Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%

Price spread now: tradeXYZ against HTX−0.075%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

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

costs, in and out, $10k−$390.386% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.075%, 7d avg −0.040%

Together, before fees+0.258%+ Points / potential airdroptradeXYZ: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.035% cheaper against HTX than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.040%). If the spread goes back, that is −$3 on $10k: about 2.3 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	227.64	0	get 0.0000% / 8h	4h 07m	$198K	$468K	30x
Short	tradeXYZ xyz:NVDA	227.47	0.0050	get 0.0006% / 1h	7m 33s	$147.8M	$43.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.075%Rate

Funding earned: $10.5
Price spread: −0.075% → −0.040%: −$3.47
Slippage, 4 orders: −$8.65
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$31.62
Costs to cover: 0.386%
Break-even: 28.1 days

Slippage from HTX: live order book, 51 min ago; tradeXYZ: live order book, 11 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, 51 min ago	0.22 bp	9.0 bp −$9	9.9 bp −$99	20.1 bp −$2,011	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.22 bp	9.8 bp −$10	11.2 bp −$112	doesn't fit	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
Bybit NVDAUSDT	0.0000%	8h	227.59	−0.022%	$12.7M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.57	−0.031%	$14.4M	$20.4M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.47	−0.075%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.53	−0.048%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.63	−0.004%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.21	−0.189%	$3K	$3.7M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	227.64	long leg	$198K	$468K	30x
Phemex NVDAUSDT	0.0000%	4h	227.60	−0.018%	$2.2M	$43K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0013%	8h	227.60	−0.017%	$20K	$391K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.47	−0.076%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0030%	8h	227.62	−0.008%	$483K	$590K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.51	−0.057%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.72	+0.035%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	227.47	−0.075%	$147.8M	$43.4M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	−0.035%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.46	−0.079%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.33	−0.136%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.54	−0.044%	$1.3M	$9.2M	10x	as long as short
Variational Omni NVDA	+0.0061%	8h	227.56	−0.034%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0069%	1h	227.47	−0.073%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0072%	1h	227.57	−0.031%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.46	−0.080%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.45	−0.083%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.57	−0.031%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.51	−0.057%	$49K	$1.6M	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.048%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.58	−0.026%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0115%	8h	227.61	−0.013%	$156.2M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.63	−0.004%	$1.6M	$723K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.52	−0.053%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.72	+0.035%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.119%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0235%	8h	227.60	−0.018%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0328%	1h	227.43	−0.094%	$673K	$754K	10x	as long as short
edgeX NVDAUSDC	+0.0644%	4h	227.56	−0.034%	$171K	$1.9M	20x	as long as short