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 −0.015%

Price spread now: HTX against SoDEX+0.079%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on HTX

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

The price spread pays, funding is against you. HTX is 0.079% dearer against SoDEX than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NVDA-USD	227.46	0.0050	pay 0.0006% / 1h	7m 42s	$58K	$19K	10x
Short	HTX NVDA-USDT	227.64	0	get 0.0000% / 8h	4h 07m	$198K	$468K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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 SoDEXbpFee HTXbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$10.5
Price spread: +0.079% → 0.000%: $7.91
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.59
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; HTX: live order book, 51 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell HTX live order book, 51 min ago	0.22 bp	10.6 bp −$11	12.7 bp −$127	22.7 bp −$2,272	doesn't fit

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	227.59	+0.057%	$12.7M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.57	+0.048%	$14.4M	$20.4M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.47	+0.004%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.53	+0.031%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.62	+0.070%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.21	−0.110%	$3K	$3.7M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.64	+0.079%	$198K	$468K	30x
Phemex NVDAUSDT	0.0000%	4h	227.60	+0.062%	$2.2M	$43K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0013%	8h	227.60	+0.062%	$20K	$391K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.47	+0.003%	$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	+0.070%	$483K	$590K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.52	+0.026%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.70	+0.106%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.47	+0.004%	$147.8M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.55	+0.040%	$401K	$276K	10x	as long as short
SoDEX NVDA-USDlong	+0.0050%	1h	227.46	long leg	$58K	$19K	10x
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.33	−0.057%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.55	+0.040%	$1.3M	$9.2M	10x	as long as short
Variational Omni NVDA	+0.0061%	8h	227.56	+0.045%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0069%	1h	227.47	+0.005%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0072%	1h	227.57	+0.048%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.46	−0.001%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.45	−0.004%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.57	+0.048%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.51	+0.022%	$49K	$1.6M	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	+0.031%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.58	+0.053%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0115%	8h	227.61	+0.066%	$156.2M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.63	+0.075%	$1.6M	$723K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.52	+0.026%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.72	+0.114%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.198%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0235%	8h	227.60	+0.062%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0328%	1h	227.45	−0.004%	$673K	$754K	10x	as long as short
edgeX NVDAUSDC	+0.0644%	4h	227.56	+0.045%	$171K	$1.9M	20x	as long as short