Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0127%/8h= +14.0% APRpaid last 24h +0.005%

Price spread now: Arcus against Aster−0.062%7-day average −0.099% · 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−$19as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.051%+$5 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now −0.062%, 7d avg −0.099%

Together, before fees−0.082%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Arcus is 0.037% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NVDAUSDT	227.51	0	get 0.0000% / 8h	4m 04s	$483K	$586K	20x
Short	Arcus NVDA-USD	227.37	0.0127	get 0.0016% / 1h	4m 04s	$400K	$724K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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 AsterbpFee ArcusbpOrdersPrice spread, now −0.062%Rate

Funding earned: $26.77
Price spread: −0.062% → −0.099%: $3.71
Slippage, 4 orders: −$10.59
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $7.38
Costs to cover: 0.231%
Break-even: 5.1 days

Slippage from Aster: live order book, 8 min ago; Arcus: live order book, 10 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 Aster live order book, 8 min ago	0.88 bp	4.9 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit
Sell Arcus live order book, 10 min ago	1.10 bp	3.4 bp −$3	3.4 bp −$34	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 NVDAUSDTlong	0.0000%	8h	227.51	long leg	$483K	$586K	20x
Bybit NVDAUSDT	0.0000%	8h	227.49	−0.009%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.50	−0.005%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.45	−0.027%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.52	+0.006%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.42	−0.040%	$20K	$407K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.06	−0.198%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.61	+0.043%	$198K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.62	+0.048%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.33	−0.080%	$118K	$56K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0023%	8h	227.55	+0.017%	$15.5M	$17.4M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.40	−0.050%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0036%	8h	227.52	+0.003%	$156.3M	$219.3M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.67	+0.070%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.42	−0.040%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.40	−0.049%	$147.9M	$48.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.50	−0.005%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.40	−0.049%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.29	−0.097%	$1.6M	$2.1M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.50	−0.005%	$49K	$1.4M	10x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.50	−0.005%	$1.6M	$11.5M	10x	as long as short
Nado NVDA-PERP	+0.0062%	1h	227.45	−0.027%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.52	+0.003%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.220%	$1.3M	$842K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.42	−0.041%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.058%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.48	−0.014%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.35	−0.071%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0111%	8h	227.47	−0.018%	$1.6M	$742K	20x	as long as short
Arcus NVDA-USDshort	+0.0127%	1h	227.37	−0.062%	$400K	$724K	20x
BloFin NVDA-USDT	+0.0144%	8h	227.49	−0.009%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0176%	1h	227.53	+0.009%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0176%	1h	227.65	+0.061%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.67	+0.070%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0498%	4h	227.48	−0.015%	$171K	$1.9M	20x	as long as short