Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0089%/8h= +9.8% APRpaid last 24h +0.018%

Price spread now: Orderly against Aftermath Perps+0.095%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Orderly

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.095% dearer against Aftermath Perps than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NVDAUSD	227.24	0.0011	pay 0.0001% / 1h	32m 51s	$118K	$55K	10x
Short	Orderly PERP_NVDA_USDC	227.46	0.0100	get 0.0100% / 8h	1h 32m	$36K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.095%Rate

Funding earned: $18.73
Price spread: +0.095% → 0.000%: $9.49
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $13.22
Costs to cover: 0.150%
Break-even: 2.1 days

Slippage unknown: Aftermath Perps: live order book, 51 min ago; Orderly: no order-book sample. 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 Aftermath Perps live order book, 51 min ago	9.12 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Hotstuff NVDA-PERP	−0.0040%	1h	227.31	+0.029%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.49	+0.108%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.46	+0.095%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	+0.099%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.41	+0.073%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.43	+0.081%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.46	+0.097%	$20K	$441K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.04	−0.090%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	+0.073%	$202K	$522K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.121%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0004%	8h	227.49	+0.110%	$156.2M	$220.7M	50x	as long as short
Aftermath Perps NVDAUSDlong	+0.0011%	1h	227.24	long leg	$118K	$55K	10x
Bitget NVDAUSDT	+0.0020%	8h	227.52	+0.121%	$15.6M	$17.9M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.27	+0.013%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.45	+0.090%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.51	+0.117%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.32	+0.033%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.37	+0.055%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.33	+0.038%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.27	+0.011%	$1.6M	$2.1M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.40	+0.068%	$49K	$1.5M	10x	as long as short
BloFin NVDA-USDT	+0.0058%	8h	227.48	+0.104%	$714K	$205K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.25	+0.002%	$93K	$112K	20x	as long as short
edgeX NVDAUSDC	+0.0074%	4h	227.49	+0.107%	$170K	$1.9M	20x	as long as short
Nado NVDA-PERP	+0.0079%	1h	227.33	+0.039%	$484K	$227K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.48	+0.102%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.103%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	+0.029%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.44	+0.086%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	+0.024%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	227.46	+0.095%	$36K	$22K	20x
Lighter RH NVDA	+0.0128%	1h	227.62	+0.165%	$4.9M	$7.0M	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.50	+0.111%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.161%	$73K	$136	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.38	+0.060%	$388K	$709K	20x	as long as short