Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against HTX−0.121%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 4 days (all we have)+0.165%+$17 · spread now −0.121%, 7d avg −0.038%

Together, before fees+0.345%+ Points / potential airdropPacifica: Active · farm board+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.083% cheaper against HTX than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.038%). If the spread goes back, that is −$8 on $10k: about 2.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	227.46	0	get 0.0000% / 8h	5h 56m	$199K	$400K	30x
Short	Pacifica NVDA	227.19	0.0100	get 0.0013% / 1h	56m 38s	$298K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.121%Rate

Funding earned: $21
Price spread: −0.121% → −0.038%: −$8.33
Slippage, 4 orders: −$13.23
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$20.56
Costs to cover: 0.332%
Break-even: 13.9 days

Slippage from HTX: live order book, 54 min ago; Pacifica: live order book, 54 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, 54 min ago	0.22 bp	6.6 bp −$7	7.2 bp −$72	18.5 bp −$1,847	doesn't fit
Sell Pacifica live order book, 54 min ago	1.99 bp	6.4 bp −$6	doesn't fit	doesn't fit	doesn't fit

NVDA on 35 exchanges

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-PERP	−0.1600%	1h	225.99	−0.646%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.38	−0.035%	$12.8M	$15.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.39	−0.031%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.31	−0.066%	$7.2M	$9.1M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.45	−0.004%	$15.6M	$16.1M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.93	−0.233%	$3K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.22	−0.106%	$17K	$1.9M	10x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	227.46	long leg	$199K	$400K	30x
Phemex NVDAUSDT	0.0000%	4h	227.42	−0.018%	$2.2M	$41K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0012%	8h	227.39	−0.032%	$20K	$432K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0012%	1h	227.23	−0.099%	$118K	$52K	10x	as long as short
Lighter NVDA	+0.0032%	1h	227.29	−0.073%	$2.1M	$3.1M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.17	−0.125%	$613K	$940K	10x	as long as short
Aster NVDAUSDT	+0.0037%	8h	227.25	−0.092%	$483K	$566K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.31	−0.066%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.52	+0.026%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.25	−0.092%	$148.5M	$45.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.25	−0.092%	$393K	$241K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.22	−0.106%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.08	−0.167%	$1.5M	$1.9M	15x	as long as short
Lighter RH NVDA	+0.0056%	1h	227.45	−0.004%	$5.1M	$7.1M	20x	as long as short
Nado NVDA-PERP	+0.0080%	1h	227.26	−0.088%	$478K	$210K	20x	as long as short
Pacifica NVDAshort	+0.0100%	1h	227.19	−0.121%	$298K	$50K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.22	−0.106%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.30	−0.070%	$36K	$19K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.26	−0.088%	$93K	$82K	20x	as long as short
Variational Omni NVDA	+0.0108%	8h	227.26	−0.087%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	227.34	−0.051%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0129%	8h	227.30	−0.070%	$1.6M	$1.3M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.45	−0.444%	$1.3M	$657K	10x	as long as short
Binance NVDAUSDT	+0.0162%	8h	227.38	−0.034%	$156.0M	$224.7M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.53	+0.031%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0282%	8h	227.40	−0.026%	$726K	$203K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.31	−0.066%	$384K	$704K	20x	as long as short
edgeX NVDAUSDC	+0.0602%	4h	227.24	−0.098%	$171K	$1.9M	20x	as long as short