.38	−0.171%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	227.77	long leg	$198K	$511K	30x
Phemex NVDAUSDT	0.0000%	4h	227.85	+0.035%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0014%	8h	227.77	+0.001%	$21K	$394K	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	227.51	−0.113%	$118K	$55K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.68	−0.040%	$525K	$473K	10x	as long as short
Bitget NVDAUSDT	+0.0038%	8h	227.88	+0.048%	$15.5M	$16.9M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.59	−0.079%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.82	+0.022%	$1.6M	$11.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.82	+0.022%	—	$74K	25x	as long as short
Binance NVDAUSDT	+0.0049%	8h	227.87	+0.044%	$156.5M	$217.4M	50x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.67	−0.044%	$147.8M	$46.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.71	−0.026%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.65	−0.053%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.55	−0.097%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.136%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0080%	1h	227.63	−0.062%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.78	+0.006%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.69	−0.035%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.123%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.76	−0.004%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.61	−0.070%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0127%	8h	227.72	−0.022%	$1.6M	$742K	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.84	+0.032%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.96	+0.083%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0166%	8h	227.82	+0.022%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.198%	$73K	$138	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0321%	1h	227.77	0.000%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0488%	4h	227.77	0.000%	$170K	$1.9M	20x	as long as short