Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h −0.006%

Price spread now: Aster against Arcus+0.047%7-day average +0.096% · 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−$34as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.054%−$5 on $10k

Price spread, last 4 days (all we have)+0.226%+$23 · spread now +0.047%, 7d avg +0.096%

Together, before fees+0.172%+ Points / potential airdropAster: Stage 5 · farm board+$17 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: Aster is 0.049% cheaper against Arcus than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	227.49	0.0040	pay 0.0005% / 1h	27m 14s	$400K	$745K	20x
Short	Aster NVDAUSDT	227.60	0.0033	get 0.0033% / 8h	4h 27m	$483K	$590K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$1.45
Price spread: +0.047% → +0.096%: −$4.92
Slippage, 4 orders: −$16.91
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$35.77
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Arcus: live order book, 32 min ago; Aster: live order book, 30 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 Arcus live order book, 32 min ago	1.32 bp	8.2 bp −$8	12.4 bp −$124	doesn't fit	doesn't fit
Sell Aster live order book, 30 min ago	0.44 bp	4.4 bp −$4	7.5 bp −$75	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
Bybit NVDAUSDT	0.0000%	8h	227.56	+0.031%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.57	+0.035%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.50	+0.004%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.62	+0.057%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.19	−0.132%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.066%	$198K	$470K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.57	+0.035%	$2.2M	$43K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.49	0.000%	$49K	$1.6M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	227.44	−0.021%	$118K	$54K	10x	as long as short
Aster NVDAUSDTshort	+0.0033%	8h	227.60	+0.047%	$483K	$590K	20x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USDlong	+0.0040%	1h	227.49	long leg	$400K	$745K	20x
GRVT NVDA_USDT_Perp	+0.0041%	8h	227.60	+0.048%	$21K	$391K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.68	+0.084%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.45	−0.018%	$147.8M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.54	+0.022%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.45	−0.018%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.33	−0.070%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.52	+0.013%	$1.3M	$9.3M	10x	as long as short
Lighter NVDA	+0.0064%	1h	227.55	+0.027%	$2.2M	$3.3M	20x	as long as short
Variational Omni NVDA	+0.0067%	8h	227.57	+0.033%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0068%	1h	227.47	−0.008%	$484K	$228K	20x	as long as short
edgeX NVDAUSDC	+0.0069%	4h	227.56	+0.029%	$170K	$1.9M	20x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.43	−0.026%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.44	−0.021%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.46	−0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	+0.004%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	+0.018%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.55	+0.027%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0118%	8h	227.57	+0.035%	$156.3M	$216.2M	50x	as long as short
KuCoin NVDAUSDTM	+0.0135%	8h	227.59	+0.044%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.70	+0.092%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.49	0.000%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.185%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0238%	8h	227.62	+0.057%	$721K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0368%	1h	227.42	−0.031%	$679K	$742K	10x	as long as short