Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.8% APRpaid last 24h +0.017%

Price spread now: Binance against Aftermath Perps−0.006%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Aftermath Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.126%+$13 on $10k

Price spread, last 2 days (all we have)+0.144%+$14 · spread now −0.006%, 7d avg +0.063%

Together, before fees+0.270%+$27 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: Binance is 0.070% cheaper against Aftermath Perps than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NVDAUSD	227.46	0.0027	pay 0.0003% / 1h	54m 15s	$118K	$55K	10x
Short	Binance NVDAUSDT	227.45	0.0035	get 0.0035% / 8h	54m 15s	$156.3M	$220.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aftermath Perps. 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 Aftermath PerpsbpFee BinancebpOrdersPrice spread, now −0.006%Rate

Funding earned: $1.58
Price spread: −0.006% → +0.063%: −$6.98
Slippage, 4 orders: −$18.73
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$43.13
Costs to cover: 0.377%
Break-even: 198.4 days

Slippage from Aftermath Perps: live order book, 25 min ago; Binance: live order book, 4 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 Aftermath Perps live order book, 25 min ago	3.37 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.22 bp	5.2 bp −$5	6.3 bp −$63	18.9 bp −$1,893	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
Aster NVDAUSDT	0.0000%	8h	227.42	−0.020%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.46	−0.002%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.40	−0.028%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.37	−0.042%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.41	−0.022%	$3.5M	$2.0M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.48	+0.007%	$20K	$426K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.92	−0.239%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.007%	$198K	$525K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.47	+0.002%	$2.2M	$41K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	227.29	−0.077%	$35K	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSDlong	+0.0027%	1h	227.46	long leg	$118K	$55K	10x
Extended NVDA_24_5-USD	+0.0032%	1h	227.24	−0.099%	$536K	$446K	10x	as long as short
Binance NVDAUSDTshort	+0.0035%	8h	227.45	−0.006%	$156.3M	$220.1M	50x
Bitget NVDAUSDT	+0.0039%	8h	227.46	−0.002%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.49	+0.011%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.28	−0.081%	$147.3M	$48.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.32	−0.064%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.28	−0.081%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.25	−0.094%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.42	−0.020%	$1.6M	$11.4M	10x	as long as short
Phoenix NVDA	+0.0070%	1h	227.34	−0.055%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.43	−0.016%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.200%	$1.3M	$862K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	−0.068%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.49	+0.011%	$1.6M	$746K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.072%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.41	−0.024%	$36K	$22K	20x	as long as short
Nado NVDA-PERP	+0.0105%	1h	227.28	−0.080%	$483K	$227K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.31	−0.068%	$400K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0130%	8h	227.48	+0.007%	$672K	$204K	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.57	+0.046%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.73	+0.117%	$73K	$135	30x	as long as short
Lighter NVDA	+0.0240%	1h	227.45	−0.006%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0410%	1h	227.40	−0.028%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0844%	4h	227.41	−0.022%	$170K	$1.9M	20x	as long as short