Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.038%

Price spread now: Lighter RH against HTX+0.062%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$22 on $10k

Price spread, last 3 days (all we have)+0.034%+$3 · spread now +0.062%, 7d avg +0.075%

Together, before fees+0.259%+ Points / potential airdropLighter RH: Points live · farm board+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	227.48	0	get 0.0000% / 8h	38m 28s	$198K	$523K	30x
Short	Lighter RH NVDA	227.62	0.0240	get 0.0030% / 1h	38m 28s	$5.1M	$7.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.062%Rate

Funding earned: $50.4
Price spread: +0.062% → +0.075%: −$1.3
Slippage, 4 orders: −$14.45
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $22.66
Costs to cover: 0.264%
Break-even: 3.9 days

Slippage from HTX: live order book, 40 min ago; Lighter RH: live order book, 5 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, 40 min ago	0.22 bp	13.1 bp −$13	14.4 bp −$144	37.0 bp −$3,696	doesn't fit
Sell Lighter RH live order book, 5 min ago	0.66 bp	2.0 bp −$2	3.4 bp −$34	26.5 bp −$2,652	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	227.42	−0.026%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.48	0.000%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.45	−0.013%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.37	−0.048%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.50	+0.007%	$3.6M	$2.1M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.53	+0.022%	$20K	$416K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.01	−0.207%	$3K	$3.9M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	227.48	long leg	$198K	$523K	30x
Phemex NVDAUSDT	0.0000%	4h	227.62	+0.062%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0030%	1h	227.45	−0.013%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0044%	8h	227.48	0.000%	$15.5M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.57	+0.040%	—	$74K	25x	as long as short
Binance NVDAUSDT	+0.0046%	8h	227.49	+0.006%	$156.3M	$220.1M	50x	as long as short
Extended NVDA_24_5-USD	+0.0048%	1h	227.33	−0.066%	$536K	$446K	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.34	−0.062%	$147.4M	$48.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.36	−0.053%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.38	−0.044%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.32	−0.070%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.50	+0.009%	$1.6M	$11.4M	10x	as long as short
Nado NVDA-PERP	+0.0081%	1h	227.31	−0.073%	$484K	$229K	20x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	227.34	−0.062%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.50	+0.011%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.207%	$1.3M	$861K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.32	−0.070%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.013%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	+0.009%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.38	−0.044%	$93K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.33	−0.066%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0166%	8h	227.49	+0.004%	$716K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.72	+0.106%	$73K	$136	30x	as long as short
Lighter RH NVDAshort	+0.0240%	1h	227.62	+0.062%	$5.1M	$7.2M	20x
Lighter NVDA	+0.0248%	1h	227.51	+0.014%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0322%	1h	227.48	0.000%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0349%	4h	227.49	+0.003%	$170K	$1.9M	20x	as long as short