Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against HTX−0.062%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 SoDEX

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—needs both histories

Funding pays, the price is against you. SoDEX is 0.062% cheaper against HTX than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.1 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	226.37	0	get 0.0000% / 8h	1h 41m	$198K	$453K	30x
Short	SoDEX NVDA-USD	226.23	0.0050	get 0.0006% / 1h	41m 19s	$59K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $10.5
Price spread: −0.062% → 0.000%: −$6.18
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$15.68
Costs to cover: 0.200%
Break-even: 17.5 days

Slippage unknown: HTX: live order book, 2 min ago; SoDEX: 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, 2 min ago	0.22 bp	7.9 bp −$8	8.1 bp −$81	16.7 bp −$1,669	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Bybit NVDAUSDT	0.0000%	8h	226.32	−0.022%	$12.4M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.32	−0.022%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.27	−0.044%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.35	−0.009%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.41	+0.018%	$21K	$423K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.98	−0.172%	$3K	$3.7M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	226.37	long leg	$198K	$453K	30x
Phemex NVDAUSDT	0.0000%	4h	226.67	+0.133%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	226.35	−0.007%	$482K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.32	−0.021%	$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	+0.0018%	8h	226.33	−0.020%	$3.6M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.30	−0.031%	$398K	$735K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.40	+0.013%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.19	−0.080%	$146.9M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.27	−0.044%	$398K	$279K	10x	as long as short
SoDEX NVDA-USDshort	+0.0050%	1h	226.23	−0.062%	$59K	$19K	10x
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.16	−0.093%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.33	−0.018%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0089%	8h	226.32	−0.024%	$154.3M	$219.2M	50x	as long as short
Lighter NVDA	+0.0096%	1h	226.29	−0.035%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.20	−0.076%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.36	−0.004%	$1.6M	$749K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.18	−0.084%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.27	−0.044%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.31	−0.027%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.20	−0.075%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.035%	$1.3M	$789K	10x	as long as short
Hotstuff NVDA-PERP	+0.0128%	1h	226.18	−0.084%	$35K	—	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0148%	1h	226.23	−0.062%	$52K	$1.8M	10x	as long as short
Nado NVDA-PERP	+0.0151%	1h	226.18	−0.084%	$480K	$226K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	226.42	+0.022%	$5.0M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0209%	8h	226.44	+0.031%	$716K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.01	+0.283%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USD	+0.0464%	1h	226.13	−0.106%	$667K	$762K	10x	as long as short
edgeX NVDAUSDC	+0.0544%	4h	226.32	−0.020%	$170K	$1.9M	20x	as long as short