Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.294%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$840.835% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.169%+$17 · spread now −0.294%, 7d avg −0.100%

Together, before fees+0.169%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.194% cheaper against HTX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	227.96	0	get 0.0000% / 8h	6h 16m	$198K	$494K	30x
Short	SunX NVDA-USDT	227.29	0	get 0.0000% / 8h	6h 16m	$2K	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.294%Rate

Funding earned: $0
Price spread: −0.294% → −0.100%: −$19.42
Slippage, 4 orders: −$63.5
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$102.92
Costs to cover: 0.835%
Break-even: never at this rate

Slippage from HTX: live order book, 52 min ago; SunX: live order book, 12 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, 52 min ago	0.22 bp	8.6 bp −$9	11.1 bp −$111	20.7 bp −$2,073	doesn't fit
Sell SunX live order book, 12 min ago	21.96 bp	26.0 bp −$26	55.7 bp −$557	doesn't fit	doesn't fit

NVDA on 34 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	227.81	−0.066%	$12.7M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.83	−0.057%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.74	−0.097%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.85	−0.048%	$15.4M	$16.4M	100x	as long as short
SunX NVDA-USDTshort	0.0000%	8h	227.29	−0.294%	$2K	$3.8M	20x
HTX NVDA-USDTlong	0.0000%	8h	227.96	long leg	$198K	$494K	30x
Phemex NVDAUSDT	0.0000%	4h	227.93	−0.013%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.79	−0.074%	$484K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.68	−0.123%	$118K	$54K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0020%	8h	227.82	−0.061%	$20K	$388K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0022%	8h	227.79	−0.073%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.68	−0.123%	$400K	$723K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.83	−0.057%	$1.4M	$9.9M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.95	−0.004%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.68	−0.123%	$148.1M	$44.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.80	−0.070%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.68	−0.123%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.67	−0.127%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	227.72	−0.105%	$35K	—	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0057%	1h	227.76	−0.088%	$49K	$1.5M	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.219%	$1.3M	$784K	10x	as long as short
Nado NVDA-PERP	+0.0081%	1h	227.72	−0.105%	$484K	$229K	20x	as long as short
Binance NVDAUSDT	+0.0085%	8h	227.82	−0.061%	$156.3M	$215.8M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.68	−0.121%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.69	−0.118%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.80	−0.070%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.80	−0.069%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.66	−0.132%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.81	−0.067%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.88	−0.035%	$1.6M	$736K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.93	−0.013%	$5.1M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0176%	1h	227.69	−0.121%	$689K	$714K	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.09	+0.057%	$73K	$138	30x	as long as short
edgeX NVDAUSDC	+0.0460%	4h	227.77	−0.084%	$170K	$1.9M	20x	as long as short