Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.012%

Price spread now: GRVT against Aftermath Perps+0.099%7-day average +0.048% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on Aftermath Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now +0.099%, 7d avg +0.048%

Together, before fees+0.090%+ Points / potential airdropGRVT: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.052% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.048%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 16 days. Mind the row above: over the last 3 days funding on this pair paid +0.097%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NVDAUSD	227.20	0.0011	pay 0.0001% / 1h	35m 05s	$118K	$55K	10x
Short	GRVT NVDA_USDT_Perp	227.43	0	get 0.0000% / 8h	1h 35m	$20K	$441K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$2.29
Price spread: +0.099% → +0.048%: $5.17
Slippage, 4 orders: −$27.43
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$42.55
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 49 min ago; GRVT: live order book, 47 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, 49 min ago	9.12 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 47 min ago	1.10 bp	7.6 bp −$8	9.9 bp −$99	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
Aster NVDAUSDT	0.0000%	8h	227.49	+0.126%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.46	+0.113%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.46	+0.113%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.41	+0.091%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.43	+0.099%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perpshort	0.0000%	8h	227.43	+0.099%	$20K	$441K	10x
SunX NVDA-USDT	0.0000%	8h	227.06	−0.063%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	+0.091%	$202K	$522K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.139%	$2.2M	$41K	10x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.51	+0.135%	$156.2M	$220.8M	50x	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	+0.0011%	1h	227.20	long leg	$118K	$55K	10x
Bitget NVDAUSDT	+0.0019%	8h	227.53	+0.144%	$15.6M	$18.0M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.27	+0.027%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.45	+0.108%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.50	+0.130%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.29	+0.038%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	+0.078%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.32	+0.051%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.27	+0.029%	$1.6M	$2.1M	15x	as long as short
edgeX NVDAUSDC	+0.0055%	4h	227.46	+0.112%	$170K	$1.9M	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.25	+0.020%	$93K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0074%	1h	227.31	+0.048%	$484K	$227K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.46	+0.111%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.085%	$1.3M	$888K	10x	as long as short
BloFin NVDA-USDT	+0.0099%	8h	227.49	+0.126%	$714K	$205K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.30	+0.042%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.39	+0.082%	$1.6M	$752K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.22	+0.007%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.44	+0.104%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.59	+0.170%	$4.9M	$7.0M	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.47	+0.118%	$2.1M	$3.2M	20x	as long as short
Hotstuff NVDA-PERP	+0.0152%	1h	227.33	+0.055%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.179%	$73K	$136	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0234%	1h	227.39	+0.082%	$49K	$1.5M	10x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.36	+0.069%	$388K	$709K	20x	as long as short