Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%

Price spread now: HTX against tradeXYZ+0.167%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 4 days (all we have)−0.293%−$29 · spread now +0.167%, 7d avg +0.040%

Together, before fees−0.441%+ Points / potential airdroptradeXYZ: Active · farm board−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.127% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of +0.040%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NVDA	227.38	0.0050	pay 0.0006% / 1h	23m 22s	$147.9M	$44.1M	20x
Short	HTX NVDA-USDT	227.76	0	get 0.0000% / 8h	5h 23m	$198K	$477K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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 tradeXYZbpFee HTXbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$10.5
Price spread: +0.167% → +0.040%: $12.75
Slippage, 4 orders: −$6.2
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$33.95
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; HTX: live order book, 40 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 tradeXYZ live order book, 5 min ago	0.22 bp	9.5 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell HTX live order book, 40 min ago	0.22 bp	10.1 bp −$10	11.2 bp −$112	21.0 bp −$2,103	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	227.53	+0.066%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.50	+0.053%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.45	+0.031%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.55	+0.075%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.02	−0.158%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDTshort	0.0000%	8h	227.76	+0.167%	$198K	$477K	30x
Phemex NVDAUSDT	0.0000%	4h	227.61	+0.101%	$2.2M	$43K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0006%	8h	227.62	+0.104%	$20K	$384K	10x	as long as short
Aster NVDAUSDT	+0.0014%	8h	227.56	+0.081%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.52	+0.060%	$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
Variational Omni NVDA	+0.0040%	8h	227.53	+0.065%	$3.5M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.51	+0.057%	$406K	$745K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.54	+0.070%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.63	+0.110%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAlong	+0.0050%	1h	227.38	long leg	$147.9M	$44.1M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.53	+0.066%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.38	0.000%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.035%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	+0.066%	$1.3M	$777K	10x	as long as short
Binance NVDAUSDT	+0.0099%	8h	227.55	+0.074%	$156.1M	$215.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.42	+0.016%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.40	+0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	+0.053%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.45	+0.031%	$49K	$1.6M	10x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	227.37	−0.004%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.52	+0.060%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.48	+0.044%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0125%	1h	227.41	+0.012%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0135%	8h	227.58	+0.088%	$1.6M	$724K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.53	+0.064%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.65	+0.119%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0219%	8h	227.56	+0.079%	$723K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.369%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0368%	1h	227.35	−0.013%	$689K	$724K	10x	as long as short
edgeX NVDAUSDC	+0.0827%	4h	227.51	+0.059%	$170K	$1.9M	20x	as long as short