Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.044%

Price spread now: Lighter against HTX−0.037%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs+$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.291%+$29 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.037%, 7d avg +0.016%

Together, before fees+0.358%+ Points / potential airdropLighter: Season 3 · farm board+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.053% cheaper against HTX than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.016%). If the spread goes back, that is −$5 on $10k: about 2.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	226.60	0	get 0.0000% / 8h	1h 22m	$198K	$451K	30x
Short	Lighter NVDA	226.52	0.0080	get 0.0010% / 1h	22m 53s	$2.1M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.037%Rate

Funding earned: $16.8
Price spread: −0.037% → +0.016%: −$5.29
Slippage, 4 orders: −$8.13
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$8.62
Costs to cover: 0.201%
Break-even: 10.6 days

Slippage from HTX: live order book, 21 min ago; Lighter: live order book, 4 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, 21 min ago	0.22 bp	7.9 bp −$8	8.1 bp −$81	16.7 bp −$1,669	doesn't fit
Sell Lighter live order book, 4 min ago	0.46 bp	0.5 bp $0	1.1 bp −$11	7.0 bp −$702	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
Aster NVDAUSDT	0.0000%	8h	226.46	−0.060%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.54	−0.026%	$12.4M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.56	−0.018%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.54	−0.026%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.54	−0.026%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.48	−0.054%	$22K	$418K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.16	−0.194%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	226.60	long leg	$198K	$451K	30x
Phemex NVDAUSDT	0.0000%	4h	226.62	+0.009%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.27	−0.146%	$117K	$51K	10x	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	+0.0016%	8h	226.48	−0.055%	$3.4M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.41	−0.084%	$399K	$731K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.62	+0.009%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.44	−0.071%	$147.1M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.46	−0.062%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.40	−0.088%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.22	−0.168%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.51	−0.040%	$1.3M	$9.1M	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.44	−0.071%	$52K	$1.8M	10x	as long as short
Lighter NVDAshort	+0.0080%	1h	226.52	−0.037%	$2.1M	$3.3M	20x
Binance NVDAUSDT	+0.0083%	8h	226.59	−0.005%	$154.5M	$218.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.37	−0.103%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.46	−0.062%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.33	−0.119%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.48	−0.053%	$36K	$21K	20x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	226.38	−0.097%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.52	−0.034%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.32	−0.124%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.137%	$1.3M	$724K	10x	as long as short
Nado NVDA-PERP	+0.0119%	1h	226.40	−0.090%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.65	+0.022%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0203%	8h	226.53	−0.031%	$711K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.031%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0384%	1h	226.34	−0.115%	$623K	$833K	10x	as long as short
edgeX NVDAUSDC	+0.0723%	4h	226.45	−0.066%	$170K	$1.9M	20x	as long as short